The stipend levels for the 2008–09 training year are as follows: PGY 1. . . . . . . . . . . . . . . . . . . . $46,865
PGY 2. . . . . . . . . . . . . . . . . . . . $49,048
PGY 3. . . . . . . . . . . . . . . . . . . . $51,575
PGY 4. . . . . . . . . . . . . . . . . . . . $54,774
PGY 5. . . . . . . . . . . . . . . . . . . . $57,606
PGY 6. . . . . . . . . . . . . . . . . . . . $60,014
PGY 7+. . . . . . . . . . . . . . . . . . . $62,840 The stipend levels for the 2009-10 training year are as follows: PGY 1. . . . . . . . . . . . . . . . . . . . $48,270.96
PGY 2. . . . . . . . . . . . . . . . . . . . $50,519.04
PGY 3. . . . . . . . . . . . . . . . . . . . $53,122.32
PGY 4. . . . . . . . . . . . . . . . . . . . $56,143.44
PGY 5. . . . . . . . . . . . . . . . . . . . $59,046.24
PGY 6. . . . . . . . . . . . . . . . . . . . $61,514.40
PGY 7+. . . . . . . . . . . . . . . . . . . $64,411.20 Call 1-888-449-0016 for questions regarding stipends.
The housestaff member’s starting level is determined by the prerequisites for the specific training program to which he/she is appointed. For example, if a program requires one year of previous training the individual’s stipend shall start at the PGY-2 level. Additional years spent in research, employment, or training outside of prerequisities for the specialty or sub-specialty program are not used for determining PGY-level. The only exception is for sub-specialty fellows who were previously appointed as a chief resident for an additional year of training in pediatrics or internal medicine in an ACGME- accredited program. These individuals will be given one year of credit in addition to the prerequisites for the subspecialty training program. Please note that trainees who are supported by certain federally funded grants may need to have a modification in how they receive their stipends. If the amount of the funded stipend is less than the applicable PGY-level McGaw stipend, the individual will receive an additional stipend to make up the difference unless prohibited by federal guidelines.
Information about stipend checks, direct deposit, withholding taxes, etc. is provided by McGaw Payroll and Benefits at the following link McGaw Payroll. | 
