The Cost of Applying for a Medical Residency

While the costs associated with securing a residency may be a relatively minor part of your medical education expenses, they can add up quickly. Since these fees may not be covered by student loans, it is important to try and keep these costs under control.

The Electronic Residency Application Service (ERAS®) streamlines the residency application process for applicants, their Designated Dean's Offices, Letter of Recommendation (LoR) authors and program directors. By providing applicants the ability to build and deliver their application and supporting materials individually or as a package to programs, ERAS provides a centralized, but flexible solution to the residency application and documents distribution process.

MyERAS, for applicants, in which students complete their applications, select programs, assign supporting documents, and submit their materials to their selected programs. For additional details, including application process guidelines and a list of participating programs and specialties, please visit ERAS.

Fees for ERAS Residency Applications

ERAS application fees are based on the number of programs applied to per specialty. MyERAS automatically calculates your fees and you can pay online using Visa or MasterCard.

Programs Per Specialty Application Fees
Up to 10 $99
11-20 $13 each
21-30 $17 each
31 or more $26 each

Example 1

30 Emergency Medicine programs [$99.00 + (10 x $13.00) + (10 x $17.00)] = $399.00

Example 2

20 OB/GYN programs [$99.00 + (10 X $13.00)] + 10 Family Practice programs [$99.00] = $328.00

Additional Fees

USMLE Transcript - $80 (assessed once per season)

COMLEX-USA Transcript - $80 (assessed once per season)

Interview-Related Costs

Most of the costs related to securing a residency will no doubt be associated with interviewing. In addition to travel and accommodations, there are incidental expenses for which you must budget—everything from the cost of cabs, to your attire and meals. If you need a loan to assist with these expenses, check with your Financial Aid Office to see what options may be available to you.

There are ways to save money with some of these expenses. For example:

  • While traveling, keep your meal selections frugal.
  • If you need to purchase new interview attire, try to keep expenditures modest.
  • Research the city/location you'll be visiting to help budget transportation costs from the airport or hotel to the hospital site.
  • Check to see if shuttle services are available that can help mitigate the cost of an expensive cab ride.
  • If possible, try to coordinate accommodations with other medical students, sleep in residents' quarters, or stay in the homes of those who graduated from your medical school and now live in the area. Check with the AMA Alliance for assistance. They can help students cut down on interviewing costs, provides an opportunity to get to know the community surrounding a potential residency program, and introduce students to the local medical society and alliance. As you plan your budget for this stage of your medical education, keep in mind travel and lodging costs to sit for the USMLE Step II Clinical Skills Exam.

National Resident Matching Program (NRMP®)

The NRMP®, is a private, not-for-profit organization that matches medical school students and graduates to graduate medical education (GME) training programs in the United States. The standard registration fee for the Main Residency Match allows for the submission of up to 20 ranked programs on the primary list and access to data and reports. You can review the fee structure and current schedule of dates for NRMP Matches as well as learn how the matching algorithm works, and more by visiting the NRMP website.

Travel Tips: Visit SmartMedTravel.com. This is a site developed by two recent medical school graduates in response to travel costs related to the interview process. While the AAMC does not endorse this site, you may find the information helpful.

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

MedLoans® Organizer and Calculator (MLOC)

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AAMC
Financial Information, Resources, Services, and Tools (FIRST)
655 K Street, NW, Suite 100
Washington, DC 20001-2399