Student Finance

At Ross University School of Medicine (Ross Med), we understand that planning for your finances plays a crucial role in allowing you to achieve your educational goals. Our Office of Student Finance is dedicated to answering your financial-related questions, helping you navigate your finances, and developing a financial plan.

Quick Links

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Tuition and Fees

Learn more about tuition and fees at Ross Med.

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Financial Aid

Financial aid is available to all eligible Ross Med students.

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Explore the many scholarships Ross Med offers to eligible students.

Financial Aid Eligibility Policies

Academic Progress

To maintain financial aid eligibility, you will be expected to make satisfactory academic progress (SAP) and remain in good standing within the university. Please see the Ross Med Student Handbook for more information.

Return of Title IV Funds

If you withdraw from or fail all classes in any semester, you may be required to return any Title IV funds you received. Please see the Ross Med Student Handbook for more information.

Your Student Health Insurance

Ross Med requires all students to have health insurance coverage while enrolled at the university. The Office of Student Finance administers a health insurance plan that is available to students, their legal spouses, and their dependents.

You will be automatically enrolled in the university-sponsored insurance plan unless you submit a valid insurance waiver to Aetna during the active waiver period as waivers cannot be accepted outside of the period. You can verify your enrollment by logging into myRoss. Registered students continue to be charged for insurance until they graduate or permanently withdraw from Ross Med.

Accessing Your Account

By creating an Aetna Navigator account, you can easily access your personal information, print and request ID cards, and review your claims. You can also enroll in voluntary term life insurance and dental discount programs for an additional fee.

For information on claims, coverage benefits, or to obtain a new insurance card, please contact Aetna Student Health at 1-877-381-3551.

Coverage Dates and Billing

Coverage dates for the university-sponsored plan can change from year to year, so please contact our office for current coverage dates. The coverage year is broken into three trimesters for billing purposes.

  • You will be billed in July/August for coverage from August 27 through December 31. 
  • You will be billed in November/December for coverage from January 1 through April 28. 
  • You will be billed in March/April for coverage from April 29 through August 25.

2023-2024 Plan Rates

The insurance rate for the 2023-2024 plan year is $1,306 per semester. This rate includes an administration fee.

You will be billed approximately five weeks before the start of the coverage date. Insurance charges appear on your account as a separate item titled “Health Insurance.” You can obtain an account summary by logging into your myRoss account.

Please note that it is your responsibility as a student to ensure your insurance enrollment or waiver information is current.

Waiving Coverage

If you have your own insurance coverage or are covered by a parent or spouse’s insurance plan, you may waive your participation in the university-sponsored plan.

All students must waive coverage during the open waiver period. Waivers received after the open waiver period cannot be accepted, and you will be billed for insurance for the remainder of the academic year (August to August).

Open waiver period for continuing students (including students returning from leave during the coverage year):

  • August 15 through September 30

Open waiver periods for new students: 

  • For students beginning in September: August 15 through September 30
  • For students beginning in January: December 15 through January 30
  • For students beginning in May: April 15 through May 30

Once a waiver is applied to your account, it remains in effect until the following August or until you request to be reinstated in the university-sponsored insurance plan.

To complete the insurance waiver, please log in to Aetna Student Health.

School Health Insurance FAQ

I previously waived university-sponsored insurance but would now like to enroll. How do I reinstate my coverage?

Students who have previously waived the university-sponsored insurance can reinstate coverage by submitting an electronic reinstatement form available in myRoss. You must submit your reinstatement request in a timely manner to avoid any gaps or lapses in insurance coverage.

Can I submit a waiver to Aetna outside of the open waiver period?

No. Students must submit their waiver to Aetna during the open waiver period.

Can I add a spouse or dependent to the university-sponsored health plan?

At the beginning of each coverage period, you may elect additional coverage for your legal spouse and/or dependent(s) at your own cost. For this additional coverage, you must fill out the online Enrollment Form available from Aetna Student Health. All premiums for spouse or dependent coverage must be paid directly to Aetna Student Health. For further information on spouse and dependent coverage, including application due dates, please visit the Aetna Student Health website or call 1-877-381-3551.

Does the university offer travel insurance?

For information on emergency evacuation services and other travel benefits, please visit On Call International.

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