EMRA Medical Student Offers
Get where you want to go, faster.
Medical school and the transition to residency can be daunting – and expensive! Laurel Road can help you get to where you need to go with financial solutions for medical students.
Apply directly from this page for access to these offers. Enter code EMRA2015 if prompted.
Why Laurel Road for Doctors?
We're guessing you didn't spend eight years in med school to study finance.
Easy Online Solutions
Digital banking designed to help you save time and money.
Smart, Secure Technology
The trusted technology of a leading national bank.
Award-winning Experience
Our customers love us—we've funded over $9 Billion in loans.
Student Loan Consultation
Weigh your student loan options with an expert guide.
If you have a federal student loan, you can schedule a free 30-minute consultation with one of our student loan specialists1 to get the facts and develop your personalized plan.
Laurel Road helps borrowers qualify for an average of over $118k in federal student loan forgiveness.2 And as an EMRA Member, you can get a 20% discount on an annual forgiveness counseling membership.3
Don’t have federal student loans? Explore your student loan refinancing options below.
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Our student loan consultation will help you:
Apply for IDR
Understand your Income-Driven Repayment (IDR) and forgiveness options.
Navigate PSLF
See if you qualify and help you stay on track for Public Service Loan Forgiveness (PSLF).4
Explore Refinancing
Compare simple refinancing options that could help you save on student loans.
Stay the Course
If you're already in the right repayment program, GradFin helps you stay on track.
Laurel Road High Yield Savings®
Earn 5.00% Annual Percentage Yield (APY).5
EMRA members can earn competitive rates on your entire account balance and make every dollar count.
Plus, no minimum balance to open, and no monthly maintenance fees.
View Laurel Road High Yield Savings Rates & Fees
Get Started
Residency Interview Loan
EMRA members get a 0.50% rate discount on personal loans.6
It costs a lot to find the perfect match. At Laurel Road, you may be able to borrow up to $15,0007 with low rates. Ease the financial burden of interviewing for residency positions, with a personal loan to cover the costs associated with interviewing.
Check My RatesBenefits of a Personal Loan from Laurel Road
Low fixed rates available across various terms
We don't charge any application or origination fees or prepayment penalties
Additional 0.25% discount when automatic monthly payments are made from a bank account8
Frequently Asked Questions
Questions come up, and we have answers.
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STUDENT LOAN
How are your loans different from federal government loans?
While in some instances Laurel Road may provide more competitive rates and flexible terms and repayment options, it does not offer Income-Based Repayment and Loan Forgiveness options that may be available through federal student loans. Be sure to explore all options available to you including grants, scholarships, and federal loans. For more information about federal student loan options visit StudentAid.gov
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STUDENT LOAN
How does the graduate loan financing process work?
It’s pretty simple – the entire application is completed online. You will generally receive rates shortly after you complete your application.
Fill out a short application with basic information about you, your loan, education, and cosigner if relevant. After you authorize a hard credit inquiry and have provided any supporting information requested, we will request cost of attendance information from your school, review your application, and we will provide you with a decision.
If you are conditionally approved, you will be able to select your loan type and term, and accept and e-sign all necessary disclosures and your promissory note in the Laurel Road dashboard.
The timing of your first payment to Laurel Road is dependent on the loan type you choose.
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STUDENT LOAN
Can I change the amount of funding I have requested?
If the loan adjustment amount is lower than your initial amount please reach out to Laurel Road Member Services for assistance. If your adjustment amount is higher than your initial amount you must reapply.
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PERSONAL LOAN
What can I use a Residency Interview Loan for?
Costs incurred during the search for medical residency programs such as flights, hotels and other travel related expenses associated with transitioning to residency. This loan is only available for 4th year medical students.
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PERSONAL LOAN
How much can I take out with a Residency Interview Loan?
$5,000 to $15,000
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PERSONAL LOAN
What are the repayment options for a Residency Interview Loan?
Laurel Road offers reduced payments through the end of school and during training. The total period of reduced payments cannot exceed 60 months and cannot be less than 48 months. During this reduced payment period, interest on the loan will continue to accrue. Unpaid accrued interest will capitalize (added to the unpaid principal balance of the loan) at the end of the reduced payment period.
Disclaimers
All credit products are subject to credit approval
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GradFin and Laurel Road are brands of KeyBank N.A.
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Members who met the requirement for federal student loan forgiveness through an Income-Driven Repayment (IDR) plan or Public Service Loan Forgiveness (PSLF) qualified for an average of $118,207.69 in student loan forgiveness as of 10/08/2024.
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Member Names get a 20.00% discount off the published annual membership rate for Public Service Loan Forgiveness (“PSLF”) or Income Driven Repayment (“IDR”) programs. The discount will apply to both Standard and Freedom Plus membership options and will automatically apply when the annual membership is charged. This discount is only available to current Member Names, is non-transferable and cannot be applied to previous membership purchase(s). This discount cannot be redeemed for cash or combined with other offers; pricing and discount accurate as of June 27, 2024 and are subject to change or cancellation at any time and without notice
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To qualify for Public Service Loan Forgiveness (PSLF), you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service); work full-time for that agency or organization; have Direct Loans (or consolidate other federal student loans into a Direct Loan); repay your loans under an income-driven repayment plan; and make 120 qualifying payments. For full program requirements, visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service.
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The variable Annual Percentage Yield (APY) indicated is accurate as of January 23, 2025, and is subject to change at any time. No minimum balance is required to earn the APY. Fees may reduce earnings on the account. For current rates visit laurelroad.com/high-yield-savings-account/#rates-fees-jump.
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The 0.50% Member Name interest rate discount (“Member Discount”) is offered to personal loan applicants who are active Member Names. An additional 0.25% interest rate discount is also available to Member Names who make personal loan payments through reoccurring electronic fund transfers (EFT) ( “AutoPay Discount”). The Member Discount and AutoPay Discount are only available at loan origination and at no other time, and will go into effect on the date the loan funds are disbursed. The Member Discount cannot be combined with any other offer, except the AutoPay Discount. Theses offers are subject to change without notice. This offer is not guaranteed if you do not meet Laurel Road’s personal loan or AutoPay Discount criteria. Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road.
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Minimum loan amount of $5,000.00 and maximum amount of $15,000.00 for loan purposes of residency interviews. Please visit laurelroad.com/personal-loan/ for information regarding other personal loan purpose options.
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AutoPay/EFT Discount: if the borrower chooses to setup monthly payments automatically by electronic fund transfer (EFT) from a bank account before closing, the interest rate will decrease by 0.25%. The discount will be reflected in your monthly payment.
This information is current as of July 10, 2023. Information and rates are subject to change without notice.
Graduate Loan – Eligibility & Additional Details
Eligibility
Borrower, and Co-signer if applicable, must state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).
Fee Information
There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
Personal Loan – Resident Interview Loan Terms and Conditions
Fee Information
There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.
Eligibility
A borrower must be enrolled in good standing in a Doctor of Medicine (MD) or Doctor of Osteopathy (DO) program at an accredited U.S. medical school with an anticipated graduation date falling within twelve months from date of application. Borrower must also meet Laurel Road underwriting criteria including, for example, credit score and credit history requirements.
Repayment Term
Full Loan Repayment: 4th Year Medical Students are eligible for fully amortizing repayment terms of 2 and 3 years. Full Loan Repayment will commence immediately following Reduced Payment Period.
Total Term Maximum: Total loan term (including reduced payment period, and full loan repayment period) shall not exceed 84 months.