Financial Aid

Budgets and Costs<

Resident  |  Non-Resident  |  Non-Resident Scholarship  

Escalating costs, current interest rates, and the decline in available financial resources make it necessary for you to plan for your medical education. 

The Office of Student and Career Services can assist you in evaluating your financial obligations.

Download the Budget Planning Worksheet to help determine your financial needs.

Budget Tips:

  • Request a Credit Report - www.annualcreditreport.com

  • Estimate your needs and plan a logical useable budget.

  • Consider all means available for meeting your financial needs.

  • Find a way to meet your basic needs without total depletion of resources. Keep in mind that misuse of financial assets can destroy an academic career as rapidly as misuse of time and energy.

  • It is important to keep personal records of all financial aid transactions.

  • Search for and apply for all scholarships and loans for which you may qualify.

  • Do not miss submission deadlines for forms and applications.

  • Find ways to curtail personal expenses.

  • Ask questions from your financial aid advisor.

  • Reassess your needs periodically.

Resident 2011-2012 Budget

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  M-I M-II M-III M-IV
  10 months 11 months 12 months 10 months
Educational expenses
Tuition $31,820 $31,820 $31,820 $31,820
Books $482 $486 $220 $181
Supplies $700 $400 $220 $350
Equipment $1,713 $0 $0 $0
USLME Fees $0 $535 $1,675 $0
USLME Travel Allowance $0 $0 $217 $0
Matriculation Fee $50 $0 $0 $0
Clinical Travel $71 $202 $3,353 $2,010
Vaccines $90 $50 $0 $0
Health Insurance $1,075 $1,075 $1,075 $1,075
Disability Insurance $17 $18 $36 $55
Beeper Rental $0 $0 $102 $85
Laptop and accessories $2,900 $0 $0 $0
Gross Anatomy Fee $1,000 $0 $0 $0
Smart Phone $0 $200 $0 $0
Residency Application $0 $0 $0 $400
Subtotal $39,918 $34,786 $38,718 $35,976
Living Expenses
Room $10,859 $11,945 $13,031 $10,859
Board $2,451 $2,696 $2,941 $2,451
Personal $2,690 $2,959 $3,228 $2,690
Transportation $1,670 $1,837 $2,004 $1,670
Subtotal $17,670 $19,437 $21,204 $17,670
Total Budgets $57,588 $54,223 $59,922 $53,646

Non-Resident 2011-2012 Budget

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  M-I M-II M-III M-IV
  10 months 11 months 12 months 10 months
Educational expenses    
Tuition $71,360 $71,360 $71,360 $71,360
Books $482 $486 $220 $181
Supplies $700 $400 $220 $350
Equipment $1,713 $0 $0 $0
USLME Fees $0 $535 $1,675 $0
USLME Travel Allowance $0 $0 $217 $0
Matriculation Fee $50 $0 $0 $0
Clinical Travel $71 $202 $3,353 $2,010
Vaccines $90 $50 $0 $0
Health Insurance $1,075 $1,075 $1,075 $1,075
Disability Insurance $17 $18 $36 $55
Beeper Rental $0 $0 $102 $85
Laptop and accessories $2,900 $0 $0 $0
Gross Anatomy Fee $1,000 $0 $0 $0
Smart Phone $0 $200 $0 $0
Residency Application $0 $0 $0 $400
Subtotal $79,458 $74,326 $78,258 $75,516
Living Expenses
Room $10,859 $11,945 $13,031 $10,859
Board $2,451 $2,696 $2,941 $2,451
Personal $2,690 $2,959 $3,228 $2,690
Transportation $1,670 $1,837 $2,004 $1,670
Subtotal $17,670 $19,437 $21,204 $17,670
Total Budgets $97,128 $93,763 $99,462 $93,186

Non-Resident 2011-2012 With Scholarship

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  M-I M-II M-III M-IV
  10 months 11 months 12 months 10 months
Educational expenses
Tuition $39,776 $39,776 $39,776 $39,776
Books $482 $486 $220 $181
Supplies $700 $400 $220 $350
Equipment $1,713 $0 $0 $0
USLME Fees $0 $535 $1,675 $0
USLME Travel Allowance $0 $0 $217 $0
Matriculation Fee $50 $0 $0 $0
Clinical Travel $71 $202 $3,353 $2,010
Vaccines $90 $50 $0 $0
Health Insurance $1,075 $1,075 $1,075 $1,075
Disability Insurance $17 $18 $36 $55
Beeper Rental $0 $0 $102 $85
Laptop and accessories $2,900 $0 $0 $0
Gross Anatomy Fee $1,000 $0 $0 $0
Smart Phone $0 $200 $0 $0
Residency Application $0 $0 $0 $400
Subtotal $47,874 $42,742 $46,674 $43,932
Living Expenses
Room $10,859 $11,945 $13,031 $10,859
Board $2,451 $2,696 $2,941 $2,451
Personal $2,690 $2,959 $3,228 $2,690
Transportation $1,670 $1,837 $2,004 $1,670
Subtotal $17,670 $19,437 $21,204 $17,670
Total Budgets $65,544 $62,179 $67,878 $61,602