1. ADMISSIONS:
Financial Aid

2. Financial Aid UMMS offers two types of financial aid applications:
Student Loan Only option (only student financial info required) OR
Institutional (Parental Financial info required)
Types of Institutional aid include :
Gift Aid (grants, scholarships & tuition waivers)
Loans (UMMS Institutional loans, various subsidized federal loan programs)
Other Resources:
District Medical Societies Click on member participation, districts and regions

3. Application Process Student Loan Only: Institutional Aid Application
Complete FAFSA with student information
Institutional Aid Application
Complete CSS Profile with parental information in addition to FAFSA
aid-profile
Provide Parents’ 2017 tax returns
If parents are divorced non-custodial parent must complete non-custodial profile

4. Financial Aid www.umassmed.edu/financialaid
Timeline for applying for next year
Application materials are posted on our website in mid-February. The deadline to apply for aid this past yis April 1, OR 4 weeks after acceptance if accepted after March 1, 2019
Print out the instructions page from UMMS website. This will have all of the online links you will need, the paper forms and step by step instructions on how to apply.
Complete the FAFSA, Sign MPN, complete online student loan entrance counseling
Disbursement for first year
Money will arrive first week of classes and again in January

5. Student Debt
2017 graduates average debt : Public Medical Schools: $167,260 Private Medial Schools: $187,717 UMASS Medical: $117,488

6. Learning Contract
All medical students can defer $5, of tuition through the UMMS Learning Contract annually.
Financial Aid application is not required to qualify for the Learning Contract.
All amounts deferred are eligible for cancellation through service payback (4 years full time or the part time equivalent).
Eligible service types include primary care, public service, community service and underserved. Complete list of eligible service types are posted on website.
Interest rate is fixed at 8%. Repayment term is 8 years.
More info:
(click on Learning Contract)

7. Costs 2017-2018 In-State Out-of-State Tuition $35,500 $61,050 Fees
$2,078
Total Direct Costs:
$37,578
$63,128
Room and Board
$14,000
Miscellaneous
$5,400
Health Insurance
$4,720
Books and Supplies
$2,845
Transportation
$3,400
Total Indirect Costs:
$30,365

8. AAMC FIRST
The AAMC has designed the FIRST for Medical Education program to help medical students navigate the complexities of student debt. FIRST offers a full range of Financial Information, Resources, Services, and Tools. The goal is to expand financial literacy, make smart decisions about student loans, and manage your student debt wisely.
The Medloans® Organizer and Medloans® Calculator allows you to enter, track, store and run repayment scenarios for your loans. To access the Medloans® Organizer and Calculator, please go to

9. Financial Aid
Questions???? Good Luck!!!!