Paying Back Loans After Med School

You may not may not reach many of those people in this forum. Our friendly moderator might move it to someplace better, though.

Yes, there is truth to this. Our IM residency pays something like $30k toward your loans once you've spent 3 years here. I think this is on the same line that it's also one of the highest paying IM residencies in an effort to attract more poeple (they have marginal success with this). I don't know how many other programs do it. Since I know the IM program here isn't of the greatest calibur, I would have to assume that of other schools with the same practice.

Well, they send you a bill, and you send them money.... In all honesty, if you are thinking you will have problems making the minimum payments, you have two major options. One is to get your payments graded to your income such that you will likly be paying back much less in the first 5 or so years after graduation than later on. Second option is to consolidate as most consolidations have an extended repayment plan, with many up to 20 years. This cuts your monthly payment in half, but means you'll pay rediculous amounts in interest by the time you are done. However, you can always consolidate, pay the minimum for a while, and then begin sending them more money when you're able to. I've not see any consolidation programs that have early repayment penalties, but it's always something to confirm before signing on the dotted line.

I guess your question seems awfully vague to me, so you may want to tell us what specifically you are concerned about or more about your situation.