Below are several resources on student loan and consumer debt management. These websites provide free information for financial planning.
Student Loan Help for AAP Members- Developed by the AAP Insurance Program and SoFi.
With this new program, AAP Members will:
- Save money with lower loan rates
- Apply with no application fee
- Receive a $500 "Sign-up" Bonus (Upon completion of loan refinancing)
- Simplify your loan repayment process
- Protect yourself and your family with unemployment coverage
Learn more at www.aap.org/sofi
The AAP Insurance Program-Financial Wellness Video series offers practical tips, guides, and resources to help ease financial stressors and get to financial wellness. Topics include: Introduction to Financial Wellness, Money Management, Credit Scores, Planning Your Future, Buying Insurance and Life and Disability Insurance. Introduction to Financial Wellness.
Resources for loan repayment options and information on salaries by state (AAP Member Login required)
These links provide great general guidelines and resources offered by the American Academy of Medical Colleges (AAMC):
The Pediatric Research LRP is a vital component of our nation's efforts to attract health professionals to careers in pediatric research. In exchange for a two-year commitment to your research career, NIH may repay up to $35,000 per year of your qualified repayable educational debt.
The US Department of Health and Human Services, Indian Health Service (IHS) program, offers opportunities to health professionals based upon staffing needs of Indian Health programs.
The following are a few web sites to help with consumer debt management
Information on free credit report
Investing and Personal Finance:
More resources and budgeting websites for residents:
www.fool.com is a helpful resource for residents, starting with basic investing concepts and expanding from there.
https://www.bogleheads.org/wiki/Main_Page - Investing wiki that covers a huge spectrum of topics (investing, personal finance, insurance, etc) and has a suggested reading list for anyone interested in reading finance books
Consider contacting your medical school financial aid offices, which are great resources for information about financial planning, loans, and scholarships.
The information provided here is general in scope and provided for educational purposes. It is not meant as a substitute for financial advice. External (or Non-AAP) sites and products included in this list are for reference only and not endorsed by the AAP.