Financial Aid Resources

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

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.

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.

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. 

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

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.

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.

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

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.

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.

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.