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School of Medicine

FINANCIAL AID NEWS
for
Biomedical Students
and
Medical Students





BIOMEDICAL STUDENTS

Biomedical (BMS) refers to the following programs:  MS of Anatomy, MS of Biochemistry, PhD of BMS, MS of Clinical Research Methods, MS of Medical Genetics and Genomics, PhD of Medicine, MS of Microbiology and Immunology, MS of Molecular Medicine, MS of Molecular & Cellular Pathobiology, MS of Pharmacology and MS of Physiology. 


HERE is general information that is applicable to each of the above programs.  To guide you through the financial aid process, please refer to the 2017-2018 BMS Incoming Student Checklist.




MEDICAL STUDENTS


CRITICAL INFORMATION FOR INCOMING STUDENTS REGARDING YOUR SOCIAL SECURITY NUMBER

The Gibson Online portal is where you will need to provide Tulane with your Social Security Number. Once you are ACCEPTED, the School of Medicine Admission department will send to you your Tulane Log-in and PIN.  With these credentials, you will be able to navigate to Tulane's secure "Gibson" portal at http's://gibson.tulane.edu/tulane/jsp/login.html.

As you log into Gibson Online, you will be asked to input your Social Security Number. Please do so when first prompted as you will NOT be prompted each time you log in.  Tulane University must have your Social Security Number in order to be able to download your Free Application of Federal Student Aid (FAFSA) from the Department of Education.  

If you have been accepted and have not received your Tulane log-in and PIN, then please the School of Medicine Admission Department at medsch@tulane.edu and ask them to send your log-in credentials to you.  The Financial Aid staff does not have access to this data.

 

INCOMING AND CONTINUING STUDENTS 2018-19 TIME FRAMES


INCOMING STUDENTS: In February or early March 2018, you are encouraged to complete your 2018-2019 FAFSA and your 2018-2019 School of Medicine Financial Aid Addendum.   In order to receive an offer of aid prior to April 30, 2018, it is recommended that you have them completed prior to March 15, 2018. We continue to process admitted student aid throughout the year, so applications received after March 15, 2018 will be processed. Keep in mind that we cannot make an offer of aid until after the School of Medicine has made an offer of admission to you and you have input your Social Security Number in Gibson Online.


CONTINUING STUDENTS: You are encouraged to have your 2018-2019 FAFSA and your 2018-2019 School of Medicine Financial Aid Addendum completed by March 15, 2018. MD/MPH, MD/MBA and MD/MS ANATOMY students planning on attending the summer session especially need to have their FAFSA's completed in March.

 

View My Financial Aid Online

You may view financial aid information at Gibson Online.

For an example of site navigation, click here.

For directions on accepting an award, click here.



FINANCIAL AID NEWS: FEDERAL STUDENT LOAN INTEREST RATE CHANGES

On August 8, 2013, President Obama signed the Bipartisan Student Loan Certainty Act of 2013 into law. As a result, interest rates on Federal Student Loans will be adjusted each year.

2017 - 2018

Interest rates for Department of Education loans first disbursed on or after 07/01/17 and on or before 06/30/18 will have a fixed interest rate for the life of the loan. The interest rates are as follows:

Federal Direct Unsubsidized Loan for Graduate Students: 6:00%

Federal Direct Graduate PLUS Loan: 7.00%


For additional details, please refer to http://ifap.ed.gov/eannouncements/080913DirectLoanInterestRate2013t2014Eff070113.html.



FINANCIAL AID ORIENTATION AND JEFFREY HANSON EDUCATIONAL SERVICES 

Dr. Hanson's presentation and handouts are on our Debt Management Page Financial Literacy page (see right column).

 

Financial Aid Orientation (08/10/2017)

All first year medical students who are receiving aid are required to attend The Financial Aid Orientation on during the first week of school.  Attendance is mandatory per Marc Kahn, Associate Dean for Student Affairs.

The 2017 orientation had two presentations; the first presentation was by Michael Goodman, Associate Vice President of Financial Aid.  The second presentation was by Jeffrey Hanson, PhD.

 

 

REFUND DISBURSEMENT VIA DIRECT DEPOSIT 

Direct Deposit is the fastest way to receive your financial aid living expense refund. In order to receive a Direct Deposit refund you will have to set it up in Accounts Receivable.   They are currently developing a new system to handle this function and information will be shared with you when it is available.

After school starts, you will be notified when you have a credit balance in Accounts Receivable, then you need to go to Accounts Receivable's web site and request a refund on their system.

If you have any questions pertaining to billing and payments, please go to the Accounts Receivable web site as it is loaded with information, or you can phone them at 504-865-5368.

 

NATIONAL HEALTH SERVICE CORPS LOAN REPAYMENT NEWS

The National Health Service Corps offers primary care medical, dental and mental health clinicians up to $60,000 to repay student loans in exchange for two years of service at health care facilities in medically undeserved areas. Learn more at the Department of Health and Human Services web site.


ONLY FOR MD/MPH, MD/MBA and MD/MS ANATOMY STUDENTS; SUMMER WORKSHOP AND APPLICATION INFORMATION (March 2018)

A Summer Financial Aid Workshop will be held in March 2018. The purpose of this workshop is to explain the summer financial aid process, which is a bit different than the fall and spring semesters. AFTER registering for summer classes, students wanting summer financial aid should complete a 2018 Summer HEALTH SCIENCES Addendum on line.



To receive your summer aid in a timely manner, we recommend that it be completed online by APRIL 15, 2018; however, the deadline for turning in the Summer Addendum is June 15, 2018.



To assist you in learning about summer aid, you can review the Power Point presentation from the 2017 workshop.


  

FOURTH-YEAR STUDENTS ONLY

Residency and Relocation Loans are NON EDUCATIONAL CONSUMER LOANS that are available directly from your respective lenders to provide you with additional funds to travel for interviews, as well as provide funds for you to move after graduation. Since these loans are not educational student loans, University Financial Aid does NOT have a role in the processing of this loan. You apply directly to your lender and the funds are sent directly to you.

 

Health Sciences Financial Aid, Tulane University, New Orleans, LA 70112 504-988-6135 dfasull@tulane.edu