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    For medical students

    MS1 through MS4: borrowing, the Match and the first contract you will sign, your residency agreement.

    Essential stage tools

    4 tools
    Limits

    Federal borrowing limits

    New MD and DO students can borrow up to $50,000 a year and $200,000 in total. Grad PLUS has closed.

    Money plan

    Match Day money plan

    Take-home pay in the state you matched, cash before the first paycheck, and loan dates.

    Repayment

    Loan repayment comparison

    RAP, IBR and Tiered Standard side by side.

    GME agreement

    Your first contract

    What the residency (GME) agreement covers and what to check before you sign it.

    Key career crossings

    The career moments where decisions made now set obligations or costs that land years later:

    Accepting a seat, and the federal and private loans that pay for it.

    Entering medical school and taking the first loans

    Loan rules and limitsLoan repayment comparisonFor medical students
    Explore transition brief →    Submitting a rank order list, matching, and signing the residency (GME) agreement.

    The Match and the residency agreement

    Match Day money planResident pay per hourUnion contract benchmarksCompare repayment plansStarting residency
    Explore transition brief →    Taking medical, parental, caregiving or mental-health leave, and returning to work.

    Parental, medical and caregiver leave, and coming back

    Check a disability quoteTime off and the wRVU bonusBenefits clauseUnion contract benchmarksCompare repayment plansWhat a leave costs
    Explore transition brief →    Accepting a SOAP offer during Match Week, or choosing a research or other year before the next Match.

    Not matching, SOAP and a year between Matches

    Compare repayment plansLoan repayment comparisonRead a residency agreementTraining licenses by stateCompare ways of working
    Explore transition brief →

    All career moves, med school to late career →

    Students Articles for medical students

    1. Resident Unionization: Labor Rights, Due Process, and GME Contracts

      Andwise Team · Explainer

      StudentsResidentsEarly career
    2. Resilience: A Dirty Word in the Medical Profession

      Kanav Jain · Perspective

      StudentsResidentsEarly careerMid career
    3. Workplace Discrimination: What You Can Do if You've Been Unfairly Targeted

      Chuck Kable, JD · Explainer

      StudentsResidentsEarly careerMid career
    4. Financial Planning Simplified for Physicians: Harnessing "The Index Card" Approach

      Tanya Frias, CFP®, ChSNC® · Book notes

      StudentsResidentsEarly careerMid career
    5. Ten Common Money Decisions for Physicians, and What Each One Changes

      Andwise Team · Explainer

      StudentsResidentsEarly careerMid career
    6. How Financial Pitches Target Physicians, and How to Weigh Them

      Kanav Jain · Explainer

      StudentsResidentsEarly careerMid career

    All 28 articles for medical students →

    Stage checklist

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    This is not a substitute for the advice of an attorney. Andwise is not affiliated with or endorsed by the U.S. Department of Education or any lender or loan servicer.