Financial Aid

The cost of medical school is very high and getting higher. In general, medical schools do not consider ability to pay when selecting applicants. They expect that each student will manage to pay for tuition and costs through a number of resources. As you complete the application process, your main source of information will be the financial aid officers of the medical schools themselves.

Once accepted, they will put together a financial aid packet based on your estimated costs and ability to pay while trying to minimize potential debt. The aid you are offered is usually an important consideration in determining your final choice of medical school.

Most students will need to borrow some money to finance their medical education. A summary of various loan programs follows. Loans and scholarships may or may not be need based. General resources (such as The Graduate Scholarship Book, Financial Planning Guide for Medical Students in the United States, and Barron's Guide to Financing a Medical School Education), and information on financial aid provided by medical schools are valuable. (Our office may have information available on the subjects.)

Armed Forces Health Professions Scholarships and Loans are offered by the U.S. Army, Navy, and Air Force. They provide full tuition and reasonable expenses, along with a stipend. Repayment through active duty is required in return.

M.D.-Ph.D. programs usually provide tuition and stipends for participants. Federal funds from the National Institutes of Health are available through the Medical Scientist Training Program (MSTP); payback is equal to one year less than the period of support through service in a health-related research or teaching position. Funding through schools is usually available from schools where MSTP grants are not available.

102 Richardson Building, Tulane University, New Orleans, LA 70118 504-865-5798