Debt Management
Take Control of Your Credit and Future鈥�
A good education is really an investment. The potential, long-term benefits of higher earnings as well as a lifetime of career
satisfaction are the dividends of your investment. But today's high costs often make
financing your education a complicated endeavor. Student loans make it possible for
the majority of our students to get the education they deserve. But before you apply
for a loan, study all your options carefully, and make sure you have exhausted all
other sources.
Before you borrow any money, remember that your loans will affect your credit far into the future. Whenever you obtain a loan, information regarding that loan is reported to credit bureaus. What you borrow today may determine your ability to borrow in the future for a car, house, or other purchases after you graduate. The amount of outstanding loans will be considered when you apply for any other loans.
We are here for you. If you need assistance with your personal and/or school budget, please email us at financialaid@downstate.edu or click to schedule an appointment.
AAMC Financial Resources for 2025 Graduates
This is a list of resources compiled by AAMC including information about repayment strategies, PSLF, refinancing, and financial wellness as a resident.
SUNY Smart Track "CashCourse"
is a free, online, noncommercial financial education resource that was designed for enrolled and college bound students "CashCourse"
Because it is important for students to clearly see the bottom line on college costs, we鈥檙e committed to transparency regarding the financial commitments of attending our campuses. That is why we created , a collection of resources 鈥� including our 鈥� designed to help students and families understand college costs and develop a financial plan for the future.
Understanding your Debt
- AAMC Education Debt Manager for Graduating Medical Students (PDF)
- AAMC 7 Ways to Reduce Medical School Debt (PDF)
- The Effects of Credit and your Loan History
- Checking Your Credit
Budgeting
- AAMC Budget Worksheet for Students (PDF)
- 10 Tips for Managing Your Money During Medical School (PDF)
- AAMC Living on a Resident Stipend of $55,700 (PDF)
- AAMC Budgeting Worksheet for Residents (PDF) 鈥� fillable
- 10 Tips for Managing Your Money During Residency (PDF)
Student Loan Links
- - for students to retrieve their federal loan information
AAMC Repayment Webinar Documents
- Financial Wellness Card (PDF)
- MLOC Postcard (PDF)
- Next Steps Brochure (PDF)
- Nine Tips on Managing Money During Residency (PDF)