Residency

More new physicians taking advantage of debt forgiveness program

Residency Program Insider, July 22, 2016

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A survey conducted by the Association of American Medical Colleges found that 25% of physicians who graduated medical school in 2014 intend to enroll in the federal government’s Public Service Loan Forgiveness program. This is up from 10.6% in 2014.

Under the program, enrollees working full-time will have the remaining balance of their student loans forgiven after making 120 monthly payments. A study recently published in the Journal of General Internal Medicine found that recent medical school graduates enrolled in the program will have an average of $131,000 in student debt forgiven.

Source: The Wall Street Journal



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