Prehealth

DaVinci's Man

Financing Medical School

In addition to the substantial costs of tuition and fees for medical schools once you are accepted, there are several costs associated with the application process itself. These include taking MCAT preparatory courses, MCAT study guides, registering for the MCAT, AMCAS online application, fees for secondary applications, and travel and lodging costs for interviews (see cost of applying to medical school.)

MCAT preparatory courses (e.g., Kaplan and Princeton Review) can help improve your performance on the MCAT if you take them seriously, devote sufficient time to them, and take full advantage of the many practice exams they offer (see Standardized Exams). Their costs may seem high but are not significant when viewed relative to the overall costs of your undergraduate and medical education. MCAT study guides are available at most book stores. Practice exams are available on the AAMC website.

The MCAT and the AMCAS online applications are both administered by the AAMC. The AAMC offers a Fee Assistance Program (FAP) to US citizens or permanent residents who would otherwise be unable to take the MCAT or apply to AMCAS-participating schools. The deadlines for applying for the FAP are generally 6-8 weeks prior to the MCAT for which you are registering or 3 weeks prior to your first school's AMCAS application deadline. Applicants who receive FAP waivers may also be eligible for waivers from secondary application fees (see Application Process).

Medical school tuition costs and fees vary greatly depending primarily on whether the school is public or private, and whether you are an in-state or out-of-state resident. The most reliable way to investigate tuition and fee costs is to consult the MSAR or websites for individual schools (see Choosing Schools). Medical students generally supplement personal or family resources with federally subsidized or private loans to cover these costs. Medical school financial aid offices generally provide all the information you will need on available sources of loans. Much more information on financing medical school is available on the AAMC website. After graduating from medical school, you will most probably have incurred a substantial debt.

Three things should be emphasized relative to incurring these debts: 1) you must have a good credit rating to be eligible for the loans in the first place, so be very careful to pay your credit card bills on time; 2) after establishing a successful practice as a doctor, you will most likely be able to pay off these debts without sacrificing other priorities; and 3) if you drop out of medical school or fail to pass the licensing exams after graduating from medical school, you will have incurred substantial debt and may not have the means to pay it off (see What if I'm not accepted?).

