College of Medicine / Students / Financial Aid / Important Dates

2018-2019 Important Date

ALL Students

March 22, 2019 Last day to increase or decrease 2019-20 loan amounts

2019-2020 Important Dates

M1 - First Year Medical Students

August 5, 2019 First day of Orientation
August 6, 2019 First Payment Period Financial Aid Disbursement*
August 12, 2019 First day of class
August 16, 2019 Last day to drop without being fee liable
August 19, 2019 1st Half Year Tuition and Fees are due
September 6, 2019 Last day to withdraw and receive a 25% refund
October 1, 2019 2020-21 FAFSA opens
October 29, 2019 60% of 1st Payment Period Completed after this date**
December 21, 2019 - January 12, 2020 Winter Break
January 13, 2020 First day of classes after Winter Break
January 14, 2020 Second Payment Period Financial Aid Disbursement*
January 20, 2020 2nd Half Year Tuition and Fees are due
March 14 - 22, 2020 Spring Break
March 27, 2020 Last day to apply for or increase 2019-20 loan amounts
March 23, 2020 First day of classes after Spring Break
April 4, 2020 60% of 2nd Payment Period completed after this date**
May 22, 2020 Last day of the Academic Year


* Financial Aid is disbursed Wednesday through Friday of most weeks
** See the bottom of this web page for details

  

M2 - Second Year Medical Students

August 2, 2019 Orientation Day
August 5, 2019 First day of class
August 6, 2019 First Payment Period Financial Aid Disbursement*
August 9, 2019 Last day to drop without being fee liable
August 12, 2019 1st Half Year Tuition and Fees are due
August 30, 2019 Last day to withdraw and receive a 25% refund
October 1, 2019 2020-21 FAFSA opens
October 26, 2019 60% of 1st Payment Period Completed after this date**
December 21, 2019 - January 12, 2020 Winter Break
January 13, 2020 First day of classes after Winter Break
January 14, 2020 Second Payment Period Financial Aid Disbursement*
January 20, 2020 2nd Half Year Tuition and Fees are due
March 6, 2020 60% of 2nd Payment Period completed after this date **
March 27, 2020 Last day to apply for or increase 2019-20 loan amounts
April 10, 2020 Last day of the Academic Year


* Financial Aid is disbursed Wednesdays through Friday of most weeks

** See the bottom of this web page for details

 

M3 - Third Year Medical Students

April 22, 2019 First day of MED3 Year 
April 26, 2019 Last day to drop without being fee liable
May 1, 2019 First Payment Period Financial Aid Disbursement*
May 6, 2019 1st Half Year Tuition and Fees are due
May 17, 2019 Last day to withdraw and receive a 25% refund
July 20, 2019 – August 4, 2019 Summer Break
August 5, 2019 First day of classes after Summer Break
August 15, 2019 60% of 1st Payment Period Completed after this date**
October 1, 2019 2020-21 FAFSA opens
October 29, 2019 Second Payment Period Financial Aid Disbursement*
November 4, 2019 2nd Half Year Tuition and Fees are due
December 21, 2019 – January 5, 2020 Winter Break
January 6, 2020 First day of classes after Winter Break
February 23, 2020 60% of 2nd Payment Period completed after this date**
March 27, 2020 Last day to apply for or increase 2019-20 loan amounts
May 1, 2020 Last day of the Academic Year


* Financial Aid is disbursed Wednesday through Friday of most weeks

** See the bottom of this web page for details

 

M4 - Fourth Year Medical Students

April 29, 2019 First day of MED4 Year 
May 1, 2019 First Payment Period Financial Aid Disbursement*
May 3, 2019 Last day to drop without being fee liable
May 6, 2019 1st Half Year Tuition and Fees are due
May 24, 2019 Last day to withdraw and receive a 25% refund
August 11, 2019 60% of 1st Payment Period Completed after this date**
October 1, 2019 2020-21 FAFSA opens
October 22, 2019 Second Payment Period Financial Aid Disbursement*
October 28, 2019 2nd Half Year Tuition and Fees are due
December 14, 2019 - January 5, 2020 Winter Break
January 6, 2020 First day of classes after Winter Break
February 18, 2020 60% of 2nd Payment Period completed after this date**
March 16 – 27, 2020 Transition to Residency Course & Match Day (3/20/20)
March 27, 2020 Last day to apply for or increase 2019-20 loan amounts
April 24, 2020 Last day of the Academic Year


* Financial Aid is disbursed Wednesdays through Friday of most weeks

** See the bottom of this web page for details

 

**Return to Title IV (R2T4)

Students who do not complete more than 60% of each payment period (half of the academic year), must have a process called “Return to Title IV Funds” run to determine how much of their Title IV Federal financial aid (Unsubsidized and/or Graduate PLUS Loans) has been earned. The percentage aid that was not earned must be returned to the Title IV Federal Aid Program (s) and the student is responsible for the returned amount.

Example #1

  • MED1 Student
  • Tuition and Fee Charges for 1st half of the year are $15,972.72
  • First day of Class (after Orientation) is August 12, 2019
  • Student withdraws or otherwise stops attending on October 4, 2019 (attended through October 4, 2019)
  • Student completed 54 of 131 days, or 41.221% of the payment period
  • Student received $21,135 in Federal Unsubsidized Direct Loan funds (half of the annual maximum of $42,722, less origination fees)

The student did not earn 58.779% of his/her Federal student funds, or $12,422.94.

Unearned Institution charges are 58.779% of $15,972.72, or $9,388.61.

The lesser of these two amounts, rounded to the dollar ($9,389), must be returned to the Federal student aid programs by the school and the student will be billed for the returned amount.

Example #2

  • MED2 Student
  • Tuition and Fee Charges for 1st half of the year are $15,930.68
  • First day of Class (after Orientation) is August 5, 2019
  • Student stops attending (withdraws or otherwise stops attending) on October 25, 2019 (attended through October 25, 2019)
  • Student completed 82 days, or 59.42% of the payment period
  • Student received $20,035 in Federal Unsubsidized Direct Loan funds (half of the annual maximum of $40,500, less origination fees)

The student did not earn 40.58% of his/her Federal student loan funds, or $8,130.20.

Unearned Institutional charges at 40.58% of $15,930.68, are $6,464.67.

The lesser of these two numbers, rounded to the dollar ($6,465), must be returned to the Federal student aid programs by the school and the student will be billed for the returned amount.

Example #3

  • MED3 Student
  • Tuition and Fee Charges for 1st half of the year are $15,962.72
  • First day of Class is April 22, 2019
  • Student stops attending (withdraws or otherwise stops attending) on August 16, 2019 (attended through August 16, 2019)
  • Student completed 105 of 172 days, or 61.047% of the payment period
  • Student received $23,334 in Federal Unsubsidized Direct Loan funds (half of the annual maximum of $47,167, less origination fees)

This student completed 60% or more of the payment period and is considered to have earned all of his/her funding for the payment period (half year). Return of funds is not required.



Last Modified 3/13/19