For your convenience, we have compiled the list of frequently asked questions regarding our M.D. Program Financial Services.
Are federal funds available to students at UCF College of Medicine?
Yes. Title IV financial aid is available in the form of the Federal 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.
How is financial aid disbursed?
Office of Student Financial Services must verify attendance 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 disbursements begin in August and the second in January.
What are the steps to receiving financial aid at UCF College of Medicine?
- File the Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1st. Please use the Title IV code 003954, which is the UCF Main Campus code.
- Submit any additional documents requested from the Office of Student Financial Services.
- If borrowing from the federal loan programs, submit the UCF COM Loan Request Form.
- Complete any supplemental requirements associated with your financial aid awards. These items may include Master Promissory Notes and Entrance Counseling if you decide to borrow on the federal loan programs.
- Complete the Direct Deposit information on myUCF so that any credit balance can be refunded to the bank account of your choice quickly and efficiently.
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.
When are payments due?
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 be responsible for the balance after subtracting the anticipated financial aid. Students can see their tuition and fees and what they owe on the MD Billing Statement on my.ucf.edu.