Office of Medical Education

Financial Aid

College of Medicine Student Financial Aid Office

The College of Medicine maintains and staffs a Student Financial Aid Office in the Office of Medical Education to assist students in securing loans and scholarships and to coordinate aid that is provided by state or federal agencies, foundations, and religious and fraternal organizations.

Basic information about student financial aid is provided below. Students interested in financial aid should contact the SFA Office to obtain the Student Financial Aid Handbook which contains additional information about available resources and application procedures.

The SFA Office is also responsible for the disbursal process for all medical students. Financial aid is disbursed in the Medical Center as a convenience to students. The office is open Monday - Friday from 8:00 a.m. - 5:00 p.m. The office operates routinely on an open-door policy; however, students who do not live in the Lexington area are encouraged to schedule an appointment. Please feel free to contact the office should you have questions or need assistance.

Linda A. Gilbert, Director of Financial Aid
Office of Medical Education
University of Kentucky College of Medicine
800 Rose Street, MN 104
Lexington, KY 40536-0298

Phone: 859-323-5261
Fax: 859-323-2076
E-mail address: lgilber@uky.edu

Expenses
Annual 2005-06 tuition & University of Kentucky fees are:

New Entering Resident Student $19,080
Returning Resident Student $18,572
New Entering Non-Resident Student $38,054
Returning Non-Resident Student $37, 320

2005-06 Total Cost of Attendance* (includes both curriculum and living expenses for the academic year) are:


	Resident Student	Non-Resident Student
First Year (11-month academic year) (Does not include computer purchase; maximum $3,000)	$37,841	$56,815
Second Year (10-month academic year)	$34,913	$53,661
Third Year (12-month academic year)	$38,478	$57,226
Fourth Year (10-month academic year)	$34,803	$53,551

*Includes tuition, microscope rental fee, computer purchase (first-year budget only), books & supplies, instrument purchase, examination fees, Hepatitis B Injection and allowances for living expenses (includes off-campus housing, food, transportation, health/disability and renter's insurance, and personal & miscellaneous).

For more information about expenses, contact the SFA Office.

Student Financial Aid
Once a student has determined that personal and family resources are not sufficient to finance a medical education, it is the student's responsibility to seek financial assistance. Please note that financial aid for all other undergraduate and graduate health professions programs is handled by the main UK Student Financial Aid Office.

All students requesting financial assistance, both federal and institutional, must complete the Free Application for Federal Student Aid or FAFSA*. The FAFSA is available to be completed online or may be submitted as a paper version available in the SFA Office. The FAFSA Needs Analysis assembles a financial description of the resources and assets of the student and family and provides a Student Aid Report (SAR) to the student and the school. The SAR includes an expected family contribution (EFC). The priority deadline for filing the FAFSA is May 2nd; however, the form can be completed at anytime throughout the academic year when a student is seeking financial aid.

Financial support is available through both scholarship and loan programs, and application procedures differ from program to program. The major resources are listed below.

Scholarship Programs

College of Medicine (Institutional) Academic/Recruitment Scholarships (no application required)
College of Medicine (Institutional) Need-Based Scholarships (Requires FAFSA)
Federal Scholarships for Disadvantaged Students (SDS) - Parents must provide financial information on the FAFSA to be considered for the SDS.
Jewell Foundation (Private)
Medical Alumni Scholarship (Institutional)
Dean's Scholar Program (Institutional)
A. J. Beale Scholarships (Institutional)
Joseph Collins Foundation (Private)
National Medical Fellowships (Academic/Private)
College of Medicine Academic Scholarships (Institutional)
College of Medicine MD/PhD Scholarship (Institutional)
Southern Medical Association Scholarship (Private)

Medical students also receive scholarship assistance from many private sources, i.e. Kentucky Community Service Programs, Military Health Professions Scholarships (U.S. Airforce, U.S. Army and U.S. Navy), National Health Service Corps Scholarship, etc.

Loan Programs

Federal Stafford Student Loan
Federal Direct Student Loan
Federal Perkins Student Loan
Federal Primary Care Loan (PCL) - Parents must provide financial information on the FAFSA to be considered for PCL.
College of Medicine Student Loan (Institutional)
AMA-ERF Student Loan Fund (Institutional)
Southeastern KY Health Professions Student Loan (Institutional)
College of Medicine Student Emergency Loan Fund

Students have the option of participating in either the Federal Stafford or Direct Loan Programs (must select one). Students who select the Federal Direct Loan Program borrow their funds from the Department of Education. Students who select the Federal Stafford Loan Program borrow their funds from a lender, i.e. bank, credit union, etc. Typically, students who receive their loan funds from the Stafford Program use banks that are affiliated with the Kentucky Higher Education Assistance Authority (KHEAA), The Student Loan People (KHESLC), and other participating Kentucky lenders, as well as various out-of-state lenders such as Medloans, MedPreferred, and Total Higher Education (THE). For assistance with the selection of a loan program and/or lenders, contact the SFA office.

If you are applying for a Federal Stafford or Ford Federal Direct Loan you must complete and return a Financial Aid Request Form (First-Year/Transfer Students) or a 2005-06 Financial Aid Request Form (Upperclass Students) (PDF).

Entrance Financial Aid interviews are conducted with all students who receive a student loan for the first time. All students who have received a student loan are also required to attend an Exit Financial Aid Interview where they are informed of their total debt, estimated monthly payment, rights and responsibilities as a borrower, deferment and repayment options, and loan forgiveness/repayment programs.

College Work Study (CWS) Program
Students have an opportunity to participate in the College of Medicine CWS Program during periods of time that they are NOT enrolled in the summer. Student summer employment is very limited due to the structure of the medical curriculum and students work an average of 4-6 weeks. Students work in a variety of jobs, i.e. research, clinic, computer laboratory, gross anatomy lab, etc.

Employment
It is strongly recommended that students not work while enrolled in the medical school curriculum. However, a student who has demonstrated that his/her academic performance is consistently satisfactory may work, provided permission is secured from the Student Progress and Promotion Committee. Only in very unusual circumstances will an entering student be permitted to work before completing several months of the first-year curriculum. Under no conditions should a student plan to support himself/herself by working full-time.

Debt Management
The SFA Office provides on-going debt management counseling to students throughout their enrollment in medical school, during the residency and early repayment years. During enrollment, students have access at any time to their total student loan debt and projected monthly payment information.

Forms

Links*

Note: Items with "(PDF)" require Adobe Acrobat Reader. Download Acrobat Reader free from Adobe

* Includes non-UK sites

Comments to Beth Hartmann , Last Modified: Monday, June 23, 2008
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