Basic Financial Information for First-Year MD Students

★ An account will be established through the Office of Student Accounts (vanderbilt.edu/stuaccts) for each student attending Vanderbilt. This office is responsible for billing tuition and fees and receiving all payments, including student loans disbursed by the U.S. Department of Education. All students are automatically enrolled for e-bills. You may grant e-bill access to others through the YES landing page (yes.vanderbilt.edu).

★ Students should be billed for one-half each of tuition and fees on July 1 and January 4. The student will be responsible for payment of all charges not covered by financial aid as shown on the Vanderbilt student account e-bill. Payment must be received by the due date to avoid late fees.

★ Financial aid, including scholarships and/or federal loans, is disbursed in two equal payments and will be applied first to your Vanderbilt student account charges. If a credit balance remains after tuition and fees have been paid, a refund will be processed. You are strongly encouraged to sign up for direct deposit from your YES page. Please allow 7–10 business days for the banking setup.

★ Participation in the Vanderbilt-sponsored health insurance plan is mandatory unless the online insurance waiver is submitted by July 15, 2026, with proof of comparable coverage. More information about the student health insurance, including the waiver, can be found at https://www.vanderbilt.edu/stuaccts/insurance/health-insurance/

★ If you will receive an outside scholarship, you are required to inform the Office of Student Financial Aid by emailing us at medfinaid@vanderbilt.edu. Please include the scholarship documentation. Scholarship checks must be sent directly to our office for processing.

★ Your Vanderbilt email account is the preferred method of communication that our office and other medical school and university offices will use to correspond with you. You can access your Vanderbilt email once you have been assigned a VUnetID.

★ The University Registrar’s Office will notify the National Student Loan Clearinghouse of your continuing full-time student status in mid-September, which in most cases will eliminate the need of a deferment form while in school. However, students who received educational loans while attending another institution may need to submit a deferment form to the lender if your loans are near, or in, repayment. Deferment paperwork should be sent to the URO at university.registrar@vanderbilt.edu for completion.

★ There are a number of federal scholarship and loan repayment programs available, although most require a service commitment upon graduation. The Armed Forces Health Professions Scholarship Program offers paid tuition and fees plus a monthly stipend through three of its branches — Army, Navy and Air Force — as well as the Dept. of Veterans Affairs (VA).

The National Health Service Corps Scholarship Program brings health care to areas of the country that have critical health professional shortages. You must commit to primary care and serve one year in an underserved area for each year of financial support paid. 

★ Students should monitor their credit annually and can do so for FREE at www.annualcreditreport.com. This site allows you to request a free credit report once every week from each of the national consumer credit agencies: Equifax, Experian and TransUnion. 

★ The Family Educational Rights and Privacy Act (FERPA) of 1974 protects the privacy of a student’s educational records, including financial aid and billing/account information. Please contact our office for the appropriate release forms if you wish to authorize disclosure of this confidential information to a spouse, parent(s) or other third party.