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Financial Wellness and Financial Literacy

Live like a student NOW, so that you can live like a doctor when you graduate! This means borrowing only what is needed for your education! Even though the cost of attendance is established to ensure you have adequate funds for your cost of attendance expenses, you can also borrow less if you deem it necessary!



The AAMC’s Financial Information, Resources, Services, and Tools (FIRST) program works to empower students by providing student loan and money management information and resources that will enable students to borrow wisely and repay their students loans responsibly.


Set Up Your Account

  1. Visit
  2. Under “Need to Register?”, select your school (medical students) or role (resident, pre-med, staff, etc.)
  3. Complete the registration form


After logging into your account, from the courses tab you will see all the available learning opportunities. You can read information, watch videos, take quizzes, obtain grades, and even print a course completion certificate.

Available courses include:

  • Budget Basics
  • Buying a Car
  • Financial Basics
  • Financial Planning
  • Financial Trouble
  • Having a Baby
  • Identity Theft
  • Managing Credit
  • Saving and Investing
  • Understanding Insurance


Suggested Presentation topics include:
* Repayment Strategies
* Money Management During Medical School
* Credit and Budgeting
* Behavioral Economics
* AAMC Financial Wellness
* Customizable presentations to cover subjects of your choosing
* Offering live money-management webinars for students and residents
* Engaging with students through individual meetings or via group “Meet With
FIRST” virtual town hall sessions
* Providing consultation services for medical school financial aid administrators
* Creating resources to help meet federal entrance and exit counseling


Below is a list of selected modules students are encouraged to complete. While this list is not an all-inclusive list of available modules,  the selected modules contain information pertinent for most students and situations. We also realize students are at different points in their academic careers and my find other modules on the site that are more relevant. The suggested resources are listed by year in medical school.




young woman at dining room table with laptop, calculator and wallet


Premed: Articles

· Introduce students to

· Introduce them to AAMC Financial Wellness for more in-depth financial tips.

· Top 10 questions you should ask your Financial Aid Officer

· The Financial Aid Application Process

· Direct Loans 101


· Direct Plus Loans

· Budget Worksheet


MSI: Articles

· Transitioning to Medical School · Budgeting Basics

· Budgeting Ideas and Tips

· Your Credit Score



MSI: Videos

· Student Loans and Repayment Strategies

· How to Select the Best Repayment Plan in 2 Steps

· Money Management for Entering Medical School Students



MSII: Articles

· Taking a Break from your Medical Education (Leave of Absence)

· Cost of Applying for Residency

· The Cost of Interviewing for Residency

· Taking Control of Credit Card Debt



MSII: Videos

· Ask a Medical Student: What is the Most Effective Way to Study

· Ask a Medical Student: How do You Balance School with Your Personal Llife?

· Ask a Medical Student: Which Experiences Have Inspired You?



MSIII: Articles

· Easing into Residency: Transition Tip

· Debt Management Relies on Record Keeping

· Find the Details of Your Federal Loans

· Education Tax Incentives


MSIII: Videos

· Postponing Payments During Residency

· The Economics of Residency


MSIV: Articles

· How to Select the Best Repayment Plan

· Selecting a Financial Planner

· Repay Through Forgive, Scholar, Service

· Should I Refinance My Student Loans?

· Should You Consolidate?


MSIV: Videos

· Repayment Strategies

* Financial Health in Residency 








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