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Laurel Road: Student Loan Refinancing and Health Care Loans

Laurel Road offers student loan refinancing and health care graduate loans. In this Laurel Road review, learn how you can get additional discounts.

Laurel Road is a lender that specializes in student loan refinancing. The lender offers competitive interest rates and added benefits, and Juno members can qualify for exclusive discounts. 

Laurel Road has programs specifically designed for physicians, dentists and nurses. 

Before applying for a loan through Laurel Road, take the time to research its loan options, terms and benefits. 




Laurel Road Student Loan Review: Pros and Cons

Pros

Cons

Parent loans can be transferred to the child

Lower refinancing maximums for associate degree loans

Students can refinance before they graduate

Private student loans not available to all borrowers

Additional discounts for Juno members


Pros 

  • Parent loans can be transferred to the childWith most parent student loans, the parent is solely responsible for repaying the loan and cannot transfer the loan to the child. But Laurel Road offers a workaround; it’s one of the few lenders that allows parents to refinance loans into the child’s name. If the child meets the eligibility criteria, the loan will be transferred to them, eliminating the parent’s responsibility to repay the loan. 
  • Students can refinance before they graduate: Most student loan refinancing lenders require you to wait until after you graduate to refinance your loans. Laurel Road is the exception. Undergraduate and graduate students in health care majors can refinance as early as their final semester of school. To qualify, you must have a signed contract or letter of employment. Laurel Road will even honor up to 12 months of remaining grace periods or in-school deferments.* 
  • Additional discounts for Juno members: If you join Juno and apply for a loan from Laurel Road, you can qualify for additional discounts. You must apply through www.laurelroad.com/juno to receive these benefits. Juno members can get an extra  0.25% off their interest rate.* 

Cons

  • Lower refinancing maximums for associate degree loans: While borrowers with associate degree loans can refinance their loans with Laurel Road as long as they used their loans to pursue a degree in health care, there is a limit on how much they can refinance. Borrowers with associate degree loans can refinance only up to $50,000. 


Laurel Road Student Loan Refinancing 

To save money, pay off your debt faster or reduce your payments, you can use student loan refinancing as a solution.  

Laurel Road offers refinancing for both students and parents. 

Student Loan Refinancing

With Laurel Road’s refinancing option, you can choose a loan term between five and 20 years. You can select either a variable or fixed interest rate, and you can qualify for a .25% autopay discount.*  

To qualify for a loan, you must be a working professional with a degree from a Title IV-accredited institution or be in your last semester with a contract or letter of employment.

Parent Loan Refinancing

Parents also can refinance student loans they took out to pay for their child’s education. To qualify, the child must have attended a Title-IV school. However, Laurel Road will allow you to refinance even if your child hasn’t graduated yet. 

You also can refinance the loan into your child’s name. Going forward, you’ll no longer have any obligation to repay the loan, and it will be listed as paid in full on your credit report. 


Juno's Exclusive Student Loan Refinance Deals

Cosigner:

Can’t be refinanced with a cosigner

Rates:

Fixed starting at 4.39% APR, Variable starting at 4.09% APR including autopay and Juno discount.

Juno benefit:

Rate reduction of 0.25%

Check:

Soft Credit Check to get rates; Hard Credit Check to refinance


Cosigner:

May be able to refinance with a cosigner

Rates:

Fixed starting at 4.64% APR, Variable starting at 4.24% APR. May include autopay discount.

Juno benefit:

Up to $1,000 cashback based on loan amount

Check:

Soft Credit Check to get rates; Hard Credit Check to refinance


Cosigner:

May be able to refinance with a cosigner

Rates:

Fixed starting at 4.24% APR, Variable starting at 3.74% APR*

Juno benefit:

Rate reduction of 0.25%*

Check:

Soft Credit Check to get rates*; Hard Credit Check to refinance


Juno's Exclusive Student Loan Refinance Deals

RatesJuno BenefitCheck
Best for Most
Can’t be refinanced with a cosigner
Fixed starting at 4.39% APR, Variable starting at 4.09% APR including autopay and Juno discount.Rate reduction of 0.25%Soft Credit Check to get rates; Hard Credit Check to refinance
Register for Earnest Deal (it’s free!)
Alternative Best for Most
May be able to refinance with a cosigner
Fixed starting at 4.64% APR, Variable starting at 4.24% APR. May include autopay discount.Up to $1,000 cashback based on loan amountSoft Credit Check to get rates; Hard Credit Check to refinance
Register for Splash Deal (it’s free!)
Best for Medical Professionals
May be able to refinance with a cosigner
Fixed starting at 4.24% APR, Variable starting at 3.74% APR *Rate reduction of 0.25% *Soft Credit Check to get rates;* Hard Credit Check to refinance
Register for Laurel Road Deal (it’s free!)



Choosing a Lender

The lender has some valuable benefits, including the ability to transfer parent loans to a child. Plus, Juno members can qualify for an additional 0.25% reduction on their interest rates.*  It’s completely free to join Juno, and you can complete the process in about a minute. 


Kat Tretina
Written By
Kat Tretina

Kat Tretina is a freelance writer based in Orlando, FL. She specializes in helping people finance their education and manage debt. Her work has been featured in Forbes, The Huffington Post, MarketWatch, and many other publications.

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