FAQs

The Cost of Education (COE) is the standard 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 the following categories:

• Tuition
• Fees
• Books
• Supplies
• Estimated room and board
• Transportation
• Personal expenses

Your financial aid is based on the Cost of Education, which is a standard allowance, and not on your preferences or spending habits. For more information about the Cost of Education, click here.

The 2018 – 2019 UNC School of Medicine Cost of Education is $67,902 for NC residents and $94,782 for non-residents. For more information about the Cost of Education, click here.

On occasion, additional expenses may be included in your budget; However, this must be discussed with a staff member of the Financial Aid Office prior to applying for financial aid. Receipts will be required for approval of any additional expenses. Budget adjustments based on these expenses will be made only once per semester and will be met with loan funds. The Revision Form must be submitted for those expenses. Below, find some additional expenses that could potentially be approved as additions to your basic budget, as well as some that will not be approved. For more information about what may and may not be approved as additions to your basic budget, click here.

In order to be eligible to recieve financial aid, you must be enrolled at least half time, be a US Citizen or permanent resident, be making satisfactory academic progress, not be in default on a loan, be registered with selective service (if required), and not have federal benefits suspended or terminated as the result of a drug conviction.

To be considered for financial aid, students should submit the current year Free Application for Federal Student Aid (FAFSA) to the address indicated on the form. The UNC-Chapel Hill School of Medicine must be indicated on the form as the institution to receive the FAFSA. All sections must be completed for a student to be considered for any University and federal funds. An incomplete form delays the application and reduces the chances for receiving financial aid promptly.Complete online at www.fafsa.ed.gov.

Our code is 002974.

Students must understand that priority for financial aid is given to those who submit the FAFSA form for processing by no later than March 1st, the priority processing deadline. Because financial aid funds are limited, the most beneficial types of aid are awarded to students who meet the preference deadline. Applications are accepted after March 1 but are considered only as time and resources permit.

The FAFSA form asks for information about an individual’s personal and family financial circumstances. Because the form refers to questions on the federal tax return, students should complete tax forms before filing the FAFSA form. If a student must delay completion of tax returns, she or he should provide estimated tax data on the FAFSA form in order to meet the March 1 deadline. Students should keep a careful record of the dates that they submit forms and make photocopies of all information requested in their application for financial aid.

No, we do not.

The Expected Family Contribution represents an estimate of the ability of you and, if applicable, your family to contribute to your educational costs. This standard need analysis is called the Federal Methodology (FM) and was passed into law by Congress under the Reauthorization of the Higher Education Act of 1965, and amended by the Higher Education Amendments of 1992. The FM uses the previous years’ income in the analysis. An “income protection allowance,” which represents the cost of basic necessities for all family members, is used in calculating the EFC. The FM allows for adjustments to be made by the Financial Aid Officer on an individual basis, with required written documentation. If you think you need to make changes to your EFC, contact us to schedule an appointment.

A small number of scholarships are awarded to students some are based on need, and some on merit. A scholarship application must be submitted. The Financial Aid Office informs as quickly as possible students who are not eligible for financial assistance from funds awarded by the office. These students are supplied information about other sources of financial support and suggestions for ways to meet UNC-Chapel Hill expenses. For further information about financial aid and financing options visit the www.aamc.org.

A scholarship application will be sent to you upon your acceptance. For more information and a list of some available scholarships, click here.

Scholarships are awarded from the Scholarship Committee based on review of your scholarship application, which is provided to you directly upon acceptance to UNC Chapel Hill School of Medicine. Both merit and need are considered when the Scholarship Committee evaluates applicants. The number of scholarships awarded as well as the amount of each individual award depends on the funds available, the need of the applicants, the qualifications of the applicants, and the number of applicants qualifying for financial assistance. For more information and a list of some available scholarships, click here.

Yes, there are a number of specialty scholarships as well as armed services scholarships.