Medical School Financial Aid
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 fund your education through student loan programs, medical school financial aid and scholarships.
Medical school 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 Med finance the cost of their education by combining family resources, federal student loans scholarships and loans from other sources. Approximately 85% of Ross Med students receive some type of medical financial aid.
MEDICAL SCHOOL STUDENT LOANS
Students accepted for admission to Ross Med, and active students maintaining standards of satisfactory academic progress, may apply for medical school financial aid 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 and determine their eligible level of medical school financial aid are required to complete the Free Application 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 medical school financial aid from a variety of sources. Ross Med 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 of medical financial aid needed. Ross Med 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.
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.
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:
OFFICE OF STUDENT FINANCE
3005 Highland Parkway, 4th Floor
Downers Grove, IL 60515