Financial Aid/Debt Management

• Review these articles to learn about the financial aid process,and paying for medical school.
• All About Loans: https://students-residents.aamc.org/financial-aid/all-about-loans
• Budget Worksheet for Students: https://students-residents.aamc.org/media/5131/download
• Financial Aid Resources: https://students-residents.aamc.org/financial-aid-resources/financial-aid-resources
• FIRST Resources Videos https://students-residents.aamc.org/financial-aid-resources/first-resources
• The Saving on a Valuable Education (SAVE) Plan is the newest income-driven repayment (IDR) plan. Like other IDR plans, the SAVE Plan calculates your monthly payment amount based on your income and family size. In addition, the SAVE Plan has unique benefits that will lower payments for many borrowers. The new SAVE Plan: Read more about the plan at https://studentaid.gov/announcements-events/save-plan
• Loan Forgiveness, Loan Repayment Assistance Programs, and Scholarships https://students-residents.aamc.org/financial-aid/loan-forgiveness-loan-repayment-assistance-programs-and-scholarships
• FIRST (Financial Information, Resources, Services, and Tools) https://students-residents.aamc.org/financial-aid/financing-medical-school
• Watch recorded FIRST webinars about financial topics important to premedical students, current medical students, and residents. FIRST recorded Webinars: https://students-residents.aamc.org/first/recorded-webinars

OCTOBER 2023 Medical Student Education: Debt, Costs, and Loan Repayment Fact Card for the Class of 2023

FIRST Financial Information, Resources, Services, and Tools