Applying for Financial Aid

WMed offers financial assistance for it's degree programs including the Doctor of Medicine, master's, and dual-degrees. 

The Free Application for Federal Student Aid (FAFSA) is the only application required to be considered for financial aid programs.

Steps to submit the FAFSA:

  • Obtain a Federal Student Aid ID (FSA ID) at https://fsaid.ed.gov
  • Submit the FAFSA at https://fafsa.ed.gov
  • If an MD degree student applying for need-based institutional aid, include parent data unless eligible for an exclusion (see Merit Based Scholarships section below)
  • The 2017-18 FAFSA require 2015 (not 2016) federal tax year information
  • Review the Student Aid Report (SAR) sent from the federal processor to make sure there are no requests for missing or incomplete data
  • Some students may be selected for a process called "Verification." If selected, the student and spouse, if applicable, ( and parent, if applicable,) may be asked to submit a signed copy of federal tax returns, including all schedules, or a federal tax transcript obtained from the IRS, and W2 forms. Our office will communicate via the email address on file if additional documentation or information is required as a result.

Important Update About the FAFSA Data Retrieval Tool (DRT)

The Internal Revenue Service (IRS) and Federal Student Aid (FSA) recently announced that the Data Retrieval Tool (DRT) on the FAFSA website will be unavailable until extra security protections can be added. Students and families should plan for the tool to be offline until the start of the next FAFSA season. Students (and parents, if required) completing a 2017-18 FAFSA for WMed should manually enter 2015 (not 2016) tax information.  

Merit-Based and Need-Based Scholarships (for MD degree-seeking students only)

All students are automatically considered for merit-based awards without being required to submit an application. Award notices are sent electronically to students via the email address on file.

A FAFSA is not required by WMed but may be required by some external scholarship programs.

When completing the FAFSA for need-based aid consideration, the student and parent sections 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.

Students demonstrating eligibility for need-based scholarships may be required to submit signed copies of federal tax returns, including all schedules or federal tax transcripts obtained from the IRS, and W2 forms. This is due to the current unavailability of the DRT tool on the FAFSA.

Student Loan Programs

Students who submit a FAFSA and meet federal eligibility requirements will be offered federal Direct Unsubsidized and Grad PLUS loans as part of their financial aid award offer. Students should carefully consider their expenses and borrow only the amount of loans that they need.

Students are encouraged to consider borrowing federal loans before considering private/alternative loans. Federal loans include benefits such as fixed interest rates and income-driven repayment plans not typically offered with private loans. Private loans may not have the same flexibility of repayment or may be more expensive than federal student loans.

Students considering private/alternative loans can find information about Student Loan Comparisons at:

AAMC Federal versus Private Loans

FinAid Student Loan Comparisons

Students can compare private education loans at:

Credible

Simple tuition

Before applying for or accepting federal or private/alternative loans, review the Loan Programs information.

Application Deadlines

Application Type Available Deadline
Free Application for Federal Student Aid (FAFSA) October 1 of each year for the following academic year. Priority deadline is March 31 each year.
Private loan and 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 FAFSA and submit any requested documents on an annual basis within stated deadlines
  • Register with the Selective Service, if required (for males only)
  • 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
  • Not have a prior drug conviction while receiving federal Title IV funds 

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:

LEARN MORE

Scholarship Programs

  • WMed Scholarships
  • External Scholarships and Awards
  • Scholarship Searches
  • Service Commitment Scholarships

Loan Programs

  • Basic Tips for Student Loan Borrowers
  • Managing Student Loans During Medical School
  • Federal Student Loans
  • Private/Alternative Loans

Loan Repayment and Forgiveness

  • 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.