When it comes to paying off your medical school loans, it's critical to choose a loan term with a monthly payment that you can afford. If you have federal student loans, the standard repayment term is 10 years. However, you may be able to lower your monthly payments by consolidating your loans — which gives you a 30-year repayment term — or selecting an income-driven repayment plan.
Private student loan lenders set their own repayment plans and standards, but you generally have more terms to choose from. Many have term options from five to 20 years, so you can select the one that best fits your budget.