Are stable levels of financial aid available to medical students?
Medical students have the ability to fund their medical education at IU School of Medicine through federal loans and a limited number of institutional scholarships. The expectation is that most students will need financial assistance to cover the cost of training, as nearly 80 percent of students who graduate each year have an average debt of $200,000 or greater.
If students have an "unmet need," how do they come up with the funds needed for medical education?
The Cost of Attendance is set each year and includes tuition/fees, books/supplies, housing, personal expenses and transportation expenses. Prospective applicants to the MD program at IU School of Medicine can email the Office of Financial Services to request the first-year Cost of Attendance. Students are able to meet any gaps in their funding by utilizing federal loan programs that include the Direct Loan Grad PLUS Loan Program.
Are spouses and dependents/children covered in a students budget?
Are there services/staff available to assist students with budgeting and financial planning?
The Office of Student Financial Services, part of the Office of MD Admissions, at IU School of Medicine, is available to guide medical students through the process of securing financial support for their medical education. This team posts information and advice related to financial aid and money management on the Med Student Money blog.
Does the school provide guidance to its students and graduates/alumni on debt management?
Yes. The IU School of Medicine Office of Student Financial Services offers assistance with student loan indebtedness and student loan management to students, residents, alumni and others.