Other Sources of Financial Assistance

Check out the possibility of obtaining financial assistance from the following types of organizations:

  • Agencies administering programs for veterans and their children
  • Agencies administering vocational rehabilitation programs
  • County medical societies and their auxiliaries
  • Credit unions
  • Employers with scholarship or loan programs for employees and their families
  • Fraternal organizations to which you or your parents belong
  • High schools and colleges with awards for alumni pursuing post-graduate study
  • Local churches
  • Local civic organizations
  • Local hospitals and their auxiliaries
  • Local medical societies
  • Sororities and fraternities
  • State and tribal programs for Native Americans
  • State student assistance agencies
  • Unions to which you or your parents belong

Other foundation and miscellaneous donor loan and scholarship programs may be available in your hometown or state, and will ordinarily require your personal concentrated research efforts.

Students who are reluctant to accept assistance from parents who are in a position to offer a financial contribution are advised to borrow from their families. These personal loans, with terms agreed upon by the student and his/her parents, provide the mechanism by which parents can further assist their children. Students can accept this as assistance, knowing that they will repay their parents later when they are in a position to do so. Parents who are reluctant to continue supporting their children's education beyond college are often willing to loan money for medical school when this option is presented to them.

International students should see www.edupass.org/finaid (Financial Aid for International Students) for sources of funding.

Hispanic Scholarship Fund

This is a program for first- and second-year minority students currently underrepresented in the medical profession (American Black, Mexican-American, Puerto Rican, and American Indian). Applicants must be a U.S. citizen or permanent resident. The amount is based on the student's need and available resources, the resources of the medical school selected, and the demands made on that school for financial assistance. Applications must be received no later than June 30. Fellowships and special awards scholarships are also available.

Armed Forces Health Professions Scholarship Program

The Armed Forces Health Professions Scholarship Program provides contracts for financial assistance to medical students in exchange for active duty service in the Armed Forces (Air Force, Army, and Navy). Obligations incurred in the program will be served as a medical officer (physician) in the appropriate service. Application is made to each service. For each school year, up to four years full tuition, educational expenses, including textbooks (required and/or recommended), lab fees, medical instruments, and a monthly stipend for 10-1/2 months are provided. For each year of participation in the AFHPSP or fraction thereof, students must serve one year in the appropriate service of the Armed Forces. The minimum obligation is presently 3 years. If selected, the student must participate in a residency and/or PG 1 in his/her respective armed service. Participation in a military residency program does not count toward discharge of the service obligations, although it does count toward promotion and retirement service. Applicants must be a U.S. citizen.

Indian Health Service (IHS) Scholarships for Native Americans

The Health Professions Scholarship Program provides financial assistance for American Indian and Alaska Native (Federally recognized only and applicant must be a member of his/her tribe) students only in exchange for a service obligation. Covered are tuition, books, fees, selected incidentals, tutorial services, and equipment. A monthly stipend is also provided. Students are funded up to four years, with a year for year service obligation. The minimum service obligation is two years. The contract should be carefully read in order to understand the full obligation prior to submitting an application. Breach of the service obligation will result in substantial financial penalties.

National Health Service Corps Scholarship Program (NHSC)

The National Health Service Corps (NHSC) Scholarship Program is a program established to bring health care to areas of the country, which have critical health professional shortages. Tuition, fees, and a monthly stipend are paid in exchange for a service obligation. Each year of support incurs a year of service; however, there is a 2-year minimum. The application deadline is the last Friday in March. Breach of the service obligation would incur substantial financial penalties.

National Medical Fellowships Scholarship

This is a program for first- and second-year minority students currently underrepresented in the medical profession (American Black, Mexican-American, Puerto Rican, and American Indian). Applicants must be a U.S. citizen or permanent resident. The amount is based on the student's need and available resources, the resources of the medical school selected, and the demands made on that school for financial assistance. Applications must be received no later than June 30. Fellowships and special awards scholarships are also available.