Financial Aid Important Dates

M1 - First Year Medical Students

August 3, 2020	First day of Orientation Week
August 4, 2020	First Payment Period Financial Aid Disbursement
August 10, 2020	First day of classes
August 14, 2020	Last day to drop without being fee liable
August 17, 2020	First Half Year Tuition and Fees are due
September 4, 2020	Last day to withdraw and receive a 25% refund
October 1, 2020	2021-21 FAFSA opens
October 27, 2020	60% of 1st Payment Period Completed after this date **
December 19, 2020 - January 10, 2021	Winter Break
January 11, 2021	First day of classes after Winter Break
January 12, 2021	Second Payment Period Financial Aid Disbursement
January 18, 2021	Second Half Year Tuition and Fees are due
March 13 - 21, 2021	Spring Break
March 19, 2021	Last day to apply for or increase 2020-21 loan amounts
March 22, 2021	First day of classes after Spring Break
March 25, 2021	60% of 2nd Payment Period completed on this date **
May 21, 2021	Last day of the Academic Year

 

** See the bottom of this webpage for details

 

M2 - Second Year Medical Students

July 31, 2020	Orientation Day
August 3, 2020	First day of class
August 4, 2020	First Payment Period Financial Aid Disbursement
August 7, 2020	Last day to drop without being fee liable
August 10, 2020	First Half Year Tuition and Fees are due
August 28, 2020	Last day to withdraw and receive a 25% refumd
October 1, 2020	2021-22 FAFSA opens
October 24, 2020	60% of 1st Payment Period Completed after this date **
December 19, 2020 - January 10, 2021	Winter Break
January 11, 2021	First day of classes after Winter Break
January 12, 2021	Second Payment Period Financial Aid Disbursement
January 18, 2021	Second Half Year Tuition and Fees are due
March 5, 2021	60% of 2nd Payment Period Completed after this date **
March 19, 2021	Last day to apply for or increase 2020-21 loan amounts
April 9, 2021	Last day of the Academic Year

 

** See the bottom of this webpage for details

 

M3 - Third Year Medical Students

April 20, 2020	First day of MED3 Year
April 24, 2020	Last day to drop without being fee liable
May 1, 2020	First Payment Period Financial Aid Disbursement
May 8, 2020	First Half Year Tuition and Fees are due
May 15, 2020	Last day to withdraw and receive a 25% refund
July 20, 2020 - August 2, 2020	Summer Break
August 3, 2020	First day of classes after Summer Break
August 1, 2020	60% of 1st Payment Period Completed after this date **
October 1, 2020	2021-22 FAFSA opens
October 27, 2020	Second Payment Period Financial Aid Disbursement
November 2, 2020	Second Half Year Tuition and Fees are due
December 21, 2020 - January 3, 2021	Winter Break
January 4, 2021	First day of classes after Winter Break
February 7, 2021	60% of 2nd Payment Period completed after this date **
March 19, 2021	Last day to apply for or increase 2020-21 loan amounts
May 28, 2021	Last day of the Academic Year

 

** See the bottom of this webpage for details

 

M4 - Fourth Year Medical Students

May 4, 2020	First day of MED4 Year
May 5, 2020	First Payment Period Financial Aid Disbursement
May 8, 2020	Last day to drop without being fee liable
May 11, 2020	First Half Year Tuition and Fees are due
May 29, 2020	Last day to withdraw and receive a 25% refund
August 21, 2020	60% of 1st Payment Period Completed after this date **
October 1, 2020	2021-22 FAFSA opens
November 3, 2020	Second Payment Period Financial Aid Disbursement
November 9, 2020	2nd Half Year Tuition and Fees are due
December 21, 2020 - January 3, 2021	Winter Break
January 4, 2021	First day of classes after Winter Break
February 6, 2021	60% of 2nd Payment Period Completed after this date **
March 15 – 26, 2021	Transition to Residency Course & Match Day (3/19/2021)
March 19, 2021	Last day to apply for or increase 2020-21 loan amounts
April 23, 2021	Last day of the Academic Year

 

** See the bottom of this webpage 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 1^st half of the year are $15,972.72
• First day of Class (after Orientation) is August 10^th, 2020
• Student withdraws or otherwise stops attending on October 5^th, 2020 (attended through October 5^th, 2020)
• Student completed 56 of 131 days, or 42.748% 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 57.252% of his/her Federal student funds, or $12,100.19.

Unearned Institution charges are 57.252% of $15,972.72, or $9,144.69.

The lesser of these two amounts, rounded to the dollar ($9,145), 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 1^st half of the year are $15,930.68
• First day of Class (after Orientation) is August 3^rd, 2020
• Student stops attending (withdraws or otherwise stops attending) on October 23^rd, 2020 (attended through October 23^rd, 2020)
• Student completed 81 of 138 days, or 58.696% 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 41.304% of his/her Federal student loan funds, or $8,275.33.

Unearned Institutional charges at 41.304% of $15,930.68, are $6,580.06.

The lesser of these two numbers, rounded to the dollar ($6,580), 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 1^st half of the year are $15,962.72
• First day of Class is April 20^th, 2020
• Student stops attending (withdraws or otherwise stops attending) on August 4^th, 2020 (attended through August 4^th, 2020)
• Student completed 106 of 173 days, or 61.272% 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.

