Medical Resident Refinancing
Set yourself up for
success out of residency.
✓ Pay just $100/month during residency: for up to seven years.1
✓ Flexible rates and terms: Choose the options that work best for you.2
✓ One easy payment: Consolidate your loans into one easy payment.
✓ Earn $1,000 per referral: You’ll each earn a $1,000 bonus3 when their loan funds.
View your rate
Checking your rate will not affect your credit score.
Disclosure: Fixed rates range from 6.14%–9.84% APR with 0.25% autopay discount and a 0.125% SoFi Plus discount. Variable rates range from 6.14%–9.84% APR with same discounts. Action must be taken to obtain discounts. Rate ranges are current as of 2/7/26 and are subject to change at any time. Rates depend on a variety of factors. Lowest rates reserved for the most creditworthy borrowers. Autopay is not required to obtain a loan.
See here for more details.
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manage the complexities of student loan debt.
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The average doctor has
$241,600 in student loans.
If the average percentage rate (APR) on those loans is 6.75% APR, that doctor could save $35,356 in interest if they qualify for and refinance into a 10 year fixed-rate loan with SoFi at 4.29% APR* (with autopay).
Current
Loan
Amount
$241,600
Fixed Rate
6.75% APR
Term left
10 years
If refinanced with SoFi
Amount
$241,600
Fixed Rate
4.29% APR
Term left
10 years
Estimated savings with SoFi
$35,356
See your savings
See payment examples
*Calculated payments example and savings are only estimates based on the following assumptions. This calculation assumes the borrower is refinancing a federal Grad PLUS loan with a 6.75% APR which is the average of Grad PLUS rates over the last 4 years. It assumes they are refinancing an average loan amount of $241,600 (medical)/$301,538 (dental) into a 10-year loan term with a fixed rate of 4.29% APR (with 0.25% autopay discount), and 120 total monthly payments of $2,480/$3,095. The SoFi APR is the average APR for borrowers who took out a student loan refinance loan from SoFi over the course of 2021-2022. Borrowers are not required to enroll in autopay. This calculation assumes the borrower made no payments during the current federal loan relief of 0% interest and no required payments which is set to expire on 12/31/22. When federal loan payments resume, this calculation assumes that the borrower’s federal monthly payment remains the same and the maturity date will be pushed out by the length of the federal loan relief. Any payments and savings may vary and will depend on the actual loan amounts and APR for which the borrower is approved.
Refinance loans during residency
with competitive fixed or variable rates.
Fixed
6.14%–9.84% APR*
with all discounts
Variable
6.14%–9.84% APR*
with all discounts
View your rate
Not sure which to choose?
Learn more. →
Why refinance your student loans while in residency?
-
One easy payment
Medical student debt consolidation simplifies the repayment
process by combining your loans into one monthly payment.
-
$100 monthly payments during residency
With our resident student loan refinancing, you pay just $100/month1 for up to seven years. Make progress on your loans, but keep your focus on your residency.
-
Flexible rates and terms
A refinanced med school loan means you can choose a repayment
term and pick between a low fixed or variable interest rate based
on your expected future income.
-
Earn $1,000 per referral
Once you refinance with SoFi, you’ll be able to invite other doctors, dentists or residents to refi
too—you’ll each earn a $1,000 bonus when their loan funds. Learn more.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score..
Medical Resident Refinance FAQs
What is medical resident refinancing?
Medical school graduates can refinance the student loans they used to pay for college or medical school. When you refinance, your student loans (including both federal and private student loans) are replaced with a new private student loan. Benefits of refinancing may include a lower interest rate, lower monthly payment, or the convenience of combining multiple loans into one. You may pay more interest over the life of the loan if you refinance with an extended term.
Can you refinance student loans while in residency?
Yes, it’s possible to refinance your medical school student loans while you’re still in residency. You can find more information on medical resident refinancing here.
Can I defer my loans while I’m a medical resident?
Yes, many federal student loans offer deferment or forbearance options that allow medical residents to temporarily pause or reduce payments during training. However, interest may continue to accrue during this time, which can increase the total balance owed. Some private lenders also provide resident-specific programs that reduce required monthly payments until after residency.
Can you get loan forgiveness during residency?
It is possible to work toward federal loan forgiveness during residency, depending on your circumstances. For example, medical residents employed by qualifying nonprofit hospitals or academic institutions may be eligible to count residency years toward Public Service Loan Forgiveness (PSLF), provided they are enrolled in an income-driven repayment plan and meet all requirements. Private loans are not eligible for federal forgiveness programs.
Does SoFi refinance student loans for medical residents and fellows?
Yes, SoFi offers student loan refinancing for medical school graduates currently in residency or fellowship. You can find more information on medical resident refinancing here.
What happens if I leave my residency program?
Upon completion or departure from your residency program, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule.
Do student loans accrue interest during residency?
Yes, in most cases student loans continue to accrue interest during residency, even if you are in deferment, forbearance, or on a reduced payment plan. Unpaid interest may be capitalized, or added to the principal balance, at the end of the deferment or forbearance period. Refinancing may help manage interest costs, though it is important to weigh the trade-offs of giving up federal protections.
What is the average debt out of residency?
Debt levels for medical school graduates entering residency can vary significantly. Factors such as the cost of attendance, scholarships, personal savings, and any undergraduate loans all influence the total amount owed. Many residents explore repayment options like income-driven plans, forgiveness programs, or refinancing after training to help manage their student loans.
See all FAQs
Resources on medical school loan refinancing in residency—and much more.
Visit SoFi Learn
Ready for a med school loan refinance?
View your rate in minutes to get started.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
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