CHICAGO--(BUSINESS WIRE)--The American Dental Association (ADA) today announced an exclusive endorsement of DRB (Darien Rowayton Bank), a leader and the fastest marketplace lender to $1 billion in student loan refinancing originations. The endorsement allows ADA member dentists the opportunity to refinance existing federal and private undergraduate and graduate school loans at a lower rate to save tens of thousands of dollars, on average.
Weve listened carefully to our members, particularly those in the early stages of their dental careers, and many have indicated that paying off student loan http://hoytsghe.buzznet.com/photos/default/?id=68755182 debt is one of their greatest concerns, said ADA President Maxine Feinberg, DDS. By teaming up with DRB, the ADA provides our members with lower rates that translate into greater peace of mind and substantial savings at a pivotal point in their careers. This is just one of the ways that we are investing in the future of dentistry.
The ADA is committed to working with new dentists who are in the most challenging stage in their career. The DRB low rate refinance student loan, offered at both fixed and variable rates, is one of the many resources that the ADA provides to new dentists. The ADA endorsement not only gives ADA members access to one of the lowest student loan refinance lenders in the country, but the ADA has also secured from DRB preferential interest rates for its members who qualify.
We are thrilled to work with the ADA to offer its members some of the lowest student loan rates in the industry, said Gary Lieberman, Chairman of the Board at DRB. The average dentist graduates with $247,000 in student loan debt and dentists who refinance with DRB can save an average of $38,000* with a fixed-rate refinance loan. With these savings, they can focus on their patients and not on their student debt.
The endorsement is effective immediately. Only ADA member dentists are eligible for this exclusive student loan refinancing offer from DRB, and annual renewal of ADA membership is a requirement to receive the lower rates per the terms of the agreement.
About the American Dental Association
The not-for-profit ADA is the nation's largest dental association, representing 158,000 dentist members. The premier source of oral health information, the ADA has advocated for the public's health and promoted the art and science of dentistry since 1859. The ADA's state-of-the-art research facilities develop and test dental products and materials that have advanced the practice of dentistry and made the patient experience more positive. The ADA Seal of Acceptance has long been a valuable and respected guide to consumer dental care products. The monthly The Journal of the American Dental Association (JADA) is the ADA's flagship publication and the best-read scientific journal in dentistry. For more information about the ADA, visit ADA.org. For more information on oral health, including prevention, care and treatment of dental disease, visit the ADA's consumer website MouthHealthy.org.
As the fastest marketplace lender to $1 billion in industry history for student loan refinancing originations, DRB (Darien Rowayton Bank) is a leader in student lending. FDIC insured and established in 2006, DRB Student Loan has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate more than $1.0 billion in federal and private student loans, saving these borrowers thousands of dollars. For more information, visit https://student.drbank.com/ADA.
* Annual Percentage Rate (APR). Savings of $38,000 over the life of the loan assumes loan size of $247,000 with an average rate of 7.25% before refinancing and 4.75% (with EFT discount and ADA member discount) after refinancing on a 10-year fixed rate loan.