Keeping Debt Manageable
| Resident Fellow Salaries | Median Stipend* |
Estimated Monthly Repayment Amount** |
| 1st Post-M.D. Year | $62,722 | $297 ($3,564 per year) |
| 2nd Post-M.D. Year | $65,306 | |
| 3rd Post-M.D. Year | $67,763 | |
| 4th Post-M.D. Year | $71,235 | $381 ($4,572 per year) |
*AAMC, Survey of Resident/Fellow Stipends and Benefits, 2023: Median (50th Percentile) Resident/Fellow Stipends Nationwide
**Based off of the SAVE Plan using the MedLoans Calculator
Be careful not to default on your educational loans. Defaulting on your educational loans may affect your ability to become a licensed physician. Numerous states have passed laws suspending licensure in any field on defaulters of student loans. Some employers may perform a credit check before hiring a new employee. And borrowers who default on a federally-guaranteed loan and are employed by a public institution may be in jeopardy of job termination.