medical school facts for parents: financial aid

Medical school is a big commitment: an investment of time, dedication, and money. There are numerous options available to help fund your son or daughter's medical education at Ross University School of Medicine (RUSM). In this section, we invite you to explore how we can help you address financial barriers that may be prohibiting your son or daughter from achieving their dream of becoming a practicing physician.

Financial Aid and Loans | ScholarshipsRUSM Financial Statistics

Financial Aid and Loans

RUSM is proud that qualified students enrolled at RUSM are eligible to participate in the US Federal Direct Student Loan Program. If your son or daughter is a US citizen, permanent resident, or eligible non-citizen, he or she can file a Free Application for Federal Student Aid (FAFSA®) online. After the application is processed, the U.S. Department of Education will pass that FAFSA information to RUSM's Office of Financial Aid. Once the Office of Financial Aid has received the FAFSA information from the U.S. Department of Education, we will determine your son or daughter's eligibility for the following types of student loans.

  • Federal Direct Unsubsidized Loans
    This is a non-need-based federal loan with a limit of $10,250 per semester.  The interest rate is fixed at 6.21%.  The Department of Education charges a 1.073% fee on the funds disbursed. For more information about the terms and repayment obligations, contact the Office of Student Finance at 732-509-3051 or
  • Federal Direct Graduate PLUS Loans: This is a non-need-based federal loan specifically for graduate students. In addition to the FAFSA, students must complete an application, which involves a credit check, to be considered for this loan.  The student can borrow up to the school's cost of attendance, minus any other financial aid received.  The Graduate PLUS credit decision is based on the last five years of the student’s credit history. The interest rate is fixed at 7.21%.  For more information about the terms and repayment obligations, contact the Office of Student Finance at 732-509-3051 or


Students can apply for numerous institutional scholarships right on our website—financial awards that recognize your son or daughter's dedication to community service, academic achievements, and more. For more information, visit our Scholarships section.

Tuition and Fees

The process of determining tuition and fees is rigorous, and considers input from faculty, students and leadership. It's a delicate balancing act—we strive to control costs as much as possible, but without jeopardizing the ability to provide the kind of education that we think our students deserve to pursue rewarding careers in medicine. Tuition increases in recent years have ranged from 4 to 6 percent, and typically occur in September.

  • Foundations of Medicine curriculum: $22,345 per semester
  • Clinical Sciences curriculum: $24,660 per semester

Health Insurance

All RUSM, students must have health insurance coverage. A RUSM-sponsored health medical insurance plan is available to students and their spouses and dependents, should they need it. As of September 2017, health insurance fees are $747 per semester for students. Students can use their own insurance plans, but will need to submit a health insurance waiver form and other documentation. Please note that the health insurance fee is in addition to the tuition amounts listed above. 

Please note that first-semester students will need to pay a non-refundable visa processing fee of $190. In addition, all Foundations of Medicine (basic sciences) students need to pay a $50 Student Government Association fee per semester, up until they start RUSM’s Clinical Science curriculum. These fees are in addition to the tuition costs listed above.

To review information of other US medical schools, you may find that College Board and IPEDS are good resources. IPEDS is the Integrated Postsecondary Education Data System, which is a source for data on US colleges, universities, technical and vocational postsecondary institutions.

Dive Deeper

There’s much more to explore when it comes to learning about RUSM. Take a deeper dive into RUSM's Parents Guide using the navigation buttons in the menu on the left or the links below.