PERSONAL FINANCE TIPS: Aashish Shah, MD19 and John Warwick, MD19 teamed up with AMS Office of Financial Aid to discuss cash management tips for your semester refunds and simple principles of "value your dollar" and "avoid impulse spending." An impactful takeaway was credit scores where 35% depends on payment history (make payments on time) and 30% utilization rate (don't max out limits).
Part II: Investments-January 12, 2016 in Room 270 at 11:50am.
AT THE MEDICAL SCHOOL: The AMS Office of Financial Aid welcomes individualized financial counseling sessions before, during, and after your medical school years. We are available weekdays from 8:30am - 5:00pm, so please schedule an appointment at your convenience by emailing us at email@example.com or give us a call at 401-863-1142. We provide easily accessible, individual financial guidance, and encourages medical students to join us for:
First Year One-on-One Meetings: During your first months as a medical student and financial aid recipient, you will be invited to meet individually with the Director or Assistant Director to review disbursement and budgeting strategies. This mandatory meeting gives us a chance to understand your financial goals and needs. Feel free to bring questions and a projected budget!
Fourth Year Loan Repayment Sessions: As medical school winds down and graduation approaches, the Office of Financial Aid welcomes your questions and offers support with loan repayment. Scheduling an individual meeting to discuss loan repayment options, public service loan forgiveness, and loan deferment is highly recommended. A loan repayment schedule will be created and reviewed during the session. Review loan repayment programs available during both residency and in practice.
Federal Loan Entrance Counseling
Regulations governing the disbursement of federally guaranteed loans require that every new borrower receive loan counseling before their loans may be disbursed. The purpose of this is to familiarize you with the process of financing your medical school education, including your rights as a borrower, your obligations, benefits (e.g., deferment options), and personal budgeting issues. The Brown Loan Office offers online loan entrance counseling to satisfy the federal government's requirement and will contact each new borrower with instructions on how to complete this.
Federal Loan Exit Counseling
Loan exit counseling is required of all students who have received federal and institutional student loans. When a student graduates, drops below half-time, or withdraws from school, they will be asked to complete loan exit counseling. The Brown Loan Office will be in touch with medical students on how to complete these requirements online.