Stress-Free Graduate Loans for Medical & Health Professionals
You’ve already done the hard work of getting into your dream program. Now, let ELFI help you cover the cost. Our EdMed graduate student loan is designed for the realities and timelines of medical and healthcare students. Apply once, and you could qualify for up to 100% cost of attendance for the entire length of your program.
Be the first to know about this exciting student loan option, which will soon begin accepting applications for the 2026-2027 academic year.
Explore Student Loans Designed for Your Specialty
Medical School Loans
For students pursuing careers in medicine through MD, DO, or DPM degrees, EdMed can provide a simple pathway into your future practice.
Dental School Loans
Future oral healthcare professionals, earning either DDS or DMD degrees, can benefit from EdMed’s flexible income and cosigner requirements.
Veterinary School Loans
EdMed can help DVM students undergo the clinical experience to provide critical care through small and large veterinary and other specialist practices.
Nursing School Loans
Pursuing new levels of skill and systems management with an MSN or DNP degree? EdMed has flexible features to help you advance in your leadership.
Pharmacy School Loans
With EdMed, PharmD students can explore a variety of careers on the front lines of medication research, development, and management.
Optometry School Loans
Students in OD degree programs are preparing to meet the rising need for eye healthcare, and EdMed can help cover costs at competitive rates.
FOCUS ON YOUR FUTURE, NOT MANAGING LOANS
Built-In Student Loan Benefits That Respect Your Time
Cover Up to 100% Cost of Attendance
After federal aid, scholarships, and other funding, an EdMed student loan can bridge the gap that remains in your education costs.
Residency & Fellowship Deferment Options
Delay full principal and interest repayment until you’ve completed your training, up to 96 months total.(2)
Multi-Year Loan Approval Options
No need to set reminders to renew your student loans. Receive approval for the duration of your program from a single application.(1)
Flexible Income or Cosigner Requirements
Enjoy fewer eligibility restrictions for credit and cosigners, including waived income approval(3) and cosigner release.
FAST, EASY, AND FEE-FREE ONLINE APPLICATION
We Help Make the Process Painless
Prequalify
See your estimated rates within minutes without impacting your credit score.
Apply
Select a plan with the rates and terms that fit your needs, and be paired with a Student Loan Advisor upon applying.
Upload & Sign
Be guided through an easy upload process for any required documents, then sign electronically.
Match Our Repayment Options to Your Training Timeline
Immediate Repayment
Best for borrowers who want to start repaying their loan right away, with monthly principal and interest payments beginning while still in school.
More Details
- The loan term starts upon disbursement of funds to the school.
- Make monthly principal and interest payments while attending school.
- Full monthly payments of interest and principal will begin 30 to 60 days following disbursement.
Interest-Only Repayment
Repayment plan for borrowers who prefer to pay only the interest while in school, with full monthly payments starting after the 9-month grace period.(5)
More Details
- Make monthly interest payments on the loan while attending school.
- If you do not enter Residency Deferment following graduation, continue monthly interest payments during the 9-month grace period.
- If you enter Residency Deferment following graduation, continue monthly interest payments (or $25, whichever is greater) during Residency Deferment and the 9-month grace period.
- Full monthly payments of interest and principal will begin 30 to 60 days upon completion of the grace period.
Fixed Repayment
Ideal for borrowers who want to make small, manageable monthly payments of $25 while in school and during the grace period, with full monthly payments starting after this period.(4)
More Details
- Make $25 monthly payments while attending school.
- Continue $25 monthly payments during Residency Deferment and the 9-month grace period.
- Full monthly payment of interest and principal will begin 30 to 60 days upon completion of the grace period.
Deferred Repayment
Best for borrowers who prefer to delay all monthly payments while in school.(6)
More Details
- No monthly payments required while in school
- If you do not enter Residency Deferment following graduation, monthly payments remain fully-deferred during the 9-month grace period.
- If you enter Residency Deferment following graduation, make $25 monthly payments during Residency Deferment and your 9-month grace period.
- Full monthly payments of interest and principal will begin 30 to 60 days upon completion of the grace period.
MEDICAL STUDENT LOANS CAN FEEL COMPLICATED
At ELFI, We Put It in Simple Terms
At ELFI, we want you to feel confident about taking on the expense that comes with the next step in your professional training. When you apply for an EdMed loan, you’ll be paired one-on-one with a Student Loan Advisor to support you through the entire process from start to finish. They’re even available by phone, text, or email, to help answer any questions you might have along the way.
