Trainee Salaries and Financial Resources
The UCSF School of Medicine is sensitive to the high cost of living in San Francisco as well as the financial strain on most residents and clinical fellows. Below are some resources to help residents and clinical fellows during their training at UCSF.
UCSF Clinical Training Salary Scales
Rates Effective July 1, 2024
Salary combined with housing allowance as of July 1, 2024:
| PGY Level | Monthly Rate | Annual Rate |
| I | $7,690.33 | $92,284.00 |
| II | $7,898.08 | $94,777.00 |
| III | $8,152.42 | $97,829.00 |
| IV | $8,418.08 | $101,017.00 |
| V | $8,704.42 | $104,453.00 |
Increases as a result of CIR collective bargaining agreement (July 1, 2022 - June 30, 2025)
Further increases will be determined by negotiation with union.
Student Loan Repayment Programs
The UCSF Student Financial Aid Office offers resources to residents and fellows to assist with student loan and debt management.
Learn more about UCSF Student Financial Aid
Blumberg Loans
The Blumberg Loan is an interest-free loan that was established through the Office of Graduate Medical Education (OGME) to financially assist UCSF residents and clinical fellows. Residents and clinical fellows may request a loan from a month prior to their training start date through five months prior to their training end date. The loan may be in the amount of $1,200, $2,400 or $3,600.
For all loans, including those requested prior to starting date, the GME contract must be completed and signed, in both MedHub and OLPPS entry must be completed. Direct Deposit must be set up with UC Path.
Please see the application form below. Email [email protected] with questions regarding the Blumberg Loans.
Retirement Planning Resources
The Human Resources resident and fellow benefits page have information on the trainee's safe harbor plan and other retirement planning options.
Learn more about retirement planning resources.
Financial Literacy Resources for Residents
The AAMC has collaborated with American Student Assistance (ASA) to help academic medicine community members strengthen their financial literacy and money management skills. ASA's program,SALT™, is a financial education and engagement program that empowers students and alumni to manage, pay for, and pay back college costs while improving their financial literacy skills. SALT's financial education resources are now available to medical students, residents, faculty, and staff at AAMC-member institutions.
