According to new AAMC data, 71% of medical school graduates in the class of 2022 reported having education debt; their median debt was $200.000. Here are 7 ways to cut costs, manage expenses, and repay loans:
- Lower your upfront costs during the application process
- Search for financial aid
- Improve your financial literacy
- Enter an income-driven repayment program
- Consider a loan forgiveness program
- Make a plan and stick with it
- Take advantage of educational advice and resources
Find out more about reducing debt from AAMCNews and from the AAMC’s FIRST program.
Do you have any other resources or advice that you share with students?
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Penny Schnarrs she/her
Director of Community Relations and Strategy
Association of American Medical Colleges
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