Excellent Customer Experiences
Rated 4.9 out of 5 on TrustPilot
When you combine personalized service, an easy application with no fees, and flexible loan options, you get 5-star customer experiences.
GRADUATE STUDENT LOANS ARE CHANGING
The Gaps in Federal Financial Aid for Medical Students Are Widening
In the last year alone, we’ve seen changes to federal financial aid limit loans at every stage of education, putting stricter caps on borrowing for students and their families. And we know what impact this may have on rising medical and healthcare graduate students, whose financial realities are set by some of the most expensive training in the country.
MEDICAL STUDENT LOANS MADE SIMPLE
Introducing EdMed, from ELFI
ELFI has a proven track record of supporting students responsibly finance their education and maximize repayment strategies. In response to the growing need for graduate funding, we created EdMed to better support the unique needs of future healthcare professionals while continuing our commitment to accessible, student-focused lending.
We Understand the Financial Needs of Medical and Healthcare Students
A graduate-level education for physicians and healthcare professionals — including degree programs for doctors, dentists, veterinarians, pharmacists, and optometrists, as well as advanced nursing degrees — is undeniably ambitious. After all, you’re in training to provide critical care when it matters most. The price tag of this training, however, is also undeniably expensive.
Most students rely on a combination of funding sources to make it possible, including education savings accounts, financial aid, scholarships, grants, fellowships, assistantships, and student loans. If you’re relying on federal student loans to fund what savings and gift aid doesn’t cover of your training, you may hit a limit: federal borrowing caps have recently been decreased, meaning that you may not be able to borrow all that you need for tuition, housing, and other education-related expenses for the entirety of your program. Private student loans are designed to be that stop gap for you, providing a bridge between you, graduation, and beyond.
With EdMed private student loans, unlock benefits that can help ease the road to becoming a clinician: borrow up to 100% of the cost of attendance, enjoy a 9-month grace period, apply for deferment during residency, and more. Learn more about how EdMed is made for your specialty by exploring the programs we support:
Medical Students
Medical school requires years of rigorous coursework, clinical rotations, and preparation for residency. Along the way, students often face high tuition, exam costs, and living expenses during demanding training schedules. As a supplement to federal aid, scholarships, and personal resources, consider private student loans for medical school, which can help bridge the gap in costs and help you focus on developing your practice. See how EdMed’s student loan features can benefit MD, DO, and DPM students.
Dental Students
Dental students often face some of the highest education costs among healthcare programs, with expenses that can include specialized instruments, lab materials, and clinical training requirements, in addition to tuition and living costs. Managing these expenses throughout dental school often requires multiple funding sources, once DDS and DMD students hit federal borrowing limits. Private student loans like EdMed can provide additional financing when other resources fall short of covering the full cost of your dental program.
Veterinary Students
Veterinary school involves years of intensive study, clinical training, and hands-on experience caring for animals in a wide range of settings. As students prepare for careers in veterinary medicine, research, or animal care, expenses like tuition, equipment, and housing during a vet program can add up quickly. Private student loans can help, covering remaining educational expenses for DVM students; and with EdMed from ELFI, enjoy features to help you financially transition out of training and into practice.
Nursing Students
Advanced nursing programs like MSN and DPN degrees help prepare students for specialized roles in patient care, healthcare leadership, and systems administration. Many nursing students balance demanding coursework, clinical rotations, and professional responsibilities while working toward their degrees. That’s where private student loans come in, providing another source of financial assistance to help fully cover tuition and education costs. See how EdMed can support critical nursing staff in training.
Pharmacy Students
Your career in medicinal research, development, and administration starts in pharmacy school, where students engage in intensive classroom and lab-based learning as well as hands-on professional training. The cost of tuition, licensing exams, and living expenses during this years-long program can make financing a PharmD challenging for many students. Private student loans, like EdMed from ELFI, are another option for pharmacy students when federal aid and other resources aren’t enough.
Optometry Students
Optometry programs require years of student in vision science, clinical care, and patient diagnostics as students prepare to become licensed eye-care professionals. That’s why it’s important to have a reliable funding plan for covering the expense, including tuition, equipment, and other clinical training expenses, which can add up over the course of an OD program. See how private student loans like EdMed can help fill funding gaps when federal aid and other financial resources don’t fully cover the cost of optometry school.
Frequently Asked Questions About EdMed from ELFI
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Sign up to be among the first to hear from us when EdMed applications become available for the 2026-2027 academic year.
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