FAQs

The Cost of Attendance (COA) is the standard cost of a student’s medical education for one 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 Attendance, which is a standard allowance, and not on your preferences or spending habits.

NC Resident – $68,788
Total Non-Resident – $97,114

View the breakdown on our Cost of Attendance page

Additional expenses may be included in the standard cost of attendance (COA).  A Revision Form along with receipts are required for review.

Receipts will be required for approval of any additional expenses. Budget adjustments based on these expenses will only be made once per semester and will be met with loan funds.

Find some additional information about what expenses could potentially be approved as additions to your basic budget, as well as some that will not be approved on our Notes About Cost page.

To be eligible for 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) at studentaid.gov. UNC-Chapel Hill school code 002974 must be indicated on the form as the institution to receive the FAFSA data.

All sections must be completed for a student to be considered for any University and federal funds. An incomplete form delays the application process and disbursement of aid.

Complete the FAFSA form online at https://studentaid.gov/.

UNC Chapel Hill school code is 002974.

It is highly recommended to submit the FAFSA form for processing by no later than March 1st.

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.

No, UNC School of Medicine does not require completion of the CSS Profile.

The Student Aid Index (SAI) is a number used to determine a student’s eligibility for federal student aid, like grants, loans, and work-study programs. It’s calculated based on information provided on the Free Application for Federal Student Aid (FAFSA), and it reflects the estimated amount a student and their family can contribute to college expenses.  You can make changes on your FAFSA Student Aid Report or contact the SOM Financial Aid Office.

A small number of scholarships are awarded to students; some are based on need, and some on merit.

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.

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.

Yes, there are a number of current student scholarships.

A loan servicer is a company that handles the billing and other services on your federal student loan. Your loan is assigned to a loan servicer by the U.S. Department of Education after your loan amount is first disbursed.

Your servicer should contact you directly after your funds are disbursed, but if you’re still unsure you can find out who your loan servicer is by visiting https://studentaid.gov/.

Be sure to always go through ConnectCarolina to complete forms and applications pertaining to loans — this is very important, as it is how we keep your records (and your to-do list) up-to-date and accurate.

You can learn about your rights and responsibilities as a borrower here.

Remember: You must be proactive in exercising your rights! Your lender will not reach out to you and remind you of them.

You have several options for repayment plans, which vary in amount of monthly payments, length of deferment, length of repayment term, total interest, and income/family requirements.

The https://studentaid.gov/ is your home base for your loan information. This is where you can find information about your loans and servicers.

Once you have met all the requirements for disbursement, the Financial Aid Office will transfer your funds to the University Cashier’s Office. This typically occurs before the first week of class. Funds due to you are usually available to you on the first day of class. If you do not meet the requirements until after the beginning of the semester, your financial aid disbursement will be delayed. We anticipate refunds will be available mid-August for MS1 and MS2 student and mid-July for

For more information about disbursement dates, log in to ConnectCarolina.

You can pay your bill online at the University Cashier’s Office.

Billing information is located in ConnectCarolina. Paper bills are longer available. If you have third party billing, visit the cashier@unc.edu. Failure to pay or defer the bill by the due date may result in registration cancellation and/or holds.

Click here for more information about ConnectCarolina E-Billing.

If you cancel your classes, the Financial Aid Office refunds 100% of the prepaid tuition and fees to your lender or scholarship.

Please note: Cancellation and withdrawal are different.

Cancellation means that you have never attended class. No entry is made on your permanent record. To qualify for cancellation, the Registrar must verify non-attendance in class.

A Withdrawal means the dropping of all classes after classes have begun. This results in a prorated refund to your lender or scholarship.

Check here for prorated dates: https://cashier.unc.edu/tuition-fees/important-dates/