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Financing Your Medical Education

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Are you worried about paying for medical school? The AAMC's Fee Assistance Program helps applicants save up to $2,000 during the application process and our FIRST (Financial Information, Resources, Services, and Tools) program supports students with financial aid resources.

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Premed Journey: Planning your Future

The AAMC is dedicated to supporting all students on their journey to medical school and beyond. Learn more from our programs below on how you can best finance yourself through your medical education.

Fee Assistance Program

The AAMC Fee Assistance Program assists those who, without financial assistance, would be unable to apply to medical schools.

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FIRST

AAMC's FIRST (Financial Information, Resources, Services, and Tools) program provides financial guidance along your journey to medical school.

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What is the AAMC Fee Assistance Program? 

The AAMC Fee Assistance program assists those who, without financial assistance, would be unable to access the Medical School Admissions Requirements™ (MSAR®) online-database of each medical schools' profile, take the Medical College Admission Test® (MCAT®), and apply to medical schools that use the American Medical College Application Service® (AMCAS®).

Where Can I Learn More?

Check out our Fee Assistance Program Overview resource to learn more about the Fee Assistance Program benefits, eligibility, application process, and more.

What Other Resources Can I Find From the Fee Assistance Program?

2021 Fee Assistance Program Essentials

Understanding the 2020 Fee Assistance Program Essentials is the first step in applying. This is required reading before completing your AAMC Fee Assistance Program application and necessary for a smooth application process.

Eligibility

Learn the eligibility requirements for the Fee Assistance Program, including citizenship status, parental information, award limits, and benefits.

Benefits

The benefits of the Fee Assistance Program include discounted fees, complimentary access to the MSAR online database, free MCAT Official Prep products, and more.

What You Need to Apply

The Fee Assistance Program application asks for general information and financial information about you, your spouse (if applicable), and all of your living parents.

What is FIRST?

The AAMC FIRST program offers guidance, tips, resources, services, and more to help you make your dream of becoming a physician a reality without having to stress over the cost of going to medical school. 

Where Can I Learn More?

Check out our Six Financial Tips for Premed Students card to learn how you can prepare for the cost of applying to and attending medical school.

What Other Resources Can I Find From FIRST?

Ten Tips for Managing Your Money During Medical School

Check out this fact sheet to learn more about how you can start managing your money early.

Paying for Medical School

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

MedLoans® Organizer and Calculator

The MedLoans® Organizer and Calculator was developed to assist medical students and residents with managing their education debt.

AAMC Financial Wellness

Access free financial calculators, articles, and videos to help you create a budget, track your spending, create financial goals, and enhance your financial knowledge about credit, financial planning, money management, and more!

Education Debt Manager (EDM) for Matriculating and Graduating Medical School Students

This comprehensive financial guide helps professionals at all levels of the medical education continuum navigate the complexities of financing medical school by borrowing wisely and repaying student loan debt responsibly.

FIRST Financial Aid Fact Sheets

Read these short articles about common financial aid topics important to pre-med students, current students, and residents.

Budgeting

Utilize this budgeting worksheet to help with money management throughout medical school.

Loan Repayment Options

It's beneficial to know what loan repayment options you will have before graduating medical school. 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.

Managing Your Finances During Medical School

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.

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