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White Coat Investor Student Loans is a student loan refinancing service that helps students and recent graduates refinance their student loans.

We understand that going to school is expensive, but we also know that paying off those loans can be even more expensive. That’s why we’re here to help you find the best rates for your student loans and make sure you don’t spend more than you have to on them.

We take your privacy seriously, so we’ll never share your information with anyone else. We’ll also never charge you any fees for using our service unless you choose to sign up for one of our products—and even then, there are no hidden fees or penalties.

Doctors often accumulate multiple loans from both private and federal loan programs to fund their medical schooling. Student loan refinancing is when you seek out a private lender to replace those loans with a brand new loan at a new interest rate and terms. Refinancing is free, can be done over and over, and can save you a lot of money by lowering your interest rate.

Student loan refinancing is NOT the same thing as a Federal Direct Consolidation Loan. Consolidation is the process of combining multiple federal student loans into one federal loan.

Benefits of Refinancing Your Medical School Loans

En route to debt elimination, most professionals should take advantage of the ability to refinance their debt with a private company. It is usually a no-brainer (assuming loan forgiveness is not an option), because you can lower your monthly payment and the amount of money you owe over the life of the loan, in addition to paying it off quicker.

Eliminating your student loan debt at the beginning of your career will increase your happiness and speed your way to financial freedom, allowing you to take advantage of future opportunities, both professional and personal.

You Save a Ton of Interest

If you have $300,000 in student loans at an average rate of 7% and refinance that to 2.5%, you will spend $13,500 less in interest in the first year alone. That is $13,500 that can go toward principal instead of interest. The same monthly payment that would pay off a 7% loan in 20 years pays off a 2.5% loan in less than 10 years. A 10-year loan becomes a 6-1/2-year loan. A 5-year loan goes away in less than 4.

You Get Cash Back Now

As if saving tens of thousands of dollars in interest isn’t enough, as a little extra icing on the cake WCI has negotiated a special deal for you with each of the main refinancing companies! When you refinance, you get some money back (and you help support this site). If you’re smart, you’ll throw those dollars saved into paying off your loans.

You Get Better Service

No company is ever perfect, but compared to the service you were getting from your federal loan servicer, these guys might seem like it. You can get people on the phone, a functioning website, and can easily make extra payments to pay your loans off even faster.

You Get a Quick and Easy Way to Make Money

When refinancing companies first showed up in 2013, there were lots of kinks to work out. Well, they’ve all been worked out. Now you can get a preliminary quote from most of them online in 5 minutes or less.

If you have all of your loan paperwork handy, you can usually upload it electronically in a few more minutes. Once you’ve gathered the paperwork to refinance with one lender, checking your rate with a couple of others is no big deal either (and I recommend you do so).

I don’t know how long it takes you to make $13,500, but I guarantee refinancing your loans will take less time, especially since it is all after-tax money.

Student Loan Refinancing Guide

Student loan debt is increasingly becoming a contributor to stress, burnout, and even suicide in doctors and other high-income professionals. Refinancing private student loans is a no-brainer anytime you can lower your interest rate, even as an intern. Direct federal student loans should be refinanced as soon as you decide not to go for Public Service Loan Forgiveness (PSLF) and find an interest rate lower than your effective rate (after the REPAYE subsidy is applied).

Refinance Medical School Loans

It is best to refinance medical school loans early and often, any time interest rates drop or another company offers a lower rate than your current lender. If you refinance through the links on this page, you will also get a cash bonus. WCI also gets advertising compensation from these companies when you use these links. It is a win-win. As you pay down your loans, your credit score and debt-to-income ratio will improve, possibly lowering your rate even further.

Have you visited any of these lenders from a different website? Clear the cookies in your web browser before you click any of the WCI links below to ensure you are identified as a WCI reader (and get our best rates and bonus cash back). 

It’s time to take control of your student debt.

We’ve shown you how to manage your student loans and avoid default, but now it’s time to talk about how you can pay them off.

You have several options, including refinancing your loans with an alternative lender or consolidating your loans through a federal program. We’ll help you figure out which option is right for you by comparing the pros and cons of each one.

And if you’re still having trouble paying off your student loans, don’t worry! We’ll talk about ways that you can reduce those payments—even if it means working with a private lender who has lower interest rates than the government-backed lenders. You might even be able to lower your monthly payments by as much as $100 or more per month!