I'm not accepted to this (or any other) school, I was just poking around and came across this: http://www.med.cornell.edu/education/admissions/fin_aid_bud.html How do you make sense of this? The $8,500 is the Stafford subsidized; that much I've figured out. The Medical College loans are private loans from the school? Are these typically at more favorable rates than Stafford unsubsidized? What about the medical college grant? Other threads in this forum make it sound like grants are a long shot, but that's a lot of grant money, right? And then the parent + student contribution. If the parents can't/don't want to contribute and the student doesn't have a job, that's all coming from Stafford unsubsidized/Perkins, right? This says (http://www.med.cornell.edu/education/admissions/fin_aid_deb.html) that the average student borrowed $116k to get through med school. Do you think that that's how much they borrowed, or what their debt burden was when they graduated (the difference being the accrued interest on unsubsidized loans)? I haven't looked at many student budgets, but do you think this breakdown of federal + college loans, grants, etc. is par for the course for a private school? EDIT: Interestingly, I looked up a student budget for SUNY Downstate. Here's a .pdf (check out pg. 15): http://www.downstate.edu/grad/pdf/SUNY_Bulletin_2006.pdf It's a bit outdated, but it basically shows that the cost of a year at Downstate are ~40k. Presumably, this is the ~40k coming from Stafford subsidized + unsubsidized loans. Interestingly, if you subtract the grant money from the 66k total cost at Weill for student #1 from their site, you also get to ~40k. Does this mean that Weill makes up the difference in tuition between it and Downstate by giving you the money as a grant? Is that normal? If that's the case, how is it cheaper to go to a state school?