Two Other Flexible Ways to Find Some Additional Cash to Pay off Your Medical School Dept 

Number 2: Medical Writing 

This is an idea that a lot of young residents consider to make some additional money so they can pay off their debts more quickly, I would know because I am doing this "write" now.  Many online magazines and newspapers want to hire medical professionals to give insight on common topics that plague their readers and pay a reasonable sum of money to make these articles happen.  For residents, they are often interesting topics that are related to the health field and can be written quite quickly.  Another benefit is the flexibility that comes with this type of employment where residents can whip out a few articles at a time on their off-days and make some additional money to pay off their loans.  

Another enjoyable aspect of this type of job is that residents can use these articles as a platform to educate a large number of readers and potential patients about some unhealthy habits they may do.  Unfortunately, the system is not set up where patients and doctors are able to have hour meetings to discuss a number of health-related issues and only pertinent education is done that just deals with the patient's ailment.  Through articles, a young physician can inform a larger number of people and hopefully alter some behavior to a more healthy manner.  

Residents are commonly asked by medical schools about their advice for STEPs, Matching, and Resident Life in general.  Most residents are willing to share this information to all those who ask.  Being able to write articles dealing with this material is rewarding for me because I can reach a larger audience and potentially give some advice to someone on the other side of the planet who I would not have ever met in person.  I utilized a lot of online resources and forums when making my decision to enter Medicine so if any of my feedback or experience can help someone else make up their mind, I am glad to have helped them make such a tough decision.  

READ 8 Things They Won’t Tell You about Medical School

Number 3:  Tutoring 

This is another potential way for a young medical doctor to make some extra cash on the side in order to help pay off his loans. Residents are tasked with educating patients, younger residents, and even medical schools every day about the important facts about relevant diseases.  It is a natural fit to teach outside of the hospital too if there is enough time to launch such a venture.  This can range from teaching material in science to younger children to something much broad like teaching a language.  This can be done at homes or even on Skype and can provide a much larger form of additional income to offset those large loans.  

I have a few friends doing this approach during their holidays or off-days and they can make a very respectable income moonlighting as a tutor on-line.  They are able to make their own schedules based on their availability and can make about $2,000 extra a month if they can do this consistently.  Although in the grand scheme of things, that is not a large sum of money but considering the average salary of a resident is $52,200, an extra $10,000 can go a long way in paying off bills and loans to make this time much less stressful.