Managing Medical Student Debt

It's no secret that many pediatric residents graduate with significant educational debt.

Increasing indebtedness among early career pediatricians is a concerning trend. Of those residents graduating from pediatric residency reporting any educational debt, the average debt increased from $132,500 in 1997 to $264,000 in 2020 (after adjusting for inflation). In fact, half of all residents in 2020 reported $200,000 or more in debt.

These data are from the AAP Annual Survey of Graduating Residents.

• Percentage of Residents Graduating with Student Loan Debt
• Average Student Loan Debt

AAP Program for Loan Repayment  

One way to manage medical school debt is to refinance your loans.

The AAP Insurance Program, in partnership with SoFi, offers you a way to reduce the cost of your student loans (both federal and private) by refinancing. There are many options as well as information and tools to help you understand and manage your loans. As an AAP member, you can earn a special incentive not available to the public. Learn more at SoFi.