Paying for Med School: Why AAMC FIRST Matters

Funding your medical education is one of the biggest financial decisions aspiring physicians will make and can feel overwhelming. That’s where AAMC FIRST (Financial Information, Resources, Services, and Tools) comes in.

AAMC FIRST is designed to help prospective medical students understand the entire financial picture, from applying for financial aid, to borrowing wisely, budgeting while in school, and planning for loan repayment after graduation. It brings together practical tools and guidance in one place so you can make informed decisions.

Here’s what FIRST offers:

  • Financial guidance & fact sheets on everything from loans and scholarships to budgeting and loan forgiveness programs.
  • Videos and webinars where financial experts break down complex topics.
  • Tools like the MedLoans Organizer and Calculator (MLOC) to help you track loan balances and repayment scenarios.
  • Connections to AAMC Financial Wellness resources, including budgeting tips and interactive financial education.

🔗 Learn more: https://students-residents.aamc.org/financial-aid

By Stacy Li
Stacy Li Associate Director, Graduate School Advising