The bottom line: Laurel Road, which grew out of Darien Rowayton Bank, caters to health professionals. Its loans are best for borrowers who want to refinance during their medical or dental residency.
Pros & Cons
You can refinance parent PLUS loans in your name.
Refinancing available for medical and dental residents.
You can see if you’ll qualify and what rate you’ll get without a hard credit check.
Payment postponement isn’t available if borrowers return to school.
How does this loan compare?
Laurel Road refinances federal and private student loans. It's one of a few lenders that cater to health professionals in particular by letting doctors and dentists refinance as soon as they match to a residency or fellowship.
Laurel Road was previously a division of Darien Rowayton Bank — it offered student loan refinancing under DRB branding until June 2017.
Laurel Road at a glance
Co-signer release option available.
Borrowers can refinance their parents’ PLUS loans.
No academic deferment.
How Laurel Road could improve
Laurel Road, like other five star lenders, isn't perfect. Laurel Road could improve by:
Offering more than 12 months of forbearance.
Allowing academic deferment for borrowers returning to school.
Allowing biweekly payments via autopay.
» MORE: Laurel Road personal loan review
Laurel Road student loan refinancing details
How to refinance with Laurel Road
Before deciding on a student loan refinance lender, compare multiple student loan refinance options to make sure you’re getting the best rate you qualify for. In addition to interest rates, compare lenders’ repayment options and the flexibility they offer borrowers who are struggling to make payments.
STUDENT LOANS RATINGS METHODOLOGY
NerdWallet believes the best student loan is one you can repay at the lowest interest rate you can get. That’s why NerdWallet’s student loan ratings reward lenders that offer a variety of loan terms, limit their fees and penalties, and extend borrowers multiple options to avoid default. Points are also awarded for soft credit checks, underwriting transparency and other consumer-friendly features. Use these ratings as a guide, but we encourage you to shop around for the lowest interest rate you can qualify for. NerdWallet does not receive compensation for its reviews. Read our editorial guidelines.
on Laurel Road's website