Professional Degree Student Loans

Student loans designed to meet the needs of professional students, with competitive rates start at 5.24% APR* and a multi-year line of credit** that lets you borrow what you need, when you need it.

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Eligible Degree Programs

Dentistry

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Medical

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Optometry

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Podiatry

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Veterinary

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Why Choose A Line of Credit

No need to reapply every year. One simple payment when you graduate.**

Flexible Funding

Access your credit line when education expenses arrive.

No Fees

Zero application, origination, or prepayment fees.◊◊

Cover It All

Use funds for 100% of your school-certified costs.

Repayment Options

Deferred

Make no payments until school and residency (if applicable) is completed.

Deferred

Delay payments while you’re in school and residency (if applicable).

Will incur the most interest over time.

Interest-only

Pay just the interest while in school and residency (if applicable).

Interest-only

Make partial payments that cover just the interest on your loan.

Will incur less interest over time.

Immediate

Begin interest and principal payments immediately.

Immediate

Begin making full payments as soon as your loan is disbursed.

Will incur the least interest over time.

Fixed

Pay a fixed amount during school and residency (if applicable).

Fixed

Make fixed payments as set by the lender during school and residency (if applicable).

May pay down the loan and incur less interest over time.

Your Path to Funding

From application, to document collection, and through funding – our team is here to help.

Step 1

Complete Online Application

Input your personal information & submit all documentation.

Step 2

School Certification

Your school reviews & approves the requested funding amount.

Step 3

Fund Disbursement

Funds are sent directly to the school for the requested academic term.

Step 4

Future Requests

Just access your account to request additional funds when needed.

Frequently Asked Questions

Eligibility

Eligible degree programs include: Dentistry, Medicine (MD), Osteopathic Medicine (DO), Optometry, Podiatry, Veterinary Medicine

Professional degree students who are:

  • U.S. citizens or permanent residents
  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Puerto Rico. If you are not the age of majority in your state you may qualify if you have a unique circumstance such as emancipation, or you may apply with a co-applicant who is at least the age of majority.
  • Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria.
    Should you withdraw during any term or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment.

    • For fall and spring terms, you must be enrolled at least half-time.
    • For summer term, you may be enrolled less than half-time.
  • Attending an approved school or institution. You can view eligible schools in our application before applying. Eligible schools are subject to change without notice.
  • Able to meet Affinity Plus Federal Credit Union’s standard underwriting criteria (a co-applicant may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)

You can borrow up to $300,000 for all of the listed eligible degree types.

The borrower and co-applicant (if applicable) must be a member of the credit union. To expedite funding, visit your credit union branch or website to open your membership account while we are processing your loan.

Repayment Types offered: 

  • Deferred: Make no payments until school and residency (if applicable) is completed. Will incur the most interest over time.
  • Interest-only: Pay just the interest while in school and residency (if applicable). Will incur less interest over time.
  • Immediate: Begin interest and principal payments immediately. Will incur the least interest over time.
  • Fixed: Pay a fixed amount as set by the lender during school and residency (if applicable). May pay down the loan and incur less interest over time.

Repayment Terms offered: 5, 7, 10, 15, 20, or 25 years

As a returning borrower with an existing line of credit, you do NOT need to complete an entirely new application to request additional funds. Simply request additional funds from your existing line of credit. Your school will certify the requested loan amount with the credit union.

* APR = Annual Percentage Rate.

** Subject to annual review and credit qualification. Must meet school’s Satisfactory Academic Progress (SAP) requirements.

◊ The APR will not fall below the floor rate regardless of the index or any additional rate discount.

◊◊ Late payment and non-sufficient funds fees may still apply.

^ Students can borrow from $1,000 to $300,000. Cosigner may only sign on multiple lines of credit up to $300,000.

^^ Repayment option chosen during the application continues through school and up to 7 years of residency. Annual verification required.