College of Medicine / Students / Financial Aid / Important Dates


       

Charles E. Schmidt College of Medicine
Florida Atlantic University
777 Glades Road
Boca Raton, FL 33431

561-297-4828

2018-2019 Important Dates

M1 - First Year Medical Students

August 6, 2018 First day of Orientation
August 7, 2018 First Payment Period Financial Aid Disbursement*
August 13, 2018 First day of class
August 17, 2018 Last day to drop without being fee liable
August 20, 2018 Fall Tuition and Fees are due
September 7, 2018 Last day to withdraw and receive a 25% refund
October 30, 2018 60% of 1st Payment Period Completed after this date**
December 22, 2018 - January 13, 2019 Winter Break
January 14, 2019 First day of classes after Winter Break
January 15, 2019 Second Payment Period Financial Aid Disbursement*
January 21, 2019 Spring Tuition and Fees are due
March 16 - 24, 2019 Spring Break
March 22, 2019 Last day to apply for or increase 2018-19 loan amounts
March 25, 2019 First day of classes after Spring Break
April 6, 2019 60% of 2nd Payment Period completed after this date**
May 24, 2019 Last day of the Academic Year


* Financial Aid is disbursed on Wednesdays of each week
 ** See Return to Title IV Information below

 

M2 - Second Year Medical Students

August 3, 2018 Orientation Day
August 6, 2018 First day of class
August 7, 2018 First Payment Period Financial Aid Disbursement*
August 10, 2018 Last day to drop without being fee liable
August 13, 2018 Fall Tuition and Fees are due
August 31, 2018 Last day to withdraw and receive a 25% refund
October 27, 2018 60% of 1st Payment Period Completed after this date**
December 22, 2018 - January 13, 2019 Winter Break
January 14, 2019 First day of classes after Winter Break
January 15, 2019 Second Payment Period Financial Aid Disbursement*
January 21, 2019 Spring Tuition and Fees are due
March 12, 2019 60% of 2nd Payment Period completed after this date **
March 22, 2019 Last day to apply for or increase 2018-19 loan amounts
April 19, 2019 Last day of the Academic Year


* Financial Aid is disbursed on Wednesdays of each week
** See Return to Title IV Information below

 

M3 - Third Year Medical Students

April 16, 2018 First day of MED3 Year (Transition Week)
April 20, 2018 Last day to drop without being fee liable
May 1, 2018 First Payment Period Financial Aid Disbursement*
May 7, 2018 Fall Tuition and Fees are due
May 7, 2018 First LIC begins
May 11, 2018 Last day to withdraw and receive a 25% refund
July 14, 2018 – July 29, 2018 Summer Break
July 30, 2018 First day of classes after Summer Break
August 17, 2018 60% of 1st Payment Period Completed after this date**
October 30, 2018 Second Payment Period Financial Aid Disbursement*
November 5, 2018 Spring Tuition and Fees are due
November 5, 2018 Second LIC Begins
December 22, 2018 – January 6, 2019 Winter Break
January 7, 2019 First day of classes after Winter Break
February 24, 2019 60% of 2nd Payment Period completed after this date**
March 22, 2019 Last day to apply for or increase 2018-19 loan amounts
May 3, 2019 Last day of the Academic Year


* Financial Aid is disbursed on Wednesdays of each week
** See Return to Title IV Information below

 

M4 - Fourth Year Medical Students

April 30, 2018 First day of MED4 Year (Transition Week)
May 1, 2018 First Payment Period Financial Aid Disbursement*
May 4, 2018 Last day to drop without being fee liable
May 7, 2018 Fall Tuition and Fees are due
May 7, 2018 Clerkship Block 1 begins
May 25, 2018 Last day to withdraw and receive a 25% refund
August 12, 2018 60% of 1st Payment Period Completed after this date**
October 22, 2018 Clerkship Block 7 begins
October 23, 2018 Second Payment Period Financial Aid Disbursement*
October 29, 2018 Spring Tuition and Fees are due
December 15, 2018 - December 30, 2018 Winter Break
December 31, 2018 First day of classes after Winter Break
February 13, 2019 60% of 2nd Payment Period completed after this date**
March 11 – 22, 2019 Transition to Residency Course & Match Day
March 22, 2019 Last day to apply for or increase 2018-19 loan amounts
March 25, 2019 Clerkship Block 12 begins
April 19, 2019 Last day of the Academic Year


* Financial Aid is disbursed on Wednesdays of each week
** See Return to Title IV Information below

 

**Return to Title IV (R2T4)

Students who do not complete at least 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 13, 2018
  • Student withdraws or otherwise stops attending on October 5, 2018 (attended through October 5, 2018)
  • Student completed 54 days, or 41.221% of the payment period
  • Student received $21,133 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 $12,421.77. Unearned Institution charges are 58.779% of $15,972.72, or $9,388.65. The lesser of these two numbers, $9,388.65, 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 6, 2018
  • Student stops attending (withdraws or otherwise stops attending) on October 25, 2018 (attended through October 25, 2018)
  • Student completed 81 days, or 58.696% of the payment period
  • Student received $20,034 in Federal Unsubsidized Direct Loan funds (half of the annual maximum of $40,500, less origination fees)

This student did not earn 41.304% of his/her Federal student loan funds, or $8,274.84.

Unearned Institutional charges are 41.304% of $15,930.68, or $6,580.

The lesser of these two numbers, $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 1st half of the year are $15,962.72
  • First day of Class is April 16, 2018
  • Student stops attending (withdraws or otherwise stops attending) on August 14, 2018 (attended through August 14, 2018)
  • Student completed 107 of 174 days, or 61.494% of the payment period
  • Student received $23,332 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 not required      

Last Modified 10/30/18