Managing Your Finances During Medical School
Review strategies for managing your financial aid and daily finances while you’re in school, so that you can make the best financial decisions that will help you during and after medical school. Additional FIRST resources including videos, fact sheets, and articles can be found on the Financial Aid page.
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7 Ways To Reduce Medical School Debt
Often-overlooked loan repayment programs. Smart budgeting strategies. Fee assistance programs. Young doctors have many resources as they embark on a medical career.
The FIRST (Financial Information, Resources, Services, and Tools) program can help you make a smooth, successful, and informed transition to medical school. This is probably one of the biggest financial and personal investments of your life. Utilize the resources available to make wise and...
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Utilize this budgeting worksheet to help with money management throughout medical school.
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Money Management for Entering Medical School Students
This video explains a common sense approach to borrowing wisely during medical school. Also detailed is information about student loan repayment options and strategies and tips for managing financial obligations during medical school.
The biggest cost of the residency process will likely be the cost of interviewing, so its important to develop a strategy for managing these costs.
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Money will probably be tight during medical school and residency. That’s why a realistic spending plan (budget) – one you can stick to – will be critical to your financial well-being during this time.
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Many people need a roommate to make ends meet. After all, what could be better than having someone pay half of your bills?
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Occasionally unforeseen emergencies occur that can affect your finances, and your eligibility for financial aid. Under certain circumstances, financial aid administrators have the authority to adjust your financial aid eligibility.
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Though the costs associated with applying for a residency position will be a minor portion of the total cost of your medical education, they can still add up. Because application fees are not always covered by student loans, it is important to develop a plan early on for how you will manage...
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Search More Financial Aid Resources
If you need to figure out how to balance your budget and stay on top of your student loans, the AAMC's FIRST program has unbiased, reliable information to help you.