Financial Aid Resources

Discover loan forgiveness, scholarships, and loan repayment assistance programs like the National Health Service Corps (NHSC), Indian Health Service (IHS), Public Service Loan Forgiveness (PSLF), the military, and other state and federal programs.

Federal loan repayment and scholarship programs exist to help students offset the costs of medical school. Veterans Affairs (VA) provides repayment assistance and scholarship opportunities through its Specialty Education Loan Repayment Program (SELRP) and Health Professions Scholarship Program (HPSP). 

Watch videos and webinars to learn about financing medical school, general money management, repaying student loans, and more.

Determine questions to ask yourself, review strategies and actions you may want to implement, obtain information to manage your student loans, and understand where to turn for additional support and resources after the Match.

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.  

Some college graduates consider a postbaccalaureate premedical program or coursework to be a stronger, more qualified medical school applicant. When researching these programs, make sure to consider any financial implications that may impact your present and future situation.

Medical school is expensive. Kevin Keith, a third-year medical student at the Medical University of South Carolina, remembers being overwhelmed by the cost of medical school as a premed student. Now well into his medical education, he has come to realize that paying for medical school is manageable. To help you identify loans, budget wisely, and even find scholarships and grants, Kevin shares five tips he wishes he would’ve known as a pre-med.

A current medical student shares tips on how to save money while in medical school  

By Kumail Hussain, MD Candidate, Rosalind Franklin University

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

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.

Credit—buying something now and paying for it later—carries with it many rewards when handled responsibly. Learn what credit is, the benefits you may enjoy by having access to credit, and how to manage your creditworthiness.

Living on a budget as a medical student or resident is an essential step for minimizing the debt you’ll face upon entering repayment. Try to think of a budget the same way you’d think about maintaining a healthy diet: make sensible, responsible choices and you’ll reap the benefits. Following are some tips and ideas to save money and/or time.

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.

Federal financial aid programs are critically important to helping ensure medical school remains affordable for all students.

Talking about finances — let alone thinking about them — is never a particularly fun conversation to have. However, learning to budget and manage your finances now will serve you well once you are a medical student. Get a snapshot of money management and the free resources available to you to get you started.