Tomorrow's Doctors Home : Financing Your Medical Education

Early management of educational loans and finance has significant long-term benefits. A school's financial aid office is the best starting place for resources, help with applications, aid/funding options, and financial aid awarding policies and procedures. The AAMC also has several financial resources available:

• MD² - Monetary Decisions for Medical Doctors: A comprehensive program to assist premedical and medical students in planning for the financial aspects of their medical education.

• Financial Education and Wellness (FEW) provides the evaluative tools to make financial decisions compatible with students' goals and financial philosophy.

• Medical School Admission Requirements (MSAR): A guide to premedical preparation, application procedures, admission requirements, financial aid programs and estimated expenses for U.S. and Canadian medical schools.

• The MEDLOANS comprehensive loan program offers students at AAMC member and osteopathic medical schools: Federal Stafford, ALP (for costs above a Stafford loan), MEDEX (fourth/final year residency interview travel and relocation funding,) and MEDLOANS Consolidation.

• DEBTHELP: Educational Debt Management Services for Residents is designed for residents, financial aid officers and GME staff counseling students about loans.

• AAMC Loan Consolidation Primer: A primer to help borrowers determine if they should pursue loan consolidation.

• The Layman's Guide to Educational Debt Management: A resource specifically designed to help residents manage their student loans.

AAMC Related Resources:

• State Loan Repayment Programs
• Student Tuition and Fees Reports
• Financial Aid Forms Required by Medical Schools
• Other Loan Programs
• MONEYMATTERS listserv
• Cost, Debt and Resident Stipend Facts
• Economic Hardship Deferment Worksheet
• Careers in Medicine
• Glossary of Financial Terms

Calculators

• Economic Hardship Deferment Calculator
• Loan Consolidation Calculator