Learn about financial aid options for financing medical school and making it affordable.
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. Below is a list of 10 questions to help you get a conversation started with the financial aid office professionals at the medical schools you are considering attending.
If you want to be a doctor or physician-scientist, they are good career choices, both socially and financially. Although medical school may be expensive, there are options available for financing your education.
Before you are accepted to medical school, you will have some admissions-related costs to plan for, including the AMCAS® application service and the MCAT® exam.
Direct Loans are federal education loans with fixed interest rates and flexible repayment terms. Borrowers should consider maximizing Direct Loan options before borrowing other loans with higher interest rates, fees and/or possibly more stringent terms and conditions. Direct Loans are available to student borrowers through the federal government.
As a nontraditional student, you may have additional choices and details to consider prior to starting medical school; however, there are resources to help you with these decisions along the way.
An aid offer is an official notification from a school where you have been accepted. It outlines the financial aid you are eligible to receive at that medical school. Understanding your financial aid offer can be a little confusing, but the following information can help you.
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.