Student Loan Guidance Built for Medical Professionals

It depends on your employer, income, loan balance, and career plans. PSLF can forgive the remaining balance on your federal Direct Loans after 120 qualifying monthly payments while you work full-time for an eligible government or nonprofit employer.

Refinancing replaces federal loans with a private loan. That can lower your interest rate, but the refinanced loans are no longer eligible for PSLF, federal income-driven repayment, or federal deferment and forbearance options. A Juno expert can help you compare both paths before you decide.

No. The choices you make during residency can shape your options for years. Depending on your situation, that may mean evaluating income-driven repayment, PSLF, or residency-specific refinancing options. We can help you build a plan now and revisit it as your income changes.

No. The consultation is free and there is no obligation to refinance. You don't need to know whether you should refinance before talking to us. We'll help you understand your federal and private loans, explore the strategies available to you, and determine what makes sense for your situation.

Yes. You're free to refinance whichever loans you choose without refinancing all of them at once. For example, some borrowers refinance their private loans while keeping their federal loans in a federal repayment plan or on track for PSLF.

Usually after people refinance a loan, we hear "why was that so easy?" The truth is that the process is fairly straightforward.

On a basic level, you're taking out a new loan to pay off your old loan.

Refinancing may be a good fit for borrowers who have higher-interest student loans and can qualify for a lower rate through a private lender.

This can include borrowers with private student loans whose current interest rates are higher than the rates available through refinancing. Lowering your rate could reduce the amount of interest you pay over the life of the loan, lower your monthly payment, or both, depending on the new loan term you select.

Borrowers with federal student loans may also be good candidates if they have higher interest rates and do not expect to benefit from federal programs such as Public Service Loan Forgiveness (PSLF) or income-driven repayment. Refinancing can be particularly worth exploring for borrowers with strong income and credit who plan to repay their loans in full and can qualify for meaningfully better terms.

You also don't have to refinance all of your student loans. You can choose which individual loans or balances to refinance while leaving others unchanged.

Important: Refinancing federal student loans with a private lender permanently converts those loans into private loans. You may lose federal benefits and protections, including income-driven repayment plans, Public Service Loan Forgiveness, certain deferment and forbearance options, and other federal borrower protections. Private refinancing terms, eligibility requirements, and borrower protections vary by lender. Student loans are also generally difficult to discharge in bankruptcy.

Before refinancing, carefully compare the potential savings with any benefits or protections you would be giving up. This information is for educational purposes only and is not financial advice. Consider your individual circumstances and, when appropriate, consult a qualified financial professional before making a decision.