Managing Your Finances During Residency

Get answers to your questions about the cost of applying to residency. Additional resources include advice on how you can manage your student loan debt and determine which loan repayment option is best for you during residency.

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The Cost of Applying for Medical Residency

While the costs associated with securing a residency may be a relatively minor part of your medical education expenses, they can add up quickly and student loans may not cover these costs.

Residency and Relocation Loans -- To Borrow or Not to Borrow

Fourth-year medical students may encounter expenses not included in the standard student budget, and they may choose to apply for a residency and relocation loan to cover some of those expenses. 

2017 Education Debt Manager (EDM) for Graduating Medical School Students

Use the Education Debt Manager to learn about commonsense strategies for managing student loan debt and repayment after graduating from medical school.

Handling Finances During Residency

These resources can help you manage your student loan debt and determine which loan repayment option is best for you during residency. Find additional FIRST resources, including videos, fact sheets, and articles on the Financial Aid page.

Apply Smart for Residency

Applying to residency is a complex and time-consuming process. Learn how to gauge your strengths and level of competitiveness to apply strategically and improve your chances of a successful match.

Advisors: Advise Smart

Login to Careers in Medicine to view key resources for your students.

Program Directors: Select Smart

Find PDWS software support, resources for you and your students, important dates and a timeline, as well as ERAS news and announcements.