Debt

The UCSD Health Sciences Financial Aid Office conducts a debt management session for entering students during the week of orientation. Every year, students receive individual indebtedness summaries to help them keep track of their debt and to ensure that they are aware of the level of their borrowing. In the final year of school, a debt management session is held to aid students in the repayment of their debt once they have graduated.

A useful tool in determining whether or not you want to take on additional debt, is a loan payment calculator. This program allows you to enter the amount, interest rate, and repayment period of a loan and then calculates the amount of your monthly payment, as well as the total principal and interest repaid on the loan. This tool is also helpful in comparing loans, or determining the effect of increasing or decreasing the length of repayment. We have provided a loan calculator for your use here - [26 kb].

Another helpful tool in managing your debt may be found in the AAMC publication, Monetary Decisions for Medical Doctors – An Electronic Resource Manual for Financial Planning Throughout Your Career (MD). This manual may be found at the following web site: http://www.aamc.org/md2

Average Medical Student Debt

Below is a three-year comparison of average indebtedness for UCSD School of Medicine, Public Medical Schools, Private Medical Schools and All Medical Schools. The information on the debt for Public, Private and All Schools is from the AAMC Graduate Questionnaires. These figures include premed debt and are for indebted graduates only.

Additional information on average indebtedness for medical students can be found in the following AAMC web site: http://www.aamc.org/programs/first/debtfactcard.pdf - [429 kb].