You are using an outdated browser. Please upgrade your browser to improve your experience.
Become a Fellow
ACP offers a number of resources to help members make sense of the MOC requirements and earn points.
Understanding MOC Requirements
Earn MOC points
The most comprehensive meeting in Internal Medicine.
April 11-13, 2019
Internal Medicine Meeting 2019
Prepare for the Certification and Maintenance of Certification (MOC)
Exam with an ACP review course.
Board Certification Review Courses
MOC Exam Prep Courses
Treating a patient? Researching a topic? Get answers now.
Visit AnnalsLearn More
Visit MKSAP 17 Learn More
Visit DynaMed Plus
Ensure payment and avoid policy violations. Plus, new resources to help you navigate the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
Access helpful forms developed by a variety of sources for patient charts, logs, information sheets, office signs, and use by practice administration.
ACP advocates on behalf on internists and their patients on a number of timely issues. Learn about where ACP stands on the following areas:
© Copyright 2018 American College of Physicians. All Rights Reserved. 190 North Independence Mall West, Philadelphia, PA 19106-1572
Toll Free: (800) 523.1546 · Local: (215) 351.2400
After starting medical school, I had to make many changes in my
study habits, lifestyle, and personality. One of the biggest
lifestyle changes I had to make was regarding my finances. I have
worked a job since the day I turned 14 and have had at least one
job, sometimes several, since then. Despite maintaining a part-time
job while in medical school, I have found that my financial status
has quickly shifted from having sufficient money to cover all of my
needs and even saving some to scrounging for every penny I can
find. I have outlined below some basic financial advice on how to
save money while in medical school. These are tips I learned
quickly from upper-year medical students, friends, my school's
financial aid office, and my own medical student experience.
Budget. What's that? - The number one advice I
can give to those experiencing a financial shift while starting
medical school is to create a budget and stick to it. Most of us
quickly learn to budget our time, but not all medical students
learn to budget their money as quickly. A realistic budget allows
for some spare cash and occasional money for a splurge, but it also
is a great way to keep yourself in check.
There is such a thing as a free lunch - If you
are willing to spend an hour with a given interest group or other
entity at your school, you will likely be privy to a free meal to
"compensate" you for your time and interest. Many groups,
especially new groups or those interested in signing new members,
have realized that this is a quick way to garner interest from
their medical student population. At my school, some groups have
even tried to outdo others by advertising "non-pizza" meals.
That loan thing - While student loans are a
mainstay of medical education, paying them off early is prime
advice. The debt-to-income ratio for medical students has doubled.
According to the American Medical Association, the graduating class
of 2012 had an average educational debt of $166,750. If you find
that you do not need to borrow as much for next school year or can
pay off a little this year, now is the time to take advantage.
While you need a sufficient amount of loans to pay your tuition,
the "luxuries" of life that your loan also covers can be
significantly cut back. The stark reality is that you will likely
need to pay back at LEAST twice as much as you borrow during your 4
years of medical school.
Coffee breaks add up - Caffeine is a must for
many medical students balancing late nights of studying and early
morning classes and coffee quickly became a new food group for me.
With a typical coffee from an upscale shop costing upwards of $5, a
two-cup-per-day habit can quickly turn into both a health and
financial nightmare. I found that making coffee at home or skipping
switching one cup per day for water can save an enormous amount of
Who has time for TV? - Through an advantageous
confusion on the part of my local cable company, I quickly realized
that I did not need to pay a monthly bill for cable. With a
functioning computer and internet access, there really is no need
for television. Medical students spend most of their time studying,
and there are several options for to catch your favorite show or
football game. There is often a lounge with a television somewhere
on campus if you have a favorite reality show you must catch live
each week. There are many sites on the internet that offer delayed
viewing of most current television shows, old episodes of classic
shows, full-length movies, and music selections. Many gyms have
televisions on their cardiovascular equipment, and you can kill two
birds with one stone by watching the local news and getting a
workout. Also, there are multiple bars and restaurants that will
cover your favorite game on an HD big screen television if you're
not interested in going to the gym.
Insurance - I found recently that because I am
putting significantly fewer miles on my car, I am eligible for a
discount on my car insurance. Most insurers also offer "good
student" discounts on their plans. Make sure you discuss your
situation change with your insurer. I hate to bring up the
Affordable Care Act, but there are many potential benefits to this
for medical students. Younger students (under 26) qualify to remain
on their parent's insurance through most or all of their education.
This is often significantly better coverage for a reduced premium
because the cost is dispersed for the whole family. While this
unfortunately is not true in my state, in many states all
unemployed or low-income citizens (including students) are eligible
for Medicaid insurance. If you must qualify for the "individual
mandate," most schools offer, and some require, health insurance
for their students.
Among the many things I quickly learned in the first months of
medical school, how to be a frugal student was almost as much of a
crash course as my first cadaver lab. The information above has
been most beneficial for me since starting medical school. I hope
that sharing these financial tips will help current and future
students save money and feel less financial stress while studying
for their next exam.
Joshua Davis, MS1
Thomas Jefferson University
April 2014 Issue of IMpact
Articles Like This