Competitive medical school loan interest rates

Variable Rates

4.04% - 13.29%*

  • Your payment may change every month.
  • Your interest rate varies and changes with market conditions.
Fixed Rates

5.04% - 14.75%*

  • Make the same payment every month.
  • Your interest rate is set the day you apply and doesn’t change.

*Rates displayed above are effective as of 10/01/2022 and reflect an Automatic Payment Discount of 0.25% on credit-based loans when you enroll in automatic payments. For more information, see repayment examples or review the Ascent Student Loans Terms and Conditions.
**Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores.

Customize your medical school loan repayment options

Flexible Repayment Plans

  • $25 minimum* if you want to get started on your payments while you’re still in school.
  • In school interest-only repayment if you can afford larger payments while in school.

Extended In-School Period

  • We offer deferment of MBA school loans up to 48 months while you’re enrolled at least half time.
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Postpone Payments

  • The grace period allows you to postpone payments up to 9 months after graduation, giving you time to focus on what matters.

*Want to see what your repayment plan and monthly payments could look like? Check out our loan repayment examples to help you make your decision.

5 Benefits of medical school loans with Ascent

  • No application, origination, or disbursement fees
  • No penalties for early loan payoff
  • 1% cashback + discount for automatic payments
  • Refer a friend and earn $525 for each friend who takes a loan
  • Defer payments up to 9 months after graduation
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What are others saying about Ascent?

How to get your medical student loan

You’ve already put a lot of work into preparing for medical school. Getting the financing you need shouldn’t stop you now. We’ve streamlined our application process so you can get your funds without getting a headache.

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    Step 1:

    Submit your pre-qualification

    We ask you to provide important information such as your name, address, date of birth, the school you’re applying to, and employment information. If you’re applying with a cosigner, they’ll also enter their information.

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    Step 2:

    Select your repayment plan

    Once your completed loan application is approved, you’ll be able to view your repayment options and select the loan terms that work best for you.

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    Step 3:

    Complete your Ascent Portal tasks

    After you choose your loan terms and accept your disclosures, your Ascent Portal will be populated with tasks to complete. These tasks include a financial wellness quiz and providing us with any additional information we need to prepare your loan.

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    Step 4:

    We pay your school

    When your portal tasks are complete, we send your loan for school certification. Once certified, we’ll disburse your loan directly to your school.

Ready to start your loan application?

See your rates today without impacting your credit score.

Apply Now

More ways to pay for medical school

Ascent offers a variety of options to earn money throughout the year for medical school, even if you don’t have a loan with us.

Financial wellness tips for medical school

To help you with your student loan for medical school, we incorporate financial wellness into our application process. This gives you exclusive access to tips and resources to prepare you for financial success in school and after graduation.

Frequently asked questions about medical school student loans

We have answers.

From your first application to your final payment, we’re committed to helping you every step of the way. Our 100% U.S.-based Ascent’s customer service team is here for you.

Who is Ascent?
Ascent is an award-winning lender, committed to revolutionizing how students pay for higher education at colleges and coding bootcamps. Ascent empowers students from all economic backgrounds and disciplines (including DACA students) to maximize the return on their education through their Bright Futures Engine.

To set students up for success, we incorporate financial wellness into our application process (the ONLY lender to require this) and offer exclusive benefits for students like the opportunity to qualify for a loan without a cosigner (for undergraduate juniors and seniors), 1% cash back, no fees, and over $80,000 in scholarships awarded every year.

What are the credit requirements for Ascent’s Graduate Student Cosigned and Non-Cosigned Credit-Based Loans for medical school?
Ascent’s credit decisioning criteria is proprietary and subject to change, but you can check what rates you pre-qualify for in just four (4) steps without impacting your credit score. We consider credit history and several other factors including, but not limited to, credit score.
What are the eligibility requirements for Ascent’s Graduate Student Cosigned and Non-Cosigned Credit-Based Loans for medical school?
Ascent considers several factors which may include: creditworthiness, school, program, GPA, and cost of attendance.

Ascent Graduate Student Loans are for graduate students that are at least half-time enrolled in a degree program at an eligible institution.

Students applying without a cosigner must be U.S. citizens or have U.S. permanent resident status. DACA students or students that are not U.S. citizens or U.S. permanent residents may apply with a credit-worthy cosigner that is a U.S. citizen or U.S. permanent resident.

Can international students get loans for medical school?
Yes, Ascent’s graduate loans are available for international students attending U.S.-based institutions. To apply for our student loan for medical school as an international resident, you’ll need to apply with a creditworthy cosigner. Your cosigner must be a resident of the United States.

DACA students may apply solo with proper documentation or with a qualified cosigner.

Do you offer scholarships for medical school?
Yes– in fact, Ascent gives away over $80,000 in scholarships every year. Enter for your chance to win our Shining Stars Scholarship and Community Champions Scholarship in 3 easy steps – no essay required.
How much can I take out in loans?
The maximum loan amount for Ascent loans is limited to the total cost of attendance for one full academic year, minus any financial aid, as certified by your school. Keep in mind that your school may certify your loan for less than the amount that you requested.

  • Minimum:  $2,001
  • Maximum (aggregate): $200,000 for Undergraduate Loans; $400,000 for Graduate Loans
  • Maximum for the academic year:
  • $400,000 for Graduate Credit-Based Loans

Can I take out federal loans for medical school?
Yes, many medical school students apply for federal loans first through the FAFSA, then cover additional expenses with private student loans. The federal loans available to you may consist of Federal Direct Unsubsidized Loans and Grad PLUS Loans.

If your federal loans don’t cover all of your living expenses, a private student loan and scholarships may give you the relief you need.

How do medical school student loans work?
Medical school loans with Ascent work in 4 easy steps. After you’ve been accepted to your medical school, you can begin the application for your loan. Once you’ve pre-qualified for your loan, you can accept the loan and customize your repayment options. We’ll keep you updated on additional tasks and documents that need to be uploaded.

Finally, your medical school will certify the amount you’re approved for and your funds will be sent directly to your school – any money that doesn’t go towards your school’s necessary funds will be sent to you to cover additional expenses.

Don’t see your question? Check our FAQ page.

Contact us for help with medical school student loans

If you have questions or concerns about your medical school loan application, don’t hesitate to contact Ascent. We’re available to assist you and provide clarification on the loan application process, as well as any additional information you need to help make your decision.

Fill out our contact form to reach the Ascent team.

Pursuing a different educational route?

Ascent provides private student loans for various graduate student routes. If your heart isn’t set on dentistry, we can still help you out! Check out our other graduate loan options.

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