Fees and Financial Aid
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|
|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|
|Books & Supplies||1,200||1,200||1,740||500|
|Personal & Food||3,600||4,500||6,000||6,000|
|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.
Origination fees are assessed for each disbursement of the federal student loans. The current fee rates are 4.272% for Graduate PLUS Loans and 1.068% for the Unsubsidized Loan.