Medical students can borrow up to 20,500 USD for a lifetime maximum of 138,500 USD. However, some foreign medical schools qualify for federal loans and some do not. Figuring out which options are right for you is the key to how well you manage the money you receive. The strategies in this guide will walk you through the most common forms of medical school funding, step by step: Medical students are eligible for two types of federal loans: Direct Unsubsidized loans and Grad PLUS loans. I am staring at a spreadsheet now that maps out the growth of tuition + expenses on loans that I would need to finance it. Like most medical students, you most likely will pay for medical school using student loans, possibly some scholarships, and some good, old-fashioned hard work. Direct Unsubsidized loans have a yearly limit of $20,500 for medical students. Gone are the days of college, and now the rigors of medical school are thrust upon you. The first year will be the most radical transition for most students. Attending medical school is expensive and most medical students will need to borrow federal student loans to cover their medical school’s cost of attendance. Federal Plus Loans: This product offers an interest rate of 7.08 percent. Some medical students lean on generous well-to-do parents, relatives, or other benefactors. (No parental support available. The first few weeks to months are challenging for this reason, however you’ll soon get in the groove and soon learn that your first year offers you the most free time. For many doctors, interest rates on their medical school debt is a major pain point. You don’t need to pass a credit check to be eligible, you just need to be enrolled in school at least half-time and be in good academic standing. There are two kinds of federal loans available for medical students: Federal Direct Unsubsidized Loans: This product offers an interest rate of 6.08 percent. Refinance your medical school loans. I have been accepted to a medical school, and it was actually one of my top choices (incredibly thankful), but it is quite expensive. Long story short, it's like $350k+ at the end of 4 years. You can go to medical school on only private loans. But, some students have much more debt than that–$100,000, $200,000, or even $500,000 for some graduates (generally medical school students). Federal loans generally have lower rates and also have special income-based payment plans and forgiveness plans so the general rule is to max out what you can borrow in the federal loan programs before taking on any private loans. The average student loan debt for a graduate right now is about $30,000. Funding for medical school can come from a variety of sources — from scholarships to grants and loans. After that, you can apply for the Grad Plus loan (requires a "decent" credit report) up to the cost of attendance at 7.9%. 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