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Medical School Scholarship Programs

Financial Aid for Medical Schools

Here again, shouldn't you let the cost of medical education restrict your choice of medical schools. When you're accepted, the school will work with you and your family to make sure you'll be able to pay your tuition fee and living. Here are the list of loans available for medical students:

  • Stafford Loan program (formerly the Guaranteed Student Loan)
  • Health Education Assistance Loan (HEAL)
  • Supplemental Loan for Students (SLS)
  • Perkins Loan
  • Homan Loan
  • University Loans

You may want to consider federally-funded Armed Forces Scholarship and the Medical Scientist Training Program (MSTP) which are open to all and pay tuition plus stipend.

So, your financial aid is mostly loans, but don't worry about it because, with a hight salary as a physician, you'll be able to pay them back easily after your graduation. Take a look at statistics in the Physician compensation Survey Report on salaries of specialties:

Specialties Median Compensation
Anesthesiologist  
$220,800
Cardiologist  
$258,875
Family practitioner  
$101,876
General surgeon  
$172,952
Neurologist  
$132,000
Pediatrician  
$104,937
Psychiatrist  
$110,143
 

Medical School Scholarships

  1. Pennies from Heaven Scholarship Guide (excerpted from the UCLA website)
    Scholarship Database, the Student and Resident Financial Services Office at the David Geffen School of Medicine at UCLA published the first edition of Pennies from Heaven for its students. In it, we attempted to provide a comprehensive list of non-UCLA scholarship and loan sources to which our students might apply. As new funds surfaced and old ones vanished, we tried to keep abreast of the changes by publishing several editions (1988, 1990, 1992, 1994, 1997, and 1999).
    http://www.medstudent.ucla.edu/fao/pennies
  2. The National Health Service Corps. (Excerpted from the NHSC website)
    The National Health Service Corps (NHSC) is committed to improving the health of the Nation's underserved:
    • Uniting communities in need with caring health professionals
    • Supporting communities' efforts to build better systems of care
    The NHSC provides comprehensive team-based health care that bridges geographic, financial, cultural, and language barriers. We will not stop until all Americans, everywhere; have access to quality health care, especially for health issues that have the highest racial, ethnic, and socioeconomic disparities in treatment success. HIV/AIDS, mental health, dental care, cardiovascular disease, cancer, diabetes, childhood and adult immunizations, and infant mortality are this organizations concerns.

NHSC Scholarship Application Information Bulletin
http://nhsc.bhpr.hrsa.gov/applications/scholar_04
This Applicant Information Bulletin explains in detail the NHSC Scholarship program, including eligibility requirements, funding preferences, application process, benefits and service requirements. Learn more about the NHSC Scholarship Program by reading the Applicant Information Bulletin. Please note that this is not an application. Applications for the NHSC Scholarship Program can be obtained by calling 1-800-221-9393.

NHSC Loan Repayment Application Information Bulletin
http://nhsc.bhpr.hrsa.gov/applications/lrp_05
This Applicant Information Bulletin explains in detail the FY 2005 NHSC LRP, including eligibility requirements, funding preferences, application process, benefits and service requirements. Learn more about the NHSC Loan Repayment Program by reading the Applicant Information Bulletin. Please note that this is not an application. Applications for the NHSC LRP can be obtained by calling 1-800-221-9393.

  1. Armed Forces Health Profession Scholarship Program

Amount: Full tuition, fees, and monthly stipend. Stipends are subject to taxation. Required books and microscope rental fee are reimbursed. All three branches offer scholarships. Restriction: Candidates must be no more than 35 years old at graduation for the Army and Air Force; the Navy extends this age limit to age 40. Prior military time may waive this restriction - contact your recruiter.

Repayment: One year's active service as a commissioned officer for each year of scholarship support is required. (4 year, 3 year, 2-year scholarships available). The minimum obligation is three years. The Army and Navy offer a two-year scholarship with a payback of a three-year obligation. Applications: Contact the nearest Army, Navy, or Air Force recruiting office. Our FAO offers these phone numbers for your assistance. Each branch maintains separate deadlines. Start the application process early.

Military Representatives:

  Navy Army Air Force
Contact Andrea M. DeSanto David A. Glen Abbey Carey
Title Lieutenant Captain Technical Sergeant
Phone (800) 252-1586 ext. 291 (626) 535-9711 (562) 435-0019
E-mail desantoa@cnrc.navy.mil David.Glen@usarec.army.mil abbey.carey@rs.af.mil
Web Site www.elnavy.com
 
www.goarmy.com www.airforce.com

 


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