Financing a career in academic medicine

Abstract

This chapter provides an overview of how to successfully pursue a career in academic medicine while paying back loans accumulated during medical school. It addresses commonly perceived financial barriers in academia and sources of funding that support this career pathway. Also included is a description of several types of loans, loan repayment plans, and factors that may affect the process of financial planning. Additionally, a sample scenario illustrates an example of loan repayment strategy and planning. With greater knowledge of loan repayment programs and financial planning, as discussed in this chapter, students can make informed decisions about entering the field of academic medicine.