UNSOM Students: Financial Planning
Tuition Costs for 2013-14:
Nonresident average for medical students only in the
class of 2014
Out of State
Current Student Disbursement Schedule:
- Fall Disbursements
- 1st & 2nd Year Med Students begin approximately mid-August
- 3rd & 4th Year Med Students begin approximately mid-July
- Spring Disbursement
- Approximately mid-January for all students
- Excess amounts over university fees due will be mailed or direct-deposited to students.
Students are encouraged to take advantage of direct deposit to receive disbursements/refunds more quickly. This is especially important for students in years III and IV.
Direct deposit sign up using MyNevada*
*This will apply to financial aid disbursements only.
Direct deposit for travel or any other reimbursements requires a hard copy form.
Travel/Accounts Payable Direct Deposit Form
Outside Grants & Scholarships
Armed Forces Health Professions Scholarships - The Army, Navy, and Air Force have health professions scholarship programs, referred to as HPSP, or AFHPSP scholarship for the Air Force, to help you pay for your education in a medical field.
National Health Services Corps (NHSC) - The NHSC Scholarship Program (SP) awards scholarships to students pursuing careers in primary care. Students commit to serving for two to four years upon graduation and completion of training. Allopathic and osteopathic medical students in their fourth year at an accredited medical school are eligible to apply.
Loan Repayment Programs
National Health Services Corps (NHSC) Loan Repayment Program - Open to licensed primary care medical, dental, and mental and behavioral health providers who are employed or seeking employment at approved sites.
Students to Service Loan Repayment Program - Provides loan repayment assistance to medical students (MD and DO) in their last year of school, in return for a commitment to provide primary health care services in eligible Health Professional Shortage Areas (HPSAs) of greatest need. http://nhsc.hrsa.gov/loanrepayment/studentstoserviceprogram/
State Loan Repayment Program - A federally-funded grant program to States and Territories that provides cost-sharing grants to assist them in operating their own state educational loan repayment programs for primary care providers working in Health Professional Shortage Areas (HPSAs) within their state.
Residency and Relocation Financing:
As you start applying for and preparing for residency many of you are wondering how to manage the additional cost of relocating.
If you have not borrowed loans up to your budget for the current school year, and you feel you may need additional funds for 4th year residency expenses, contact the Assistant Director of Financial Aid to learn if you are able to increase your current loans.
Private loans cannot be consolidated through the federal student loan consolidation program so be careful when choosing a lender:
Questions and items to compare:
- Interest rates (variable or fixed)
- Loan fees and limits (application, origination or early repayment fees)
- Repayment terms (when does repayment start, maximum repayment period)
- Default and late payment charges
Please note that due to changes in federal regulations, the Office of Student Financial Aid at the University of Nevada School of Medicine is not allowed to offer recommendations on any lending program.
The following independent website which offers a current listing of all private alternative loans. Students are encouraged to use these resources to research terms and criteria for various loan programs and make an informed choice for residency and relocation loans.
Go to http://www.finaid.org/loans/privatestudentloans.phtml and scroll down for a list comparison of lenders.
See the UNSOM Student Handbook Financial Services page.