Understanding Financial Aid
A-Z Reference List
A list of available tools and resources located on the FIRST Web site
Glossary of Frequently Used Terms
Layman's Guide
The Layman's Guide to Educational Debt Management for Residents and GME
Staff is based on eight simple, yet proven steps for managing student
loans.
Current FFELP Borrower Interest Rates
Loan Consolidation Primer
To help medical school borrowers determine if loan consolidation is an
option they should pursue.
National Student Loan Data
System (NSLDS)
The U.S. Department of Education's database for federal student aid
Sample Repayment Examples
A sample repayment example—$155,000 Federal Stafford Loan at current
interest rate
Web Sites with Answers on Debt Management and Financial Aid
Credit Reports and information on credit—www.annualcreditreport.com
Web site to access FREE credit report.
Credit score can be added for a nominal fee.
Free Application for Federal Student Aid (FAFSA)—www.fafsa.ed.gov
Start here to apply for federal student aid.
Interest Rates—www.bankrate.com
Interest rates for all types of consumer loans.
Loan Repayment/Forgiveness Programs—www.aamc.org/stloan
Extensive list of loan repayment and/or forgiveness programs.
Tax Benefits for Education—
www.irs.gov/publications/p970/index.html
IRS Publication 970
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Print Publications
Loan Repayment Timeline: Class of 2008
(PDF, 2 pages)
Use of Economic Hardship Deferment on FFEL and DL Loans
Medical Student Education: Cost, Debt,
and Resident Stipend Facts (PDF, 2 pages)
(MD)2 : Monetary
Decisions for Medical Doctors - financial aid information for applicants,
students and residents. Articles of interest include: Credit
and Consumer Debt (PDF, 4 pages) and The
Financial Aid Application Process (PDF, 3 pages). To
order (MD)2 print materials, please contact Denine Hales at
dhales@aamc.org.
Education Debt Manager
(PDF, 26 pages)
This brochure provides step-by-step, common-sense strategies for managing
debt.
Education Debt Management for
Residents (PDF, 2 Pages)
This brochure describes the resources, services, and tools available
to residents from FIRST.
Economic Hardship Deferment Frequently Asked
Questions (PDF, 12 pages)
For residents and financial aid advisors
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For Pre-Health Advisors
Financing Medical Education
Presentation (PPT, 24 Slides)
You are welcome to download the presentation and use it and the speaker's
notes for information sessions regarding financing medical education with
pre-health/pre-med students. Feel free to add additional slides, but please
refrain from editing, in any way, the slides copy written by the AAMC.
For Financial Aid Officers
Financial Aid Officers can log in to access the following resources:
Lender
Assessment Tool
Financial
Aid Handbook (PDF, 83 pages)
A resource for both new and experienced financial aid administrators.
Exit
Interview Presentation on the GSA member Web site.
Entrance
Interview Presentation on the GSA member Web site.
To order publications
FIRST brochures are available to order for AAMC member schools:
Please note that FIRST brochures come in packs of 20 (i.e., an order
for "2" equals 40 brochures).
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Popular Selections
Education Debt Manager (PDF, 26 pages)
This booklet provides step-by-step, common-sense strategies for managing
debt.

Economic Hardship Deferment Frequently Asked Questions (PDF, 12
pages)
For residents and financial aid advisors
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