AMA members must apply through www.laurelroad.com/ama to access these benefits.
AMA members can manage their finances and prepare for their futures in various ways with Laurel Road, an FDIC-insured digital banking platform. Laurel Road also offers a range of customized lending solutions to help physicians run and maintain their practice. Keep reading to learn more about loans doctors, residents, students and practices can take advantage of.
Student loan forgiveness consultation
Get help identifying your student loan repayment and forgiveness options. Laurel Road's student loan experts can help you understand how to manage your federal student loan options, including Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF). Get expert help understanding how to qualify for PSLF or see how an IDR plan could help stabilize your monthly payments.
AMA members can schedule a free 30-minute session with a student loan expert to explore your student loan repayment or forgiveness options.
Consider PSLF if you:
- Work for a government or qualifying not-for-profit organization**
- Are employed full-time
- Have federal loans
**To see if your employer qualifies, visit studentaid.gov/pslf/employer-search.
Laurel Road student loan refinancing
The AMA and Laurel Road have teamed up to help members save on their student loan debt. Laurel Road provides competitive student loan refinancing rates, and AMA members get access to these exclusive benefits:
- Receive a 0.25% rate discount when you refinance with Laurel Road*
- Entirely online application allows physicians to check rates in minutes—without impacting your credit score*
- Residents are eligible for $100/month payments all through training*
Note: the discount is applied to the principal to help pay the loan down faster. These discounts and bonuses are only offered for applications from AMA members in good standing, and the rates will end if the members are no longer active. Other terms and conditions apply. For more information, visit the Laurel Road website and find all partnership disclaimers.
Resident interview loans
AMA members can also ease the financial burdens of interviewing for residency positions with Laurel Road. A Laurel Road resident interview loan covers common costs associated with searching for medical residency programs. For example, you may incur travel costs for flights or hotel stays.
- AMA student members receive an additional 0.25% rate discount when taking out a residency interview loan with Laurel Road.*
- Special repayment options during training.*
- Additional 0.25% discount when automatic monthly payments from a bank account is selected at the time of closing.*
Laurel Road personal loans for physicians and residents
Additionally, physicians and residents can apply for personal loans online and check their rates in minutes without impacting their credit scores.* Physicians can borrow up to $80,000* with a personal loan if they’re in practice.
- AMA members receive an additional 0.25% rate discount when taking a personal loan with Laurel Road.*
- Special repayment options during training.
- Additional 0.25% discount when automatic monthly payments from a bank account is selected at the time of closing.*
Home loans for physicians
Laurel Road offers practicing physicians or residents who are AMA members custom digital mortgages and low rates whether they’re looking to purchase a home or refinance their current mortgage.
As an AMA member, you will receive a 0.25% mortgage rate discount off already low rates with Laurel Road.* You could also save up to $650 on your closing costs.* Enjoy an easy online application experience with a dedicated mortgage team and human support when needed.
Laurel Road for your practice
Laurel Road also offers a range of customized lending solutions to help you run and maintain your business, including term loans and lines of credit. These solutions are designed to help you buy equipment, consolidate debt, or buy into a practice.
As an AMA member, you will receive a 0.25% rate discount if you are approved for a practice loan with Laurel Road.*
If you are a physician or medical student interested in unlocking these special benefits, join AMA today.
Disclaimers
All credit products are subject to credit approval.
IMPORTANT INFORMATION: Please note that if you refinance qualifying federal student loans with Laurel Road, you may no longer be eligible for certain federal benefits or programs and waive your right to future benefits or programs offered on those loans. Examples of benefits or programs you may not receive include, but are not limited to, public service loan forgiveness, income-driven repayment plans, forbearance, or loan forgiveness. Please carefully consider your options when refinancing federal student loans and consult https://studentaid.gov/ for the most current information.
Laurel Road is a brand of KeyBank National Association. All products offered by KeyBank N.A. Member FDIC. NMLS #399797. Equal Housing Lender. ©2024
MORTGAGES, STUDENT LOANS, PSLF, AND PERSONAL LOANS ARE NOT FDIC INSURED OR GUARANTEED
KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp. 3 Corporate Drive, 4th fl, Shelton, CT 06484.
All trademarks are the property of their respective owners. Additional terms and conditions may apply, including verification of current AMA membership status.
