Guide to Money Management and Student Loans

Estimated Read time: 1 hour 10 minutes

There are many important concepts to know about money management and borrowing student loans. The information found in this guide will help you establish a strong financial foundation as well as help you navigate the borrowing process at specific points in your medical education.

The Entering Medical School chapter contains information about:

  • Applying for financial aid.
  • Understanding your aid offer.
  • Managing undergraduate loans.
  • Understanding cost of attendance.
  • Borrowing and budgeting wisely.

The Continuing Your Medical Education chapter includes the following topics:

  • Budgeting based on your school’s cost of attendance.
  • Understanding borrowing options and loans.
  • Managing money.

The Graduating Medical School chapter provides information about:

  • Financially preparing for residency. 
  • Loan repayment options. 
  • Loan forgiveness and loan repayment assistance programs.
  • Steps to take after graduation.

We encourage you to review the guide in conjunction with: