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Financing a Career in Academic Medicine

  • Pooja KothariEmail author
  • Julie Gilbert
  • Nelson Sánchez
  • Dennis Spencer
Chapter

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.

Keywords

Finances  Academic medicine  Career  Student loans  Financial barriers  Diversity  Inclusion  Funding  Loan repayment  Financial planning 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Pooja Kothari
    • 1
    Email author
  • Julie Gilbert
    • 2
  • Nelson Sánchez
    • 3
  • Dennis Spencer
    • 4
  1. 1.Rutgers New Jersey Medical SchoolNewarkUSA
  2. 2.Association of American Medical CollegesWashington, DCUSA
  3. 3.Weill Cornell Medical CollegeNew YorkUSA
  4. 4.Boston Children’s Hospital, Harvard Medical SchoolBostonUSA

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