MedDebt provides a free, browser-based calculator that lets medical students and residents model PSLF, refinancing, and aggressive payoff strategies using specialty-specific salary presets and real-time policy updates. The tool runs entirely client-side, so user data never leaves the device, and it offers an AI Co-Pilot that auto-populates calculations from a natural-language description.
Funding
Funding not disclosed
Founders
Product
Problem
Medical students and residents face complex decisions about repaying six-figure student loan debt, often with limited personalized guidance. Traditional planning tools and generic financial calculators don't account for physician-specific factors like specialty-based salaries, multi-year residency training periods, and evolving federal loan forgiveness policies. This leads to suboptimal repayment strategies that can cost physicians tens of thousands of dollars.
Solution
MedDebt is a specialized financial planning platform that models the complete physician loan journey in under two minutes. The interactive calculator compares PSLF, refinancing, and aggressive payoff strategies side-by-side, with 21 specialty salary presets and training timelines already built in. It visualizes a net-worth crossover year—the point when a physician's financial situation turns positive—by accounting for taxes, living expenses, and investment opportunity costs. The tool runs entirely in the browser as a client-side React app, ensuring user data never leaves the device, and updates automatically as federal loan policies change.
Target Audience
Primary users are medical students, residents, and fellows who need to make informed decisions about loan repayment, along with financial aid offices at medical schools and GME programs seeking a licensing tool for their students.
Features
- 21 specialty salary presets that auto-fill from Marit Health data, including variable residency and fellowship lengths
- Side-by-side comparison of PSLF, refinancing, and aggressive payoff strategies with real-time chart redraws
- Net-worth crossover year visualization that accounts for taxes, living expenses, and investment opportunity costs
- AI Co-Pilot that loads calculator inputs from a natural-language description of a user's situation
- Client-side React architecture with no server endpoints, ensuring all data remains private on the user's device
- Automatic policy updates reflecting recent changes like SAVE elimination and RAP launch
- Borrowing defaults sourced from AAMC graduation surveys and PSLF rules from studentaid.gov