Welcome to the Office of Financial Aid
The Western Michigan University Homer Stryker M.D. School of Medicine Office of Financial Aid approaches the financing of education in a holistic way that is consistent with the institution’s mission, purpose, and values. The information, programs, and services we provide are accurate, unbiased, without prejudice or personal gain, and compliant with all other institutional policies and procedures to the best of our knowledge and ability.
Choosing how to finance education will have an impact well beyond graduation, and is one of the most important decisions that students will make. Our goal is to ensure that applicants and students have the information, tools, and resources necessary to achieve lifelong educational and career success.
At this time, our office administers institutional merit- and need-based scholarships, private/alternative loans, external scholarships, and third party financial assistance programs such as veteran's benefits, the Armed Forces Health Professions Scholarship Programs, and National Health Service Corps Scholarship Program. Federal Direct Student Loan programs (Unsubsidized and Grad Plus Loans) will become available upon approval by the U.S. Department of Education which is anticipated in early 2017.
We provide services, information, and counseling to assist students as they navigate their financial aid options in the areas of:
- Applying for financial aid and the financial aid process
- Exploring sources of funding
- Budgeting and money management techniques
- Debt and loan management
- Personal financial concerns
We help students maintain their financial wellness by making tools, resources and qualified individuals available throughout medical school to provide individualized assistance. The financial wellness program is part of the medical school curriculum under the competency of Personal Management and Self-Care.
Click here for financial wellness resources.
How to Apply for Financial Aid
WMed offers financial assistance for it's degree programs including the Doctor of Medicine, master's, and dual-degrees. WMed does not offer study abroad programs.
WMed anticipates approval from the U.S. Department of Education for participation in federal student aid programs for 2017-18. Prospective and continuing students will be notified when approval is granted and the Free Application for Federal Student Aidd (FAFSA) can be submitted for our school.
Both the 2016-17 and 2017-18 FAFSA will use 2015 federal tax information. When completing the income sections of the FAFSA, students (and parents, if required for need-based aid consideration) should use the IRS Data Retrieval Tool (IRS DRT) to import 2015 tax information into their FAFSA.
A FAFSA application may be selected for verification by the federal processor or by our office. If selected, the student (or parent, if applicable) may be asked to submit a federal Tax Transcript. Signed copiees of federal tax returns cannot be accepted in lieu of a Tax Transcript.
Students are notified via the email address on file of any application requirements, missing documenets, award notices, and changes in eligibility.
All students are automatically considered for merit-based awards without being required to submit an application.
For 2016-17, students must submit the annual NeedAccess application to be considered for institutional need-based scholarships. This is the last year that the NeedAccess application will be available.
For 2017-18, new students will submit a FAFSA.Applicants will be notified when it becomes available for our school.
Continuing students will be awarded on the basis of 2015 federal tax information as provided on the NeedAccess application. This is to be consistent with the FAFSA application which will use 2015 information for both the 2016-17 and 2017-18 academic yeears.
A FAFSA may be required by some external scholarship programs.
The student and parent sections of the FAFSA application must be completed unless the student:
- Is 30 years of age or will turn 30 by December 31 of the academic year in which aid is requested.
- Has dependents other than a spouse.
- Is a veteran of the armed forces.
- Has not been claimed on another individual’s federal tax return for at least 7 years.
- Was granted “independent” status by an undergraduate financial aid office.
Student Loan Programs
At present, Western Michigan University Homer Stryker M.D. School of Medicine does not participate in federal financial aid programs including federal student loans. Students requiring financial assistance through loan programs will borrow from a private/alternative lender until federal program participation is granted by the U.S. Department of Education.
Students requiring a private/alternative loan compare terms, conditions, interest rates and other features, and submit their application to the lender of their choice, using FASTChoice™
Before applying review the Loan Programs information.
Application Dates and Deadlines
|Free Application for Federal Student Aid (FAFSA)||Anticipated early 2017 based on pending approval by the U.S. Department of Education||Priority deadline is March 31|
|Federal and Private/Alternative Loan Applications|
Upon completion of FAFSA and notification of eligibility by the Office of Financial Aid.
Federal Student Loans also require completion of a Master Promissory Note and Entrance Counseling.
Priority deadline is March 31.
Allow at least 3 weeks prior to the academic year start date for the application process.
|External Scholarship Programs||Check with individual programs. Some require a FAFSA to determine need criteria.||Check with individual programs.|
Eligibility for Financial Aid
To receive and maintain eligibility for financial aid, students must meet the following criteria:
- Have a Social Security number
- Be a citizen or permanent resident of the United States
- Complete a Free Application for Federal Stuent Aid (FAFSA) and submit any requested documents on an annual basis within stated deadlines
- Register with the Selective Service, if required
- Be a degree-seeking student enrolled and attending at least half-time
- Not be in default on any state or federal grant or loan received at any institution
- Maintain Satisfactory Academic Progress
Students who may be at risk for meeting eligibility requirements should contact the Office of Financial Aid to discuss their circumstances.
Click on the links below to access this important information.
- WMed Scholarships
- External Scholarships and Awards
- Scholarship Searches
- Service Commitment Scholarships
- Basic Tips for Student Loan Borrowers
- Managing Student Loans During Medical School
- Federal Student Loans
- Private/Alternative Loans
- AAMC Searchable Database
- National Health Service Corps (NHSC)
- Veterans Affairs
Contact the Office of Financial Aid if you would like additional assistance or information, or have questions about available funding opportunities.
Last Revised 2/16/2017