Cost of Education


The Cost of Education (COE) is the cost of a student's medical education for an academic year, as calculated by the UNC-CH Office of Scholarships and Student Aid. It takes into account tuition, fees, books, supplies, estimated room and board, personal, and transportation costs. The COE covers expenses for the period of enrollment only. For example, most first-year students are enrolled for ten and half months. Financial aid covers expenses only for those months. Periods of continuous non-enrollment are not included and are not funded. Your financial aid is based on the Cost of Education, a standard allowance, and not on your preferences and spending habits. For more information see Money Management.

2015-2016 School of Medicine Cost of Education (estimated)

NC Resident
Board 5,730
Health Insurance 1,954
Miscellaneous 6,626
Federal Loan Fees 250
Total Budget
NC Resident
Total Budget
Non- Resident

The Cost of Education, also called the standard budget, does not include consumer debts, such as car payments, bank loans, or credit card obligations which students may have established prior to medical school. Students should try to eliminate previous debts before beginning their medical school career.

Married students and/or students with dependents should note that federal regulations stipulate that your budget for the year only include living expenses solely for you. The expectation is that the living expenses of your spouse and dependents will be met through spouse’s earnings.

Expenses which may be approved as Additions to your Basic Budget

Additional expenses may be included in your budget, however, this must be discussed prior to with a staff member of the Financial Aid Office. Receipts will be required as proof. Budget adjustments based on these expenses will be made only once a semester and will be met with loan funds.

Child Care Expenses

You may request that reasonable child care costs be included in your budget. If you are a single parent, the full cost can be added to your budget. If you are married, half the cost can be added to your budget because your spouse will be expected to pay half.

Uninsured Medical, Dental and Optical Expenses

Required health care costs not covered by insurance can be added to your budget.

Automobile Repairs

Repairs to keep your car in safe running condition can be added to your budget. Routine maintenance and cosmetic repairs will not be approved.

Abroad Expenses

If you are receiving credit for an educational experience outside of the United States, you may apply for student aid to meet particular costs which are not met entirely by an award from another source (i.e., departmental funding or the International Fellowship). You may only apply for aid if you’ve completed the Free Application for Federal Student Aid. (FAFSA) Depending on the time frame of your away elective you may need to complete a summer aid application, if it is a time period that you would not normally be enrolled.

Commuting Expenses
If you are completing a rotation outside of the Raleigh/Durham, Chapel Hill area, you may apply for additional aid for commuting expenses.

Financial Aid for Repeat/Remedial Work

On occasion, a student is required to repeat courses or remediate work to advance to the next year. Such students are eligible to apply for loans.

Expenses which cannot be approved as Additions to your Basic Budget

Relocation Expenses

Incoming Students......Moving cost, including first and last month’s rent, security deposits, furnishings, etc., cannot be included in your budget. Entering students need to plan carefully for the cost of moving.

Graduating Students.....See Residency and Relocation Loan (coming soon)

Consumer Debts

Consumer debts cannot be included in your budget and should be repaid before you enroll.

Family Members Cost of Living

The Cost of Education can not include expenses for family members.  This budget is designed for you as a student only regardless of status.