Financial Resources and Information Links

AAMC's Money Management Webinar, September 21, 2016

A Better America Scholarship Program
Access Group Financial Advice
Aetna Foundation Scholars Programs
African American Scholarships, Fellowships, Internships and Grants
AfterCollege-AACN Scholarship Fund
AfterCollege Nursing Student Scholarship
AfterCollege Succurro Scholarship
Aga Khan Foundation International Scholarship Programme
American Association of Colleges of Nursing Financial Aid Information; Student Scholarship Programs
American Dental Education Association (ADEA) Scholarships, Awards and Fellowships for Students
American Heart Association Council-Sponsored Student Scholarships
American Indian College Fund Full Circle Scholarships
American Indian Education Foundation (AIEF) Graduate Scholarship
American Indian Graduate Center (AIGC) Scholarships/Fellowships
American Indian Higher Education Consortium Scholarship and Internship Opportunities
American Indian Science and Engineering Society (AISES) Scholarships
American Medical Association (AMA) Financial Aid Resources
American Psychological Association (APA) Scholarships, Grants, and Awards
American Society for Biochemistry and Molecular Biology (ASBMB) Distinguished Undergraduate Scholarship
American Student Assistance
AmeriCorps; Segal AmeriCorps Education Award
Army Medicine Graduate Healthcare Education Programs, Scholarships, and Stipends
Association of Native American Medical Students Premedical Student Scholarships; Medical Student Scholarships
Association of Schools of Allied Health Professions Scholarship of Excellence Award
Association on American Indian Affairs (AAIA) Scholarships for Graduate Students
BankingSense Scholarships and Grants Guide
Barry Goldwater Scholarship and Excellence in Education Program
BestColleges.com Scholarship Database
Biomedical Science Careers Program Scholarships and Resources
Campus RN Scholarship Program
Can You Afford Medical School?
Canadian Student Loan Program
Cappex List of Scholarships
Chicago Injury Center Annual Scholarship Fund for Disabled Veterans
Chinese American Medical Society Scholarship Program
Chinese American Physicians' Society (CAPS) Scholarship Program for U.S. Medical Students
Clark University Global Scholars Program
Clark University Presidential LEEP Scholarship
Clark University Merit Scholarships
Clark University Steinbrecher Fellowship Program
Clark University Transfer Student Scholarships
Cobell Scholarship Program for American Indian or Alaska Native Students
College Scholarships.org
Community Foundation of Western Massachusetts Scholarships
Compare Graduate School Loans
Complete Guide to Finding and Applying for Scholarships for Women
Complete Guide to Finding Scholarships and Financial Resources for Hispanic Students
Complete Guide to Scholarships and Financial Resources for Black Students
Congressional Hispanic Caucus Institute (CHCI) Scholarship Program
Connecticut Higher Education Supplemental Loan Authority (CHESLA) Loan
Cost of Applying to Medical School
CSFAA Financial Aid Modules for Osteopathic Medical School Students
Cut Down on Medical School Application Fees
Daughters of the American Revolution (DAR) Medical and Nursing Scholarships
David Geffen Medical Scholarships
Debt Management; Before Applying to Medical School; After You Are Accepted to Medical School
Direct PLUS Loans for Graduate and Professional Students
Discover Graduate Student Loans
Discover Health Professions Student Loans
Doctor on Demand Scholarship
Doctors for Maine's Future Scholarship
EStudentLoan
EdFed Education Loans
Ed-Invest Foreign Medical School Student Loan Program
Emergency Nurses Association Foundation Scholarship Opportunities
Equity for "DREAMers" in Medical School Admissions
Ethnic and Minority Scholarships
Everything You Need to Know About Graduate Financial Aid
Explore New Options to Repay Medical School Loans
FAFSA Ultimate Guide
FAQs About Financial Aid
FastWeb Scholarship Search; Graduate School Scholarship Search
Federal Employee Education and Assistance Fund Scholarships
Federal Financial Student Aid Programs for Veterans
Federal Nursing Student Loans
Federal Student Aid Information
Federal vs. Private Education Loans
FedMoney.org
F. Edward Hébert Armed Forces Health Professions Scholarship Program
Field of Study Scholarships (select "Health Professions and Clinical Sciences")
Financial Aid for Graduate and Professional Degree Students
Financial Aid for Hispanic Students
Financial Aid for Medical School
Financial Aid for Medical School Advice
Financial Aid for Minority Students
Financial Aid for Native American Students
Financial Aid for Women
Financial Aid Information
Financial Aid Links for Graduate/Professional School
Financial Aid Resources
Financial Aid Resources (compiled by Georgetown University School of Medicine)
Financial Aid: The SmartStudent Guide to Financial Aid
Financial Literacy Resources