 

M1 - First Year Medical Students

August 2, 2021	First day of Orientation Week
August 3, 2021	First Payment Period Financial Aid Disbursement
August 9, 2021	First day of class
August 13, 2021	Last day to drop without being fee liable
August 16, 2021	First Half Year Tuition and Fees are due
September 6, 2021	Last day to withdraw and receive a 25% refund*
October 1, 2021	2022-2023 FAFSA opens
October 26, 2021	60% of 1st Payment Period Completed after this date **
December 18, 2021 - January 10, 2022	Winter Break
January 10, 2022	First day of classes after Winter Break
January 11, 2022	Second Payment Period Financial Aid Disbursement
January 17, 2022	Second Half Year Tuition and Fees are due
March 12 - 20, 2022	Spring Break
March 18, 2022	Last day to apply for or increase 2021-2022 loan amounts
March 21, 2022	First day of classes after Spring Break
March 24, 2022	60% of 2nd Payment Period completed on this date **
May 20, 2022	Last day of the Academic Year

 

M2 - Second Year Medical Students

July 30, 2021	First day of class
August 3, 2021	First Payment Period Financial Aid Disbursement
August 6, 2021	Last day to drop without being fee liable
August 6, 2021	First Half Year Tuition and Fees are due
August 27, 2021	Last day to withdraw and receive a 25% refund*
October 1, 2021	2022-2023 FAFSA opens
October 22, 2021	60% of 1st Payment Period Completed after this date **
December 18, 2021 - January 9, 2022	Winter Break
January 10, 2022	First day of classes after Winter Break
January 11, 2022	Second Payment Period Financial Aid Disbursement
January 17, 2022	Second Half Year Tuition and Fees are due
March 4, 2022	60% of 2nd Payment Period Completed after this date **
March 18, 2022	Last day to apply for or increase 2021-2022 loan amounts
April 8, 2022	Last day of the Academic Year

 

M3 - Third Year Medical Students

April 19, 2021	First day of MED3 Year
April 23, 2021	Last day to drop without being fee liable
May 4, 2021	First Payment Period Financial Aid Disbursement
May 10, 2021	First Half Year Tuition and Fees are due
May 17, 2021	Last day to withdraw and receive a 25% refund*
August 2, 2021 - August 15, 2021	Summer Break
August 16, 2021	First day of classes after Summer Break
August 24, 2021	60% of 1st Payment Period Completed after this date **
October 1, 2021	2022-2023 FAFSA opens
November 9, 2021	Second Payment Period Financial Aid Disbursement
November 15, 2021	Second Half Year Tuition and Fees are due
December 20, 2021 - January 2, 2022	Winter Break
January 3, 2022	First day of classes after Winter Break
March 6, 2022	60% of 2nd Payment Period completed after this date **
March 19, 2022	Last day to apply for or increase 2021-22 loan amounts
May 13, 2022	Last day of the Academic Year

 

M4 - Fourth Year Medical Students

May 31, 2021	First day of MED4 Year
June 2, 2021	First Payment Period Financial Aid Disbursement
June 4, 2021	Last day to drop without being fee liable
June 7, 2021	First Half Year Tuition and Fees are due
June 28, 2021	Last day to withdraw and receive a 25% refund*
September 13, 2021	60% of 1st Payment Period Completed after this date **
October 1, 2021	2022-2023 FAFSA opens
November 23, 2021	Second Payment Period Financial Aid Disbursement
November 29, 2021	Second Half Year Tuition and Fees are due
December 20, 2021 - January 2, 2022	Winter Break
January 3, 2022	First day of classes after Winter Break
February 26, 2022	60% of 2nd Payment Period Completed after this date **
March 14 – 25, 2022	Transition to Residency Course & Match Day (3/18/2021)
March 19, 2022	Last day to apply for or increase 2021-22 loan amounts
April 22, 2022	Last day of the Academic Year

 

* 25% tuition adjustment only applies to tuition and fees charged by the university. (All 3^rd party charges, including health and disability insurance, must be negotiated with the service provider. See the Medical Student Handbook Tuition Refund Policy for details.)

** 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 1^st half of the year are $16,012.72
• First day of Class (after Orientation) is August 9^th, 2021
• Student withdraws or otherwise stops attending on October 4^th, 2021 (attended through October 4^th, 2021)
• Student completed 56 of 131 days, or 42.748% 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 57.252% of his/her Federal student funds, or $12,100.19.

Unearned Institution charges are 57.252% of $15,972.72, or $9,167.59.

The lesser of these two amounts, rounded to the dollar ($9,168), 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 1^st half of the year are $15,970.68
• First day of Class (after Orientation) is July 30^th, 2021
• Student stops attending (withdraws or otherwise stops attending) on October 22^nd, 2021 (attended through October 22^nd, 2021)
• Student completed 83 of 141 days, or 58.865% 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 41.135% of his/her Federal student loan funds, or $9,101.12.

Unearned Institutional charges at 41.135% of $15,970.68, are $6,569.50.

The lesser of these two numbers, rounded to the dollar ($6,570), 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 1^st half of the year are $16,002.72
• First day of Class is April 19^th, 2021
• Student stops attending (withdraws or otherwise stops attending) on August 26^th, 2021 (attended through August 26^th, 2021)
• Student completed 126 of 185 days, or 60.819% 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.