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Financial Aid Resources

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The AAMC's FIRST (Financial Information, Resources, Services, and Tools) program provides free resources to help you make wise financial decisions. Whether you’re thinking about how to afford medical school, applying for student loans, or determining your loan repayment options, you’ll find unbiased, reliable guidance from FIRST.

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  • All
  • Premeds
  • Medical Students
  • Residents
  • All
  • Credit
  • Data, Debt, and Salary
  • Debt Management
  • FIRST Publication
  • Loans
  • Loan Consolidation
  • Loan Forgiveness
  • Loan Repayment
  • Managing Money
  • School Tuition and Fees
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Saving Money in Medical School 101

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

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FIRST Videos and Webinars

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.

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Public Service Loan Forgiveness (PSLF)

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.

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FIRST Friday Webinars

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

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The Cost of Applying to Medical School

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.

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The AAMC Financial Wellness Program

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.

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Top 10 Questions Premeds Should Ask Medical School Financial Aid Officers

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.

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FIRST (Financial Information, Resources, Services, and Tools)

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. 

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Learn about financial aid options for financing medical school and making it affordable.

Paying for Medical School

Learn about financial aid options for financing medical school and making it affordable.

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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.

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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These resources can help you manage your student loan debt and determine which loan repayment option is best for you during residency

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.

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How Much Does It Cost to Attend Medical School? Here’s a Breakdown

by Kumail Hussain, MS, MD Candidate, Rosalind Franklin University

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Loan Repayment Options

With medical school behind you, you’re certainly due for congratulations. But that’s not all that’s due – loan payback time is just around the corner – either beginning now or when residency is over. Fortunately, when it’s time to repay, you have flexibility in structuring your repayment schedule by choosing the plan that works best for you.

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FIRST Financial Aid Fact Sheets

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.

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Chart with MLOC

MedLoans® Organizer and Calculator (MLOC)

The MedLoans® Organizer and Calculator was developed to assist medical students and residents with managing their education debt. The MLOC provides a secure location to organize and track student loans while also displaying possible repayment plans and costs based on the borrower’s student loan debt.  

 

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