Fees and Financial Aid

Financial Considerations

The accompanying table shows an estimate of first year student costs for the academic year 2014-2015. The Room and Board charge is based on average room rates for 26th Street along with estimates for food and utilities. If you reside off-campus, your expenses will be higher.You may be able to finance the additional expenses through the unsubsidized portion of the Federal Stafford Loan or the Federal Graduate PLUS Loan. Summer expenses will not be included in your financial aid award.

While these figures are estimates of your educational expenses for the academic year, your actual budget may vary due to your choices in living arrangements and lifestyle. Aid may be adjusted to reflect actual costs on a case-by-case basis.

Loans, Scholarships, and Outside Work

The School of Medicine has low-cost educational loans available to students in need. Repayment is deferred while you are a student and interest charges do not exceed six percent in repayment.

Scholarship funds are distributed primarily based on financial need in order to attract the most competitive and diverse class. A $40,500 Stafford Loan is available with unsubsidized interest to cover any additional educational costs. These loans are the primary source of aid to students. Those students in need of additional aid are assisted through the Federal Graduate PLUS Loan.

Federal funds through the College Work Study Program are available for medicine-related summer jobs for students who qualify for financial aid.

Estimated 2015-2016 Tuition, Fees and Expenses

2015-16 COST OF ATTENDANCE
Class M1 M2 M3 M4
  2019 2018 2017 2016
Months 10 10 11 9
Academic Calendar 8/17/15 - 6/10/16 8/17/15 - 6/19/16 6/29/15 - 6/19/16 8/24/15 - 5/15/16
Tuition 49,080 49,080 49,080 49,080
Fees 4,950 4,950 4,950 4,950
Direct Cost $54,030 $54,030 $54,030 $54,030
         
Health Insurance 5,311 5,311 5,311 5,311
Books & Supplies 1,200 1,200 1,740    500
Housing 14,400 14,400 17,435 14,265
Personal & Food 3,600 4,500 6,000 6,000
Loans Fees    434    434    434    434
USLMES Fees      590 1,840      -  
Indirect Cost $24,945 $26,435 $32,760 $26,510
         
Total Est. COA $78,975 $80,465 $86,790 $80,540
         

This budget approximates the cost of attendance for the academic year. These figures are used to calculate financial aid eligibility.

Cost for living expenses may vary based on individual student circumstances. Students may petition the Office of Financial Aid for consideration of their individual living expenses. We cannot consider outstanding debt when calculating financial aid eligibility.

Health Insurance is required for all students not covered by their parent(s)'s insurance. Information on health insurance waivers will be sent separately.

Loan Fees charged by the Direct Loan program at disbursement. This amount assumes that the student borrowed the full $40,500 in Direct Loan Program for the academic year.

2015-2016 Financial Aid Guide