Congratulations on your upcoming graduation from the MD program! Below you will find some important resources as you approach your graduation date.
Primary Resources:
1. Federal Loan Exit Counseling
Mandatory for all graduating students with student loans. You must complete this prior to graduation, and also prior to a 1-on-1 session, if you schedule one with us. This counseling will provide details on your individual loan balances and options for repayment, including monthly payments.
Complete the Federal Loan Exit Counseling Here
2. AAMC Loan Repayment Exit Counseling Presentation
Apr 24, 2024 01:00 PM
Repayment Strategies for Graduating Medical Students (with MLOC Demo)
Prepared for the Graduating Class of 2024, this LIVE webinar will include an overview of our new “Guide to Money Management and Student Loans” as well as an MLOC demonstration. We will review sections of the guide that showcase repayment plan options, postponing payments, whether refinancing or consolidating is right for you, and look at forgiveness programs for student loans. The session will wrap up with a special demonstration of the MLOC to assist graduating medical students on how to utilize the tool and help choose the right payment plan! Register now for access to the session and join to ask your questions LIVE.
3. Financial Planning Session – Presented by Dr. Soritios Keros, Doctored Money
2-part Series:
Part 1: April 25th, 2024, 6-7pm
Join Zoom Meeting
https://weillcornell.zoom.us/j/94457671749
Meeting ID: 944 5767 1749
Part 2: April 26th, 2024, 6-7pm
Join Zoom Meeting
https://weillcornell.zoom.us/j/97461973918
Meeting ID: 974 6197 3918
Open to all graduating students, this 2-part presentation, presented by Doctored Money, is presented to you by the Office of Financial Aid. We have shared an invite to this event with all graduating MD students as well as to the Class of 2024 listerv. Topics covered include budgeting, financial and tax planning, and loan repayment advice.
Please see link below for 2023 presentation content:
https://www.doctoredmoney.org/ms4
4. AAMC- Choosing Insurance as a Medical Student or Resident
May 7, 2024 02:00 PM
Whether just starting medical school, graduating from medical school, or beginning residency, knowing which insurance plan to choose (and when) can be one of the most important decisions. During this webinar, Deanna Filosa, CLU, ChFC, ChSNC, will discuss Group Health Insurance, Disability and Life Insurance, Renters Insurance, and Umbrella Policies. Join the AAMC and Ms. Filosa for this informative webinar to learn about the types of insurances, tools, tactics, and resources that should be known to maximize your knowledge and obtain the proper insurance coverage. Register today for this very informative webinar! *The opinions expressed by the presenter(s) do not necessarily reflect the opinions of the AAMC or its members.
5. 1-on-1 Counseling Session with Financial Aid Team
Ongoing
Open to all graduating students, we ask that you complete the online federal exit counseling and attend the AAMC Loan Repayment Session on April 24th prior to scheduling a 1-on-1. The purpose of the 1-on-1 meeting is to review any questions you have specific to your loan portfolio. We also ask that you obtain a list of all loans and servicers prior to scheduling a meeting with us.
Book a meeting with a Financial Aid team member here
Other Important Resources:
1. Next Steps for Graduating Medical Students (AAMC)
Review this guide for important items to consider as you approach graduation.
2. Education Debt Manager (AAMC)
AAMC publishes this annual guide with all of the details you need to consider loan repayment options.
3. Medloans Organizer and Calculator (AAMC)
This is a great tool provided by AAMC to manage your loan debt, and to project repayment options, using long-term salary expectations.
5. Choosing a Repayment Plan (AAMC)
This is a great resource to walk you through the steps to choosing a repayment plan.
6. Residency Relocation Loans (AAMC)
See link for more details on these loans and how to evaluate whether you need one.
7. Selecting a Financial Planner (AAMC)
During medical school, it’s likely that your financial questions will revolve around student loans and money management. However, upon graduation, additional expertise may be needed to help manage the other areas of your financial life (investments, retirement, insurance, taxes, estate planning, and more).