Medical School Scholarships & Aid | UCLA Med School (2024)

FAQs

What medical school gives the most financial aid? ›

General Overview of Scholarships for Medical School

Finally, we can't forget about tuition-free medical schools, such as Kaiser Permanente School of Medicine, New York University, and Albert Einstein College of Medicine. These schools cover their students' full tuition, regardless of merit or financial need.

Federal student loans are available to most medical students. As a medical student, you are considered a graduate/professional student, which means you will be able to complete the Free Application for Federal Student Aid (FAFSA ) on your own — without needing information from family members.

If the financial aid package you've been offered isn't what you hoped for, be honest and try to negotiate with the school's financial aid office. You can use one school's offer to bargain with another school; after all, multiple offers show that you are a valuable and sought-after medical school candidate.

Johns Hopkins joins a few other medical schools that have become tuition-free in the past few years, including NYU Grossman School of Medicine, Kaiser Permanente Bernard J. Tyson School of Medicine, and, most recently, Albert Einstein College of Medicine.

Private Student Loans

Although you should start with federal loans, private loans can play an important role in paying for medical school. If you exhaust your other financing options, you can use a private student loan to cover the remaining balance that you owe so you can complete your education.

What Is the Cheapest Med School in the US? According to U.S News, the cheapest medical school in the US is the University of Texas Health Science Center, followed by: Texas A&M University. Texas Tech University Health Sciences Center.

Check the school's requirements for FAFSA filing dates. As a medical school applicant, you are considered an independent student for federal student aid, and parental information is not needed on the FAFSA form.

How to pay for the cost of living in medical school? ›

You won't be getting Pell grants for med school, but you'll still qualify for the types of unsubsidized loans that all grad students do regardless of income.

Although not everyone qualifies for a large enough scholarship to cover the costs of medical school, there are likely several sources of funding that are available to support your interests. Smaller scholarships that offer a couple hundred dollars can especially add up over time if you apply to several.

Between medical school and undergraduate study, physicians must pay for 8 years of postsecondary education before they can work as doctors. Medical school graduates owe an average of $243,483 in total educational debt, premedical debt included.

Health Professions Stafford Loan Limits Are Higher

For students in medical, dental school, and other health professions, the borrowing limit for Stafford loans is higher. For example, for medical and dental school, the per year maximum for Stafford loans is $40,500 and the aggregate max is $224,000.

Award amounts can change yearly. The maximum Federal Pell Grant award is $7,395 for the 2023–24 award year (July 1, 2023, to June 30, 2024). The maximum Federal Pell Grant award is $7,395 for the 2024–25 award year (July 1, 2024, to June 30, 2025).

100% Need Met

If your family demonstrates you can only pay part of college costs, or none at all, Hopkins covers the rest.