Medical Student Education: Debt, Costs, and Loan Repayment Fact Card - Association of American Medical Colleges

The Medical Student Education: Debt, Costs, and Loan Repayment Fact Card by the Association of American Medical Colleges provides information on the debt, costs, and loan repayment options for medical students in the United States. It aims to help medical students understand the financial aspects of their education and provide insights into managing their student loans.

The Medical Student Education: Debt, Costs, and Loan Repayment Fact Card is filed by the Association of American Medical Colleges (AAMC).

FAQ

Q: What is the Association of American Medical Colleges (AAMC)?
A: The Association of American Medical Colleges (AAMC) is a nonprofit organization that represents medical schools and teaching hospitals in the United States.

Q: What is the purpose of the fact card?
A: The fact card provides information about the debt, costs, and loan repayment for medical students.

Q: What does the fact card cover?
A: The fact card covers topics such as average medical student debt, tuition and fees, and loan repayment options.

Q: What is the average debt of medical students?
A: The average debt of medical students is over $200,000.

Q: How much do medical students pay in tuition and fees?
A: The average tuition and fees for medical students is over $40,000 per year for in-state students at public institutions and over $60,000 per year for out-of-state students and private institutions.

Q: What are the loan repayment options for medical students?
A: Loan repayment options for medical students include income-driven repayment plans, loan forgiveness programs, and loan repayment assistance programs.

Q: What is an income-driven repayment plan?
A: An income-driven repayment plan is a loan repayment option that calculates your monthly payment based on your income and family size, and forgives any remaining balance after a certain number of years of qualifying payments.

Q: What are loan forgiveness programs for medical students?
A: Loan forgiveness programs for medical students provide partial or full forgiveness of student loan debt in exchange for working in a designated underserved area or for a qualifying employer.

Q: What are loan repayment assistance programs?
A: Loan repayment assistance programs provide financial assistance to medical professionals who work in eligible underserved areas or serve a specific population in need.