Medical School Financial Aid Information

Attending medical school requires a major financial commitment. Ross University School of Medicine is committed to providing medical school applicants and active medical students with information to help you fund your education through student loan programs, medical school financial aid, and scholarships.

Financial aid is available to all eligible students. It is intended to fill the gap that may exist between your family's ability to afford educational expenses and the cost of attendance. Typically, students at Ross finance the cost of their education by combining family resources, federal student loans, and scholarships, and loans from other sources. Approximately 85% of Ross students receive some assistance.

Medical School Student Loans

Students accepted for admission to Ross, and active students maintaining standards of satisfactory academic progress, may apply for student loans through either government or private programs to meet direct and indirect educational expenses. The maximum loan amount for which a student is eligible may not exceed the cost of attendance (as defined by Ross University School of Medicine) for the academic period in which the student is enrolled. Families should make every possible effort to attain the needed resources for education.

Federal Direct Loan Program

Ross University School of Medicine is approved for participation in the William D. Ford Federal Loan Program (Direct Loans). Students who wish to participate are required to complete the Free Appplication for Federal Student Aid (FAFSA).

Office of Student Finance at Ross University School of Medicine

The Office of Student Finance assists students in applying for several types of financial aid from a variety of sources. Ross is committed to providing financial counseling to students prior to their matriculation and throughout their education, so that they understand the financial commitment and risks they assume when agreeing to the terms of a student loan. We also encourage students to borrow the minimum amount needed. Ross has staff dedicated to providing financial counseling in order to promote financial awareness, advise students on repayment and debt forgiveness options, inform students of scholarship opportunities, and encourage responsible borrowing.

Financial Aid Resources for Aspiring Medical School Students

Financial Planning Guide
Financial Planning Guide for Canadian Students

The following list of guided questions and answers has been designed to help clarify the financial aid process at Ross University for our prospective, newly-admitted, and currently enrolled students:

Financial Aid FAQs
Student Finance Checklist
State Financial Aid Programs

Student Loan Code Of Conduct

Ross University School of Medicine observes the federal regulations regarding student loan requirements.
Code of Conduct agreements were designed to create and ensure uniform student loan practices that focus on the best interest of borrowers. In these documents, restrictions are defined to manage the relationships among school employees, learning institutions, lender advisory board members, and student loan organizations. Students are encouraged to review the Code of Conduct agreements to learn more about the requirements governing loan regulations.

Student Finance Conflict of Interest Policy and Code of Conduct

If you have any questions about these documents, please contact the Office of Student Finance.

 

Contact the Office of Student Finance at Ross

Please contact the Office of Student Finance if you have any questions or require further information:

Ross University School of Medicine Office of Student Finance
485 Route 1 South, Building B, Floor 4
Iselin, NJ 08830
Phone: 732-509-3051
Fax: 732-509-4821