Getting Ready for Graduation
Use this checklist as you prepare to graduate from medical school.
- Find your federal loan information.
- Check your credit report.
- Complete required federal “Exit Counseling” on the Federal Student Aid (FSA) website and any other school requirements for graduating students.
- Evaluate postponement and repayment options.
- Determine your loan repayment goals.
- Create a loan repayment strategy based upon your financial goals.
- Develop a residency budget based on your PGY-1 stipend.
- Use the AAMC Financial Wellness program to learn about insurance, saving and investing, taxes, etc.
- Determine if a Direct Consolidation Loan is right for you.
- Explore loan forgiveness and loan repayment assistance programs.
- Set up a meeting with financial aid to discuss any questions or concerns you may have about loan repayment.
Resources
- Find the Details of Your Federal Loans
- Obtain Your Free Credit Report
- Federal Student Aid Exit Counseling
- Postponing Loan Repayment: Grace, Deferment, and Forbearance
- Repayment Plans for Federal Student Loans
- Living on a Resident Budget
- AAMC Financial Wellness Program
- Direct Consolidation Loan
- Loan Forgiveness, Scholarships and Service Programs
- AAMC Loan Repayment/Forgiveness/Scholarship and Other Programs Database