MEETING THE COSTS OF MEDICAL SCHOOL
Financial assistance is built in to most state-supported health professions graduate schools, which may cost half--and sometimes even a quarter--of what many private schools cost.
Most health professions graduate students pay for their education through loans, usually secured through federal and/or state agencies. Because of this, it is VERY important to have a good credit rating at the time of application. Some general information about state loan forgiveness programs, National Health Service Corps (for persons intending to go into primary care and work in underserved communities), and military scholarships may be found on the AAMC web site at: http://www.aamc.org/students/financing/start.htm/
The best source of detailed information about financial assistance will be the school that you plan to attend. Although some schools may provide specific information about financial aid at the time of interview, requests for financial assistance are usually not considered until after acceptance. Comparable information about financing dental, vet, physician assistant, and nurse practitioner graduate education is available through the web sites of professional schools' associations, such as:
- Association of American Colleges of Osteopathic Medicine http://www.aacom.org
- American Dental Education Association http://www.adea.org
- American Association of Naturopathic Physicians http://www.naturopathic.org
- American Association of Nursing http://www.aacn.nche.edu/Education/index.htm
- American Academy of Physician Assistant http://www.aapa.org
- American Veterinary Medical Association http://www.avma.org
You will also find useful information on the individual schools' web sites.It is important to complete the Free Application for Federal Student Aid, FAFSA (required by almost all health professions graduate schools), as soon as possible after the end of the tax year. Although the parent of applicants are often unexpected to complete and file a FAFSA as well as the applicant, health professions graduate schools will not necessarily expect a parental contribution.