Physician's Guide to the Internet

Repaying Med School Loans

Moneymatters...the Association of American Medical Colleges listserv to help manage student loans and other debt. To subscribe...
  • address an e-mail message to majordomo@aamcinfo.org
  • write your residency program or GME affiliation in the subject field
  • in the text field, write "subscribe moneymatters your handle@your e-mail server"

Consolidating Med School Loans has advantages and disadvantages. The advantages include having to write only one repayment check each month and extending the repayment period to as many as 30 years. The disadvantages include having to pay more money in interest on the extended payback and switching from adjustable to fixed rate interest plans.

SallieMae, The Student Loan Marketing Association (800-643-0040), has loan consolidation plans with the opportunity to reduce the interest rate...
  • 0.25 percent reduction with automatic withdrawal
  • 0.50 percent reduction after 48 consecutive months of repayment

Texas Physician Education Loan Repayment Program Primary Care Physicians serving in Health Professional Shortage Areas in the State of Texas can qualify for up to $18,000 in student loan repayments per annum for up to 5 years.
Info: E-mail KirkRT@thecb.state.tx.us or phone 512-483-6363 or 512-483-6367.


PGI's Home Page | PGI's New Physician Page