How much tax do I pay?

Just because most MD Phd students don’t receive W2 or 1099 forms from their university (and therefore don’t have income reported to the IRS), doesn’t get you off the hook for paying taxes. As of 1986, graduate stipends are taxable. In the US, individuals are responsible for calculating and paying their taxes.

Disclaimer: we’re not tax experts; we’re not accounting students. Everyone’s situation is different. Consult your tax advisor. Thanks

Supplemental loans for MD/PhD Students

Because the MD/PhD stipend offered by the NIH at participating MSTP programs is designed to meet your financial need, it is usually difficult to find need-based scholarships to cover additional family obligations for students with families and those carrying personal debt.
But this is the great US of A, and with a strong earning potential in front of you banks would love to loan you money. The downside is that your loans will begin accruing interest throughout your residency, if not immediately. We recommend talking with your financial aide office about private loan information that may meet your personal circumstance before heading out to the regular market.

NRSA NIH Fellowship

One avenue to increase your stipend during some of your PhD years and your final years as a medical student is through a NIH F30 fellowship. The prestigous fellowships, often called an “F30” or “NRSA grant”, provide an opportunity to fund your research. Importantly, they also provide an additional $3,000 stipend payment (may vary slightly across universities). F30 program is specifically designed to support training in an accredited, combined MD/PhD program.

Other Things to Keep in Mind