Financial Planning for Medical School
Financing Your Veterinary Medical Education
4 Best Grad Student Loans
Free Application for Federal Student Aid (FAFSA)
Free Scholarship Searches
Funding Your Nursing School Education
Gallagher Student Health Careers Scholarship Program
Get Funding for a Career in Public Health
Get Help Paying for a Veterinary Medical Education
Global Student Loan Corporation
GoodCall Scholarship Search
Grants for Medical Students
Graduate School Financial Aid
Graduate School Scholarships
Graduating Debt Free Guide
Guide on How to Get Scholarships and Grants for Students with Disabilities
Guide to Paying for Nursing School
Harry S. Truman Scholarship
Health Professions Student Loans
Health Research and Educational Trust of New Jersey Health Career Scholarship
Hellenic Medical Society of New York Scholarship
Hispanic Dental Association Foundation (HDAF) Scholarship Programs
Hispanic Scholarship Fund Scholarships
Hispanic Scholarships
Horace Smith Fund Walter S. Barr Fellowships (for Hampden County [MA] residents)
Horatio Alger Association Scholarships
How Do Student Loans Work?
How Student Loans Work
How to Apply for Financial Aid for Medical School
How to Finance a Medical School Education
How to Get Financial Aid for Medical School
How to Get Scholarships and Grants for Native American Students
How to Pay for Medical School
How to Pay for Medical School (Med School Pulse)
How to Pay for Medical School (U.S. News & World Report)
How to Pay for Medical School Guide
Illinois Department of Public Health Center for Rural Health Medical Student Scholarship Program (for Illinois residents)
Income-Based Repayment (IBR) Information for Federal Student Loans
Indian Health Service Scholarship Program
Insurance Providers Look Twice, Save a Life Scholarship
International Education Financial Aid (IEFA)
International Financial Aid Resources and Information
International Scholarships
International Student Loan Center
Japanese Medical Society of America Scholarships
Jewish Federation of Greater Philadelphia Educational Loan and Scholarship Funds
Job-Applications.com Working Parent College Scholarship Program
Korean American Scholarship Foundation Scholarship
Latino Medical Student Association Scholarships
Latino Scholarships
Leopold Schepp Foundation Scholarship
Less Common Ways to Decrease Medical School Costs
Links to 100 Dental Scholarships
Loan Repayment/Forgiveness and Scholarship Programs
Mabelle Arole Fellowship
M.A. Cartland Shackford Medical Fellowship (scroll down to section "For Women Graduates of Any American Institution")
Maine Dental Education Loan Program
Maine Health Professions Loan Program
Maine Medical Education Foundation Loan Program
Maine Medical Loan (Maine Educational Loan Authority)
Maine Loan (Maine Educational Loan Authority)
Maine Veterinary Medicine Loan Program
Manage Your Student Loan Debt
Mapping Your Future
Margaret McNamara Memorial Fund (MMMF) Educational Grant Program
Marine Corps Scholarship Foundation
Massachusetts Department of Higher Education Office of Student Financial Assistance State Financial Aid Programs
Massachusetts Educational Financing Authority
Massachusetts Medical Society Scholarship Information
Medical Help Network List of Scholarships
Medical Scholarships Around the World
Medical School and Health Professions Scholarships, Fellowships and Postdoctoral Awards
Medical School Costs for Non-traditional Students
Medical School Financial Aid
Medical School Grants
Medical School Loan Info
Medical School Loans (MSL)
Medical School Scholarship Aid
Medical School Scholarships
Medical Scientist Training Programs (MSTP)
Microsoft Scholarship Program
Military Affiliation Scholarships
Military Student Aid
Minority Scholarship Listing
Minority Scholarships
Minority Scholarships, Fellowships and Summer Research Internships
Money and Finances
MoneyGeek Scholarship Search
National Arab American Medical Association (NAAMA) Foundation Scholarship
National Association of Medical Minority Educators (NAMME) National Scholarship
National Association of Student Financial Aid Administrators (NASFAA) State Financial Aid Programs
National Congress of American Indians (NCAI) Native Graduate Health Fellowship
National Data Base of Scholarships
National Dental Association Foundation (NDAF) Scholarships
National Health Service Corps (NHSC) Scholarship Program; NHSC Loan Repayment Program
National Hispanic Health Professional Student Scholarship Program
National Indian Education Association (NIEA) Scholarship Opportunities
National Institutes of Health (NIH) Undergraduate Scholarship Program
National Italian American Foundation (NIAF) Scholarship Program
National Medical Fellowships (NMF) Scholarships and Awards
National Optometric Association Scholarship Opportunities
National Student Loan Data System (NSLDS)
Navy Health Care Careers
New Hampshire Charitable Foundation Scholarships
