Financing Your Education

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Attending professional school is expensive but there are many options available for financing your education. Student loans are often the reality for most students, however you can also explore loan forgiveness or loan repayment options for providing medical service for a particular organization, employer or program.

Medical School Statistics

  • 40% of graduating medical students participate in a program that would provide debt forgiveness in exchange for service (2015)
  • Median amount of debt: $200,000 (2018 class)
  • Median 4-year cost of attendance: $250,222 for public school and $330,180 for private school (2019 class)

*Source: Paying for Medical School, Association of American Medical Colleges

Sample Loan/Debt Forgiveness Programs

  • Department of Education's Public Service Loan Forgivness (PSLF)
  • National Health Service Corps
  • Indian Health Service Corps
  • Armed Services (Navy, Army, Air Force, Coast Guard, National Guard)
  • National Prevention Services (Centers for Disease Control, Department of Health and Human Services)
  • State and private loan forgiveness programs
  • Hospital programs

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