While the Medical College enjoys one of the largest internal scholarship and loan programs of any private medical school, many students are entering with considerable debt and costs increase each year. Students in the Class of 2007, had an average debt of $108,807 including undergraduate debt. This was less than the national average in public and private medical schools. Forty (40) students borrowed over $100,000. Students who qualified for outside scholarships borrowed less than the average. Students without the calculated parent contribution or with dependent expenses borrowed more. Most loan programs offer forbearance and graduated or income based repayment.
| Single Student Budget - First Year (2007-2008) |
| Tuition and fees |
$40,890 |
| Living expenses |
$20,205 |
| Books and equipment |
$1,900 |
| TOTAL |
$62,995
|
|
| Sample Financial Aid Packages |
| (Family adjusted gross income = $97,300 -plus assets) |
| Parent(s) contribution |
$12,388 |
| Student contribution |
$ 1,200 |
| Unit Loan - $26,330 |
| Federal loan |
$ 8,500 |
| Medical College loans |
$17,830 |
| Medical College grant |
$23,077 |
| TOTAL |
$62,995
|
| (Family adjusted gross income = $34,538 - no assets) |
| Parent(s) contribution |
$ 900 |
| Student contribution |
$ 1,200 |
| Unit Loan - $26,330 |
| Federal loan |
$ 8,500 |
| Medical College loans |
$17,830 |
| Medical College grant |
$37,656 |
| TOTAL |
$62,995
|
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