SAN FRANCISCO--(BUSINESS WIRE)--Credible (credible.com), the leading independent marketplace for student loan refinancing, today announces an affinity program with the American Medical Association (AMA), to be the preferred provider of student loan refinancing services.
Acting as a matchmaker between borrowers and lenders, Credible provides college graduates personalized loan refinancing options. Credible leverages the company’s novel platform to receive and compare offers from multiple lenders after filling out just a single form to help graduates save on their student loan repayments. Credible will specifically also provide educational materials about student loan management including webinars and resource guides to AMA members.
“Though college students of all concentrations are saddled with student loan debt, physicians graduate with exceptionally high debt,” said Stephen Dash, Founder and CEO of Credible. “We are excited to work with the American Medical Association, helping simplify the student loan management and refinancing process, resultantly unlocking significant savings for its members.”
73% of physicians under the age of 40 have medical education debt, and for more than half of them it is between $150,000 and $200,000.1 By using Credible and refinancing their student loans, it is estimated that the average physician will save over $40,000 in student loan payments, alleviating a significant financial burden.
“We’re thrilled at the opportunity our members have been given to leverage the power of Credible’s independent, borrower-focused service provided through our partnership,” said Brian Eaggleston, Director of the AMA Affinity Programs. “Paying back student debt is top of mind for many of our young members, and Credible’s unique platform will enable them do that effectively.”
About Credible
Credible enables college graduates to easily reduce their student loan payments. Credible provides an independent, transparent marketplace where graduates receive personalized offers from multiple lenders to refinance their student loans. More About Credible
About The American Medical Association
The American Medical Association (AMA) helps doctors help patients by uniting physicians nationwide to work on the most important professional, public health and health policy issues. The nation’s largest physician organization plays a leading role in shaping the future of medicine. More About The AMA
1 “Young Student Loan Borrowers Retreat from Housing and Auto Markets,” Liberty Street Economics, Federal Reserve Bank of New York, April 17, 2013. (libertystreeteconomics.newyorkfed.org/2013/04/young-student-loan-borrowers-retreat-from-housing-and-auto-markets.html).
