MMA Partners with Credible to Ease Student Debt
[MMA News Now, Jan. 7, 2016] In an effort to help its medical student members refinance their student loans, the MMA is partnering with Credible, a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted partners.
According to the Federal Reserve Bank of New York, 73 percent of physicians under the age of 40 have medical education debt, and for more than half of them the amount owed is between $150,000 and $200,000. Credible works to help the average physician save more than $40,000 in student loan payments.
“Doctors graduate with some of the highest student loan debt of any professional field,” said Stephen Dash, Credible’s founder and CEO. “Credible is thrilled to partner with the MMA to enable its members to alleviate some of their student loan burden through simplifying the student loan management and refinancing process.”
Credible enables borrowers to receive and compare offers from multiple student loan refinancing lenders by filling out a single form. As part of its relationship with the MMA, Credible will also provide educational materials about student loan management including webinars and resource guides to MMA members. This material will be available soon. Watch for future issues of MMA News Now for details.
“We’re excited to now provide MMA members the opportunity to alleviate some of their student debt burden through our partnership with Credible,” said George Lohmer, MMA’s CFO. “Student loan debt repayment is a major concern for many of our members and Credible’s unique platform and offerings will enable them to do that more effectively.”