Financial Aid Resources

Watch videos and webinars to learn about paying for medical school, repaying student loans, and more.

Video and webinar topics include: paying for medical school, money management, cost of residency interviews, postponing loan repayment, selecting a student loan repayment plan, managing your loans during residency, and much more.

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.

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 these expenses.

If you aspire to work in the public service sector, you’ll find that the reward is not only emotional – but possibly monetary as well. That’s because the College Cost Reduction and Access Act of 2007 established a program that forgives some federal student loans under certain circumstances.

Managing federal student loan payments during residency can be difficult, but income-driven repayment plans may offer more manageable payment amounts that could also count towards Public Service Loan Forgiveness (PSLF).

Disability insurance offers financial protection for future income if you experience a disabling sickness or injury. This may be particularly important for physicians who are unable to work in their chosen specialty.

Read these short articles about common financial aid topics important to pre-med students, current students, and residents. For a printer-friendly version of a fact sheet, please contact FIRST.

While you are looking forward to this next step in your medical career, you may also be experiencing mixed feelings of excitement as well as trepidation about the decisions that you must make in a short period of time. The following suggestions are provided to help you address important issues and to help you transition from medical school to residency.

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.

A current medical student shares tips on how to save money while in medical school. By Kumail Hussain

Watch more previously recorded FIRST Friday Webinars to learn about managing your loans during residency, repaying student loans, improving credit, and more.

Before you’re accepted to medical school, you’ll have some admissions-related costs to plan for, including the AMCAS® application service and the MCAT® exam.

Managing money is something we all must do. Some people are better prepared and/or more experienced than others; however, improving your skills and learning new tips are part of an on-going financial journey.

Attending medical school is expensive and most medical students will need to borrow federal student loans to cover their medical school’s cost of attendance.

Whether you’re thinking about how to pay for medical school, manage your finances during medical school, or determine your loan repayment options after medical school, with AAMC's FIRST program you’ll find unbiased, reliable guidance along your pathway to medical school and beyond.