Financial Aid

Graduating Medical Students

Congratulations! As you prepare to graduate from the University of California, San Diego School of Medicine, the Financial Aid Office has prepared this page to assist you in the repayment of your educational loans. However, before you leave the University it is a Federal requirement for anyone who ever received an educational loan at UCSD to satisfactorily complete an Exit Counseling session. If you received Federal Direct Loans, i.e. Stafford, Direct and/or Grad PLUS Loans, Subsidized and/or Unsubsidized, please complete the Exit Counseling requirement at http://www.studentloans.gov. Click on the Graduate/Professional Students tab and follow the instructions to "Complete Exit Counseling".  If you received campus-based loans, i.e. Perkins, University and/or Loans for Disadvantaged Students, etc., in addition to or in lieu of Federal Direct Loans, you must complete the Exit Counseling requirement by following the link to the Student Business Services Office website here Student Business Services Office External Site / New Window  Select Exit Loan Counseling for graduates.

NOTE: YOU MUST COMPLETE BOTH EXIT COUNSELING SESSIONS IF YOU RECEIVED FEDERAL DIRECT LOANS AND CAMPUS-BASED LOANS WHILE IN MEDICAL SCHOOL.

An updated summary of your educational indebtedness derived from the information in your financial aid file will be sent to you in late Spring quarter along with a Loan Repayment Record. Please review these forms carefully and inform the Financial Aid Office of any corrections. Please be aware that this summary is an estimate only as we do not have current information on your pre-matriculation debt, accrued and/or paid interest on loans such as Unsubsidized Stafford/Direct, GradPLUS and/or Alternative Loans or loans paid off with Consolidation Loans. Please note that the summary and the Loan Repayment Record provide information on loans disbursed during each academic year with original lenders.

Loan Counseling and Repayment Resources:

Loan Counseling Information External Site / New WindowAcrobat PDF - [73kb] provides some basic information on loan consolidation and outlines your responsibilities in repaying your student loans.

Debt Management Strategies External Site / New WindowAcrobat PDF - [15kb] with common lender repayment practices, repayment options and other helpful information including online resources for repayment and consolidation.

 For students who were unable to attend the session presented by the AAMC on Tuesday, February 14, 2017, the video "2017 Student Loans and Repayment Strategies for Graduating Medical Students" can be accessed here Debt Management UCSD External Site / New Window.  This video may be helpful to graduating students wanting to learn about ways to manage student loan debt and determine which repayment strategy is most advantageous during residency.  Use this link to the AAMC Medloans Organizer and Calculator https://students-residents.aamc.org/financial-aid/article/medloans-organizer-and-calculator-mloc/External Site / New Window to estimate your repayment.

University of California, San Diego loan programs & terms External Site / New WindowAcrobat PDF - [57kb] summary sheet.

The AAMC Loan Repayment Timeline (PDF) External Site / New WindowAcrobat PDF reflecting the time line of repayment for June graduates.

Finally, see AAMC Loan Repayment /Forgiveness Scholarship Programs External Site / New Window for loan repayment programs from various agencies.

If you have any questions after reviewing all of the information contained herein, please contact the Financial Aid Office at (858) 534-4664 for further loan repayment counseling or your lender.


 

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