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Loan Refinance Calculator

For the first time ever, you can secure lower interest rates on your entire student loan portfolio, as soon as you sign with us. Regardless of how much is refinanced, you have the option to pay as little as $100/month for the remainder of residency and for 6 months after. 

Start Calculating

We have partnered with our preferred bank to offer its best-in-class student loan refinancing. Fill in your current student loan info below to see how much you could save every month with an interest rate as low as 2.99%!

Your Current Monthly Payment

Your Current Out of Pocket Cost

USACS Loan Years

5

USACS Interest Rate

Your New Monthly Payment

Your New Out of Pocket Cost

*Loan Savings With USACS

USACS Loan Years

10

USACS Interest Rate

Your New Monthly Payment

Your New Out of Pocket Cost

*Loan Savings With USACS

USACS Loan Years

20

USACS Interest Rate

Your New Monthly Payment

Your New Out of Pocket Cost

*Loan Savings With USACS

*This is an estimate of your savings when signed with USACS. Actual amounts may vary.

Additional Features

  • Free to apply
  • No origination fees or prepayment penalties
  • Option to pay as little as $100/month during residency and for 6 months after
  • Up to 12 months of Economic Hardship Forbearance is available

  • Fully dischargeable in case of death or permanent disability

     

Eligibility

  • Eligible Loans: Up to 100% of outstanding private and federal student loans from both undergrad and medical school (min $5,000; no maximum)
  • You have up to 12 months after your start date to enroll
  • Full-time W2 Physicians are eligible for refinancing and subsidy
  • Part-time Physicians and full-time and part-time W2 APPs are eligible to refinance, but there is no subsidy available
  • External/1099 Physicians and APPs are not eligible for the program
     

Frequently Asked Questions

How do I apply?

 

The process starts by applying for loan refinance through our direct link at KeyBank (https://doctors.key.com/partnerships/usacs/). You may apply as soon as you have an executed agreement with USACS and have the option to pay as little as $100/month during residency and for up to six months after.

 

How much will USACS subsidize?

 

Once you have applied, KeyBank will offer you their best rate based upon the desired term and your personal financial information. This rate includes a discount as a USACS Clinician. We will then provide a subsidy equivalent to 2.99% for a five-year term, 3.99% for a ten-year term, and 4.99% for a twenty-year term.

 

How soon may I apply and is there a deadline?

 

You may apply as soon as you have completed an executed agreement with USACS. You will remain eligible for up to 12 months post-residency/post-hire.

 

What happens if I leave USACS before the term of the loan is complete?

 

Although you will not continue to receive additional subsidy, your loan agreement with KeyBank, which includes a discounted rate for applying as a USACS employee will remain in effect. You will not be responsible to pay back any subsidy received prior to termination of your employment.

 

Are there tax implications?

 

Yes. Due to the status of the USACS-provided subsidy as income, the subsidy is taxed. However, you are eligible to receive a 10% pension contribution on the subsidy as part of your income.

 

Can I choose one option now regarding the term and later convert to another option?

 

Yes

 

Can I select a 7 or 15-year option?

 

Yes, however, a 7-year term would be subsidized at the rate of a 10-year term (3.99%) and a 15-year term would be subsidized at the rate of a 20-year term (4.99%).

 

Can I consolidate my spouse's student loans in with my student loans?

 

Spouse student loans may not be combined; however, spouses may refinance separately using the above link and although not eligible for subsidy, they will receive the USACS discount.

 

If I choose the $100/month option through residency and for the first six months after does interest accrue?

 

Yes, interest does accrue during the deferment period.

 

When does the subsidy go into effect? Once signed, will I receive the subsidy before I begin working for USACS?

 

Participants can apply for our loan refinance program through our preferred bank upon signing. The discounted rate is based on your individual criteria. Upon activation as a full time employee, we will begin subsidy payments beginning on your next regularly scheduled paycheck.

 

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