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Debt Management Tools

These debt management tools can assist you in strengthening your financial literacy, loan repayment, and money management skills. The HWCOM Office of Financial Assistance utilizes these tools in the required Debt Management Program.

HWCOM Interactive Budget Worksheet

The HWCOM Interactive Budget Worksheet Guide and Budget Worksheet can help you determine the appropriate amount of financial aid to accept.

The Association of American Medical Colleges' FIRST (Financial Information, Resources, Services, and Tools) Program

The Association of American Medical Colleges' FIRST program is a valuable resource for medical students and can assist students in understanding all aspects of debt management.

Medloans® Organizer and Calculator

The Medloans Organizer and Calculator, developed by the Association of American Medical Colleges, provides a secure location to medical students and residents to organize and track loans, calculate custom repayment plans, and make smart choices about repayment.

The National Student Loan Data System

The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of Education programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants, so that recipients can access and inquire about their personal loans and/or grants data.

Salt

SALT is a leading financial education and engagement program, provided by the Association of American Medical Colleges in collaboration with American Student Assistance. SALT empowers students and alumni to confidently approach, manage, pay for, and pay back college costs while improving their financial literacy skills. Premedical students, medical students, and residents can create free AAMC/SALT accounts.

Credit Reports

It is important that students realize the impact their credit reports have on financial aid options, student loans, and future credit access. Students should regularly monitor credit histories and annually check credit reports.