New Hampshire Higher Education Loan Corporation (NHHELCO) EDvestinU Loan Program
NURSE Corps Scholarship Program; Loan Repayment Program
Nurse.org Nursing Scholarship
Nursing Scholarships
Nursing Scholarships and Financial Aid
Nursing School Student Loans
100 Scholarships from African-American Colleges and Universities
Organization of Chinese Americans (OCA) Scholarship Program
Organizations and Programs Providing Scholarships for Cancer Patients and Cancer Survivors
Paying for a Veterinary Medical Education
Paying for Graduate School
Paying for Medical School
Paying for Medical School Links
Paying for Medical School Without Breaking the Bank
Paying for Your Master's Degree
Peace Corps
Peterson's Graduate School Scholarship Search
Polish Junior League of Massachusetts Scholarship
Public Health Grants and Scholarships
Resources for Scholarships and Other Financial Assistance for Veterans
Rhode Island Educational Loan Repayment Program for Primary Care Providers
Rhode Island Scholarship Search
Rhode Island Student Loan Authority Nursing Reward Program
Rhode Island Student Loan Authority Student Loan
Ron Brown Scholarship Program Additional Scholarship Resources
Sallie Mae Graduate Student Loans
SALT Money Knowledge Resources for Students
SamFund Grant Application for Young Adult Survivors of Cancer
Samuel Huntington Public Service Award
Scholarship and Financial Aid Scams
Scholarship Directory
ScholarshipExperts.com
Scholarship Finder for the Military Community
Scholarship Foundation of Santa Barbara Scholarship Program
Scholarship, Loan Repayment and Forgiveness Programs for Veterinary Medical Education Loans
Scholarship Resources for Students in Healthcare Fields
Scholarship Scams
Scholarship Search
Scholarship Search Listing
Scholarships and Fellowships for Graduate Students
Scholarships and Financial Aid for Minority Students
Scholarships and Financial Aid for Students with Disabilities
Scholarships and Grants for Asian-American Students
Scholarships and Loans
Scholarships By State
Scholarships By Type
Scholarships for Disadvantaged Students
Scholarships for Health Care Students
Scholarships for Native Americans
Scholarships for Students with Disabilities
Scholarships for Vermonters
Scholarships for Women
Scholarships to Give Your Medical Education a Shot in the Arm
SeniorAdvisor.com Future of Assisted Living Scholarship
SeniorCare.com Aging Matters Scholarship
Service-based Loan Repayment Programs
Sherry R. Arnstein Minority Student Scholarship Program (for osteopathic medicine)
Should I Join the Military to Pay for Medical School?
Society for Advancement of Chicanos and Native Americans in Science (SACNAS) Grad Student Scholarships
Sons of Italy Foundation (SIF) Order Sons of Italy in America (OSIA) Scholarships
State and Other Loan Repayment/Forgiveness and Scholarship Programs
State Educational Benefits for Veterans
State of Residence Scholarships
State-Specific Scholarships Resource List
Stay Financially Healthy During Medical School
Stephen Phillips Memorial Scholarship Fund
Student Aid for Military Families
Student Financial Aid Guide for Veterans
Student Loan Forgiveness and Cancellation Summary
Student Loan Guidebook
Student Loans: An Overview
Student Loans for Medical School
Student National Dental Association Scholarships
Student National Pharmaceutical Association Scholarships (scroll down to "scholarship/award forms")
Student Osteopathic Medical Association (SOMA) Scholarship List
Take Charge of Your Finances
Teach for America Graduate School Partnerships
The College Grants Database
The Kosciuszko Foundation Scholarships
The Paul & Daisy Soros Fellowships for New Americans
The Ultimate Student Loan Repayment Guide for Doctors
3 Ways to Avoid Major Money Problems in Medical School
TravelNursing.org Nursing Education Scholarship
200 Scholarships for Minorities
Tylenol Future Care Scholarship
UCLA Scholarship Resource Center Scholarship Search Databases
Udall Native Health Care Undergraduate Scholarship
Ultimate Guide to the FAFSA
Understanding and Building Your Credit Score: The Guide for College Students
United Negro College Fund (UNCF); UNCF Scholarships; UNCF/Merck Science Initiative Scholarships and Fellowships
U.S. Air Force Health Professions Scholarship Program
U.S. Army Veterinary Corps Health Professions Scholarship
U.S. Department of Health and Human Resources Health Resources and Services Administration Health Professions Loans and Scholarships
Vermont Student Assistance Corporation (VSAC) Vermont Advantage Loan
Veteran Scholarships
Veterans United Foundation Scholarship
Vital Impact Scholarships for Women Over 35
Wells Fargo Student Loans for Medical School and Health Professionals
WeMakeScholars.com Scholarship Search
Which Private Medical Schools Award the Most Financial Aid?
Which Public Medical Schools Award the Most Financial Aid?
Worcester District Medical Society Scholarship Fund
You Can Afford Medical School