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(MD)2: Monetary Decisions for Medical Doctors
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FIRST for Medical Education
For information on consolidating your student loans, your credit score, identity theft protection, loan repayment options, budgeting, and more, visit FIRST Facts.
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(MD)2
: Monetary Decisions for Medical Doctors is a comprehensive, three-part
program developed by the AAMC to assist premedical and medical students
in their planning for the financial aspects of their medical education.
Divided into three sections The Premedical School Years, The Medical
School Years, and Residency and Early Practice Years (MD)2
provides practical and comprehensive information specifically tailored
to students throughout their medical education. This online resource contains
information about making a successful transition to medical school, credit
and consumer debt, types of financial aid, the financial aid application
process, and relevant reference materials.
Phase I — The Premedical Years
The basic information in this section includes advice on the types
of loans available, where to get information, and how to develop a positive
financial strategy.
- Additional Resource:
Financial Aid Presentation for Non-Financial Aid Professionals
"Phase I: Strategies for Making a Successful Financial Transition
to Medical School"
PowerPoint Presentation (10 slides) | Speaker's
Notes (PDF, 6 pages)
Phase II — The Medical School Years
Good advice, and a few common sense tips will help you control your
educational debt. This section will help you identify those best equipped
to advise you and will teach you some basic debt management skills.
- Additional Resource:
Financial Aid Presentation for Non-Financial Aid Professionals
"Phase II The Medical School Years"
PowerPoint Presentation (11 slides) | Speaker's
Notes (PDF, 5 pages)
Phase III — Residency and Early Practice
With a little planning, the change of status of your loans when you
enter residency can be seamless. This section provides excellent tools
and management tips including a thorough review of loan repayment terms
and consolidation.
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