Student Loan Forgiveness for Medical Students

Many medical students cheerfully expect to be earning a generous income as they begin their medical practice. But while it is true that that, according to the Medical Economics website that in 2014, 7 of the 10 top-paying jobs were in the medical profession, the issue of course is far more complicated than that. The American Association of Medical Colleges estimates that a four-year medical education at a private school today will cost around $278,455 dollars while a public one runs only slightly below that at $208,868. And the average medical student will be around $180,000 in debt at the time of their graduation. Around 20% will have debt in excess of $250,000.
These numbers can seem staggering. Fortunately, there are programs available to medical students which not only get them out from this monumental debt, but help underserved communities across the country and improve access to quality medical care for some very vulnerable patient populations.

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The National Health Service Corps: Cutting Student Debt and Promoting Primary Care

By Christy Crisologo

It was Pauline Rolle’s grandmother who first opened her eyes to the needs of underserved communities in the United States.

“There are people all over the world who need you,” the pediatrician’s grandmother told her, “but there are also people right here who need you.” After completing her training, those words inspired Dr. Rolle to apply for the National Health Service Corps’s Loan Repayment Program. Today she works at the Duval County Health Department clinic in Jacksonville, FL, serving primarily Medicaid and uninsured patients.

“The program is just awesome — it’s just fabulous,” Dr. Rolle said in an article featured on the NHSC website. “The connectivity among public health providers, the conferences, and the educational credits that they offer — not to mention the support in terms of loan repayment — it’s just a tremendous blessing to me and my family.”

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