Debt Management

A medical education is a large investment and often comes with significant student loan debt. You must prepare now so that you are able to successfully manage your student loan repayment after school.
The links below provide information and tools to help you manage your finances during and after medical school.
In addition, the Association of American Medical Colleges (AAMC) has a variety of financial information and resources for medical students.  The COM OSFA strongly recommends that you use the Medloans Organizer and Calculator. It’s a great tool to track your loans now and to project repayment scenarios in the future, both during and after residency.  Watch this video for instructions on how to use the MedLoans Organizer and Calculator (MLOC).

Monitor Your Credit

You should monitor your credit, as your credit history can affect your ability to own a home and get a job. You can request a free credit report annually from each of the three major credit bureaus. Request your credit report at The free reports are part of a national program to help consumers protect their identity and personal information.
Major National Credit Reporting Agencies
PO BOX 1000 PO BOX 740241 PO BOX 2002
Chester, PA 19022 Atlanta, GA 30374 Allen, TX 75013
(800)397-3742 (800)685-1111 (888)397-3742

Loan Repayment Programs

Some service programs will repay your student loans on your behalf in exchange for a service commitment.  See the Service Awards page for more information.

Learn to Budget

To successfully repay your student loans, you must be able to budget your monthly expenses effectively.

Public Service Loan Forgiveness (PSLF) Program

  • FedLoan Servicing hosted a webinar for medical/health profession students that provided an overview of the Public Service Loan Forgiveness (PSLF) program..
    • Topics covered included
      • Eligibility requirements
      • Eligible Public Service Organizations
      • Repayment Options and Employment Certification.
  • You can listen to the webinar recording here.