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Consolidating Your Student Loans

Pay down debt and improve your cash flow.

Why Should I Consolidate My Student Loans?

Consolidating your student loans can lower your monthly payments, simplify your finances and free up cash flow. Consolidation means you can stretch the time it takes to repay your loans. You may also be able to refinance loans at lower interest rates and reduce your monthly payments. And consolidating your debt can make your financial planning and day-to-day finances more convenient.

Talk to Your MD Advisor

Together with your MD advisor, you can decide if consolidating your student loans makes sense. You need to consider things like whether taking a line of credit to consolidate loans could restrict your access to credit in case of an emergency. There are also potential tax implications of forfeiting student loan status. And there are loan forgiveness programs that you may qualify for.

To talk to an MD Advisor or email MD Financial Management or call 1 866 243-9505.

The Medical Student and Resident Line of Credit1

We offer access to a solution that helps you fund your medical education and living expenses while keeping your debt to a minimum. Borrow up to $275,0002 by the end of residency in flexible annual increments to help you effectively manage and consolidate your debt.by the end of residency in flexible annual increments to help you effectively manage and consolidate your debt.

All-In-One Banking™ 3—Loan consolidation that works in your best interest

With All-In-One Banking™, you can combine your chequing, high-interest savings, loans and mortgages within a single line of credit banking solution that gives you greater convenience and lower interest costs.

Every time you make a deposit with All-In-One Banking, your personal debt is instantly and automatically reduced. This can dramatically lower the cost of financing major purchases such as a car or a home.

Contact an MD Advisor to see if All-In-One Banking™ is right for me. No MD Advisor? Find one in your area.

Introducing MD MedEd CounselTM

A team of MD Advisors and Early Career Specialists dedicated exclusively to medical student and residents.

Find an MD Advisor or Early Career Specialist near you.