Financial aid is awarded on an annual basis. Students must reapply each year by completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Once the FAFSA data is received and processed, aid eligibility will be determined. This typically happens in early April of each year. If additional information is needed, you will be notified and processing will continue once the required documentation is provided.
Requirements for students who are applying for Federal financial aid:
Requirements to receive Federal Student Loan funds:
You are strongly encouraged to complete the steps necessary to allow Direct Deposit of your financial aid disbursements. This is done through your My FAU account. Otherwise, any financial aid disbursement will have to be mailed to you at the address you have on file, which could cause delays in receipt of funds.
Requirements to Apply for College of Medicine Scholarships:
Federal Loan Defaults and/or Federal Grant Repayments
Every first year medical student with any educational debt will be required to schedule an appointment with the Office of Medical Student Financial Aid to discuss: the cost of attendance; how to construct and live within a budget; estimate of debt at graduation and repayment options; and any other financial matters of interest or concern. This one-on-one meeting must be completed before the student may receive financial aid funds for the second half of the year (January of the academic year). A budget worksheet must be completed and brought to the meeting. The worksheets are available on our “Forms” website.
You must be able to meet your costs with any grants and/or scholarships you may have, in combination with the Federal Student Loan programs and any assets you have available for these costs. Please be aware that if you are not able to use the Graduate PLUS Loan program due to your credit history, you will have to identify other funding sources to meet your costs. If you have adverse credit, you want to take steps to address that matter before you start medical school.
Every fourth year student with any educational debt will be required to schedule an appointment with the Office of Medical Student Financial Aid to review debt management strategies prior to graduation.