FIRST Facts are short, informational sheets on a variety of financial
aid related topics. Facts are designed to reduce often confusing or complex
topics to the basics. For more information regarding FIRST Facts topics
or elsewhere on this site, contact first@aamc.org,
or consult your financial aid officer or the financial aid office at your
institution.
The following documents are all in PDF format. |
Student and Applicant Focus
The Cost of Applying
to Medical School
Details specific costs associated with steps in the medical school application
process.
The Financial Aid Application Process
Steps to help you apply for financial aid.
Medical School Costs for Non-Traditional
studentsInformation about additional financial
costs and considerations for non-traditional applicnats and students.
Official AAMC Guides for Applicants
If you are considering a career in medicine, two AAMC publications for
applicants, The Official Guide to the MCAT Exam® and Medical School
Admission Requirements (MSAR™), are available to help guide you through
the journey.
Debt Management Relies on Good Record
Keeping
An overview on importance of keeping track of your loans and tips on how
to keep good records.
Grad PLUS Loans 101
Describes Grad PLUS details, benefits and eligibility.
Stafford Loans 101
Describes the two Stafford loan options including loan limits and eligibility.
The Cost of Applying for Residency
Details specific costs associated with applying to and interviewing for
residency positions.
Unforseen Emergencies and Financial
Needs: What to do?
An overview of special circumstances in which you may be eligible
to have your financial aid adjusted in response to unforseen emergencies.
Choosing a Specialty: A Critical Career
Decision
Information on specialty choice, salary, repayment and the AAMC's Careers
in Medicine program.
Taking
a Break From Your Medical Education
Covers the information you need to know before taking a leave of absence
and what to do when you return.
Easing into Residency: Transition Tips
A guide to help you plan for decisions made prior to and during residency.
Resident Focus
Postponing Loan Repayment During Residency
Describes three options for postponing/minimizing loan repayment during
residency.
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Pre-Health Advisors Focus
The Cost of Applying
to Medical School
Details specific costs associated with steps in the medical school application
process.
Financial Aid Officer Focus
Entrance Counseling: Requirements and
Recommendations for FAOs
Explains the required and recommended elements FAOs should include in
their Entrance Counseling.
Exit Counseling: Requirements and Recommendations
for FAOs
Explains the required and recommended elements FAOs should include in
their Exit Counseling.
Professional Judgment Revisted: Resources
for FAOs Tips for FAOs on requests
for professional judgment review.
Facts for the First Day: Welcome to Medical
School
Tips for students to help them navigate the first day of medical school.
FAO's can enter in school specific information (with formatting). View
the sample completed form.
Facts for the Last Day: Farewell to Medical
School
Tips for students to help them navigate the final days of medical school.
FAO's can enter in school specific information (with formatting). View
the sample completed form.
Financial
Aid Officer Handbook
Overview and quick links to sections of the Handbook created by the Group
on Student Affairs Committee on Student Financial Assistance (COSFA).
AAMC Data Resources
Describes various data resources and services available to Financial Aid
Officers.
Budgeting (All Audiences)
Budgeting
Basics: Managing Your Money During the Lean Years
Describes benefits and mechanics of establishing a monthly budget.
Includes interactive budget worksheet.
Interactive Budget Worksheet
Interactive worksheet allows users to input amounts, then adds and subtracts
automatically.
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Credit (All Audiences)
Borrowing 101: An Introduction
to the World of Credit
Explains the basics of credit with tips on managing it wisely.
Credit Card Debt
Describes how to keep credit card debt under control and the dangers of
making minimum payments.
Protect Against Identity
Theft
Tactics to minimize your risk of being an identity theft victim.
Your Credit Report:
Getting Familiar with the Basics
Describes a credit report, how to get it, what it contains.
Your Credit Score: What
It Is and Why It Matters
Describes elements in and calculation of a credit score and lists benefits
of a good score.
Repayment (All Audiences)
Education Tax Incentives
Overview of the three most popular programs available
for medical students.
Doing Well by Doing Good:
Loan Forgiveness for Public Service
Information about a new program offering loan forgiveness following 10
years of payments by those in certain professions.
Loan
Repayment Choices
Information about how to structure loan repayments to fit the borrower's
circumstances.
Income-Based Repayment
A preliminary summary of the Income-Based Repayment plan including how
it works and how to qualify.
Consolidating
Your Loans
Covers all of the basic information about loan consolidation including
pros and cons.
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