Financing Your Medical Education
Early management of educational loans and finance has significant long-term benefits. Your school's financial aid office is the best starting place for resources, help with applications, information on financial aid and other funding options, and financial aid awarding policies and procedures.
Featured Resources
Medloans® Organizer and Calculator | Cost of a Medical Education |
FIRST for Medical Education | Education Debt Manager |
Fee Assistance Program (FAP) | Tuition and Student Fees Reports |
Sources of Financial Support
Income-Based Repayment (IBR) and Public Service Loan Forgiveness
IBR can help borrowers keep their federal student loan payments affordable with payment caps based on income and family size. Public Service Loan Forgiveness forgives remaining debt for federal student loan borrowers after 10 years of eligible employment and who qualifying loan payments.
Loan Repayment/Forgiveness Scholarship Programs
State and federal repayment programs, and loan and scholarship programs available to allopathic medicine and other health professions students.
Herbert W. Nickens Medical Student Scholarships
This AAMC scholarship recognizes outstanding academic achievement of medical students entering their third year.
National Medical Fellowships
Improving the health of low-income and minority communities by increasing the representation of minority physicians, educators, researchers, policymakers, and health care administrators in the United States.
Opportunities in the Military
Recommended Reading
- FIRST Fact Sheets
- The Types of Medical School Financial Aid
- Medical Student Education: Cost, Debt, and Resident Stipend Facts
- Education Debt Manager
For Residents
- FIRST for Residents
- Loan Consolidation Primer
- The Laymans Guide to Education Debt Management for Residents
Medloans® Organizer and Calculator
Organize and track your loans, then view sample repayment scenarios with the Medloans® Organizer & Calculator, the only web tool of its kind specifically developed for medical students.