UM - Miller School of Medicine University of Miami - Miller School of Medicine

Educational Debt Management

Every Student Every Year

The Miller School of Medicine through the Office of Financial Assistance offers a comprehensive educational debt management program designed to help students not only borrow responsibly but repay responsibly as well after they graduate and move into their residency programs. The Miller School of Medicine is committed to ensuring that all students who borrow at the Miller School of Medicine have access to the finest educational debt management help available, and that they are well versed in proven repayment strategies to help them effectively manage their student loan obligations after they leave the Miller School of Medicine.

Our “Every Student Every Year” program is designed to do just that, and so each year, you will be required to participate in at least one of the offered educational debt management programs to ensure our compliance and your compliance with this program. The OSFA will keep track of your participation each year.

Please also note that all seniors who have received educational loans are required to participate in an exit interview prior to graduation. This includes an online exit interview as well as attendance at an in-person workshop provided prior to graduation designed specifically for seniors.

There are a number of excellent resources that are part of the Every Student Every Year program.
These include:

• Short, topical, recorded PowerPoint repayment modules as part of our Video Library
• In-person, dynamic workshops offered as “Lunch and Learn” sessions
• Personal consultations with PGPresents, the independent student loan consulting company under contract with the Miller School of Medicine to provide educational debt management support
• Copies of all presentation slides
• One-pagers on various student loan repayment topics

To schedule a personal debt management counseling session, feel free to drop by our office or call us at 305-243-6211.

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Financial Assistance Video Library

The following are recorded PowerPoint presentations sponsored by the Office of Student Financial Assistance. We strongly encourage you to view these short, topical modules before scheduling any personal consultation to discuss your student loans.

Repayment Modules

Module 1 Simple Steps to a Repayment Strategy
Module 2 Income Driven Repayment Plans
Module 3 Public Service Loan Forgiveness
Module 4 Postponing Payments
Module 5 Federal Consolidation
Module 6 Refinancing Student Loans

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Upcoming Presentations

January 30, 2019
Lunch and Learn: Calculators – Using the AAMC Medloans Organizer and Calculator
This presentation will be a partial repeat of the presentation on calculators from September 2018, but with a decided emphasis on the AAMC Medloans Organizer and Calculator. You are strongly advised to attend this workshop if you are planning to attend the workshop on married student and repayment the next day.

January 31, 2019
Lunch and Learn: Married Students and Repayment
Julie Fresne from the Association of American Medical Colleges (AAMC) will join us to discuss how marital status can impact repayment. Ms. Fresne has extensive experience working with medical students, residents, and fellows and is largely responsible for development of the AAMC Medloans Organizer and Calculator.

April 2, 2019
Lunch and Learn: Student Loan Repayment
LAST OPPORTUNITY TO MEET ANNUAL REQUIREMENT FOR DEBT MANAGEMENT
Get an in-depth look at all the repayment options available on your student loans after you graduate and enter repayment, with an emphasis on the Income Driven Repayment plans like Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE). This is your last opportunity to meet the annual requirement for your participation in the Every Student Every Year program.

April 3, 2019
Lunch and Learn: Class of 2019 Repayment Workshop (Senior Loan Exit Interview)
THIS SESSION IS REQUIRED FOR ALL INDEBTED STUDENTS IN THE CLASS OF 2019
This extremely important workshop will cover all topics related to repayment of your student loans, including the transition into residency, postponement provisions, time-driven and income-driven repayment plans and forgiveness provisions, Public Service Loan Forgiveness, federal consolidation, and refinancing with private lenders.

April 4, 2019
Lunch and Learn: Class of 2019 Repayment Workshop (Senior Loan Exit Interview)
REPEAT OF SESSION ON APRIL 3
We are offering the Senior Loan Exit Interview on a second day for those who cannot attend on April 3. You must attend one of these sessions if you are an indebted student in the Class of 2019.

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Previous Presentation Slides

June 27, 2018 *Lunch and Learn: Student Loan Update and Educational Debt Management *
This general presentation provided important updates on borrowing, as well as a sneak peek at what repayment may look like during residency and beyond.

June 28, 2018
MD/MPH Class of 2022 Orientation: Responsible Borrowing and Responsible Repayment
This presentation was provided to incoming students in the MD/MPH Class of 2022 and covered the basics of borrowing and repayment, with important updates on proposed changes that might impact borrowing and repayment for medical students.

September 24, 2018
Lunch and Learn: Calculators
This new presentation looks at various recommended loan calculators for medical students, how to use them, and which ones are best for medical students and residents.

September 25, 2018
MD Class of 2022 Orientation: Responsible Borrowing and Responsible Repayment
This presentation was provided to incoming students in the MD Class of 2022 and covered the basics of borrowing and repayment, with important updates on proposed changes that might impact borrowing and repayment for medical students.

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Quick Reference Guides

AAMC Medloans Organizer and Calculator (MLOC) FACT SHEET
Financing Your M.D. Degree
Repayment Calculator Quick Reference Guide
Simple Steps to a Repayment Strategy
Income Driven Repayment Comparison Chart

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Other Resources

http://www.AAMC.org/FIRST
• Multiple resources from the AAMC, including access to the Medloans Organizer and Calculator
• Highly recommend site for medical students

http://www.StudentLoans.gov
• Online access to the Repayment Estimator
• Refer to the quick reference guide on calculators (see above PDFs) before using

http://www.StudentAid.ed.gov/publicservice
• Information on the Public Service Loan Forgiveness program
• Online PSLF Employment Certification Form

http://www.NSLDS.ed.gov
• Federal database of all the federal loans you have ever borrowed, regardless of when you borrowed them, their status, and who your loan servicer is
• Information on your loan servicer