Admit.org Medical School Debt Calculator
EDIT: As of 5pm CST on 3/12/26 a number of corrections were made. Make sure to create a new copy of the sheet for your calculations if you used the sheet before these corrections were made!
Hi all!
As the cycle comes to an end, I imagine many of you will be weighing your options on where to matriculate. With the help of a friend, I have created a Google Sheets tool that will calculate your debt payoff timeline depending on specialty, age, cost of attendance, and taxes (local and state, married vs. single, etc).
The tool makes a few assumptions. Notably, it does not factor in your ability to refinance loans after medical school and after residency. If you make use of refinancing, your payoff timeline will be lower than what's listed in this tool. It also assumes that your private student loan interest rate will be the same as the federal student loan interest rate, which is currently 8%. Lastly, its calculation to determine yearly interest after repayment has begun is a simplified version of reality.
I hope this tool is helpful to all of you! The sheet itself cannot be edited, so make a copy of it first to input your own numbers. Click the link: