Financial Literacy Resources

The Financial Aid Office provides a number of resources and useful links to information and services designed to assist you as you determine how to finance your medical education.

• AAMC Financial Wellness Program
  With the AAMC Financial Wellness program, account holders will have free access to financial calculators, articles, and videos to create a budget, track spending, create financial goals, and enhance their financial knowledge about credit, financial planning, money management, and more.
• MedLoans Organizer and Calculator (MLOC)
  The MedLoans® Organizer and Calculator (MLOC) was developed to assist medical students and residents with managing their education debt. The MLOC provides a secure location to organize and track student loans while also displaying possible repayment plans and costs based on the borrower’s student loan debt.
• AAMC FIRST Videos and Webinars
  Video and webinar topics include: paying for medical school, money management, cost of residency interviews, postponing loan repayment, selecting a student loan repayment plan, managing your loans during residency, and much more.

• National Student Loan Data System (NSLDS)
  Database of all Federal educational loans, with repayment status and servicer information
• Interest Rates and Fees
• Forgiveness, Cancellation, and Discharge

Tax legislation passed in the Taxpayer Relief Act of 1997 allows deductions from income tax returns for both students and their parents. To find out more about these changes, go to the IRS website or the Yale University Tax Office.

IRS Websites

• Main IRS website
• IRS Forms & Publications — If you need income tax return information or forms, the IRS website will give you access to whatever you need.

Yale University Tax Office

• Graduate and Professional Students and Postdoctoral Fellows
• Tax Resources for International Students & Scholars

Loan Repayment Programs

• Faculty Loan Repayment Information
• NIH Loan Repayment Program
• NHSC Loan Repayment Programs/Indian Health Service

Credit Information

• National Foundation for Consumer Credit Home Page, Equifax Credit Bureau Home Page, & Experian Credit Bureau
• Myfico.com
• Trans Union Credit Report

Financial Planning and Debt Management:

• Personal Finance Topics
• Kiplinger's Personal Finance Magazine Home Page
• Money Magazine Home Page
• Motley Fool Home Page