• Kathryn A Wolford, Robert W Wolford, Douglas Franzen, Kenneth Park, Margaret O'Leary, Mohamad Ali Cheaito, Michael C Bond, and Amin Kazzi.
• Department of Emergency Medicine, Advocate Lutheran General Hospital, Park Ridge, Illinois.
• J Emerg Med. 2021 Feb 1; 60 (2): e27-e30.

AbstractTuition fees for medical school are continuously and riotously increasing. This upsurge is amassing debts on the backs of students. In the class of 2018, 75% finished medical school with an outstanding balance of $196,520, on average-a $5826 increase from 2017. Tuition fees differ in terms of the ownership of the medical school (public vs. private) and according to the medical student residence status (in-state or out-of-state). It is critical that students arrange a long-term budget that shows them where they stand: in surplus or in deficit. Students may classify expenditures into two groups: "fixed" and "variable," where they can manipulate the variable expenses to fit into their budget. To pay for their tuition, medical students have four possibilities: cash, scholarships and grants, service-obligation scholarships, and loans. Loans are the most common alternatives, and so there are Traditional Repayment Plans and Income-Driven Repayment Plans. This article serves to provide medical students with attainable alternatives for funding their education and for repaying their debts.Copyright © 2020 Elsevier Inc. All rights reserved.

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