Financial Aid

[WannaBeMD89]

Hey guys and gals,

I have a question about financial aid in medical school. How does this work out regarding the amount you receive? Is it just like undergrad where you have a cap amount of like $2500 or is it more? And if that doesn't cover everything, when you get loans for medical school, what is the maximum amount you can borrow per year?

Thanks

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[TMP-SMX]

The maximum stafford amount per year is $40,500. After that, you can get grad plus up to the cost of attendance set by your school. The CoA is like a budget.

 

[sarahl86]

...I thought max Stafford was $20,500...you should check with your school OP. The rest of your COA will have to be through GradPlus loans.

 

[dynezxice]

All amounts listed below are per year.

Max subsidized stafford --> $8,500
Max unsubsidized stafford for graduates --> $20,500
Max unsubsidized stafford for health professions --> $38,500

 

[sarahl86]

$%#** I hate applying for all this crap.

 

[TMP-SMX]

$20,500 is for graduate students. Med students can take out $40,500. $38,500 is the old number.

 

[WannaBeMD89]

thanks guys