My classmate and fellow nerd from Kansas Chris Adams has created a short little blog to detail a walk-thru of the loan deferment process. He sent it out originally as an email, and I just completed it and got confirmation I’m in deferment!
(And if you’re reading this… a plea to contact your Congresspeople, as they’re trying to make it harder for residents to qualify for economic hardship. Please pass on to your own medical schools, as this will affect younger med students even more than it does us!)
The current rule by the Dept of Ed that allows residents to defer their loan payments until after residency is in danger of being removed because it’s too “cost-prohibitive.” For those graduating this year, this means you’d only get to do 2 years of deferment (with later years being a much less favorable type of deferment); if you’re graduating next year, only 1 year of normal deferment, and if you’re graduating after that, you’ll be SOL.
PLEASE contact your Congress people, tell them you’re a doctor or future doctor and it will greatly affect your ability to afford residency!
More info on it here (the AAMC and AMA are both lobbying hard to get this rule change reversed):
This is a script you can use when you call them:
And please also make your voice heard electronically thru this script: