College of Medicine

Financial Services FAQ

For your convenience, we have compiled the list of frequently asked questions regarding our M.D. Program Financial Services.

Who do I contact if I have more questions regarding student financial services?

Dawn Herrod or Lisa Minnick at Student Financial Services- UCF College of Medicine. medfinaid@ucf.edu

How is financial aid disbursed?

Office of Student Financial Services must verify enrollment in the M.D. program before disbursing aid. Please allow two to three weeks after the first day of class. Financial aid will be divided up into two equal payments to match the division of billed expenses. The first disbursement will occur in August/September and the second will occur in the January/February time frame.

When are payments due?

The annual costs will be divided into two equal payments. One-half of the balance will be due on the Friday of the second week of classes in August for M1s and M2s, and the Friday of the second week of classes in May/June for the M3s and M4s.  The other half will be due on the Friday of the second week of classes in January for all students. Students with financial aid will only be responsible for the balance after subtracting the anticipated financial aid.

What are the steps to receiving financial aid at UCF College of Medicine?

  1. File the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1 of the year you plan to attend. Example: If entering August 2012, file 2012-2013 FAFSA after January 1, 2012. Please use the Title IV code 003954.
  2. Submit any additional documents requested from the Office of Student Financial Services. These items may include signed Tax Returns, W-2's, Federal Verification Worksheets, etc.
  3. Accept or decline the financial aid awards once presented to you in a financial aid award letter.
  4. Complete and submit any supplemental requirements associated with your financial aid award. These items may include a Master Promissory Note and Entrance Counseling if you decide to borrow on the federal loan programs.
  5. Complete and submit the Direct Deposit information on myUCF so that any credit balance can be refunded to the bank account of your choice quickly and efficiently. If you would prefer to receive a paper check, please understand that it will delay the processing of the refund.

Are federal funds available to students at UCF College of Medicine?

Yes. Title IV financial aid is available in the form of the Stafford and GradPLUS loans. We encourage students to limit their borrowing and live as frugally as possible while a student. Students cannot receive financial aid above the cost of attendance.

What type of institutional scholarships will be available to the incoming class of students?

UCF College of Medicine’s fundraising team is hard at work on a scholarship drive for new students. We are dedicated to the goal of providing scholarship dollars to our students, thus reducing their debt burden upon graduation.