Fees and Financial Aid

Financial Considerations

The accompanying table shows an estimate of first year student costs for the academic year 2014-2015. The Room and Board charge is based on average room rates for 26th Street along with estimates for food and utilities. If you reside off-campus, your expenses will be higher.You may be able to finance the additional expenses through the unsubsidized portion of the Federal Stafford Loan or the Federal Graduate PLUS Loan. Summer expenses will not be included in your financial aid award.

While these figures are estimates of your educational expenses for the academic year, your actual budget may vary due to your choices in living arrangements and lifestyle. Aid may be adjusted to reflect actual costs on a case-by-case basis.

Loans, Scholarships, and Outside Work

The School of Medicine has low-cost educational loans available to students in need. Repayment is deferred while you are a student and interest charges do not exceed six percent in repayment.

Scholarship funds are distributed primarily based on financial need in order to attract the most competitive and diverse class. A $40,500 Stafford Loan is available with unsubsidized interest to cover any additional educational costs. These loans are the primary source of aid to students. Those students in need of additional aid are assisted through the Federal Graduate PLUS Loan.

Federal funds through the College Work Study Program are available for medicine-related summer jobs for students who qualify for financial aid.

Estimated 2014-2015 Tuition, Fees and Expenses

School of Medicine Class of 2018
  Estimated Costs
Tuition and Fees $52,600
Books And Supplies $1,200
Room and Board $15,240
Personal $3,600
Health Insurance $4,990*
Loan Fees $434**
TOTAL $78,064
   
* Health Insurance fees will be added to your charges if you are not covered by other insurance.
** Fees charged by the Direct Loan program at disbursement. This amount assumes the student borrowed the full $40,500 in Stafford Loans for the academic year.


2014-2015 Financial Aid Guide

2014-2015 Cost of Attendance for Returning Students

Class of 2015 Estimated 2015-2016 Tuition, Fees, and Expenses

Class of 2016 Estimated 2014-2015 Tuition, Fees, and Expenses

Class of 2017 Estimated 2014-2015 Tuition, Fees, and Expenses


Questions- Please feel free to contact the office of Financial Aid at (212) 263-5286 or finaid@nyumc.org.