GUSOM Financial Aid

ATTENTION

If financial aid is an important part of your choice of medical schools, please read this update.

The Department of Education (new window) has announced a delay in processing the Free Application for Federal Student Aid. It will begin sending schools FAFSA data for individual students around mid-March. This extraordinary delay is approximately 5 months behind a typical year’s schedule, so it will impact both students and schools.

What This Means for Medical Schools…

  • Schools require the FAFSA to determine your eligibility for federal student financial aid. This includes Federal Direct Loans and Federal GradPLUS Loans.
  • This nationwide challenge is affecting all undergraduate and graduate programs, so the financial aid offices will be balancing their efforts across the student populations, including medical.
  • School computer systems require updates and testing before they are ready to issue financial aid offers. Once the first batches of FAFSA data are received, it will likely be several weeks before the first aid offers are provided to students.

What This Means for Medical School Applicants…

  • Official financial aid notifications will be delayed – some schools may provide estimates, but this will not be the norm.
  • You should bookmark the financial aid pages for your target schools and check the pages periodically for school-specific updates.
  • As the FAFSA rollout occurs, schools may adjust deadlines in response.
  • As things unfold, schools will communicate any changes to you, likely by email, so it is important to make sure you are checking your messages.

How You Can Prepare Yourself…

  • This year it is more important than ever to be ready for your first month or two of expenses. Delays in loan processing may create delays in refunding living expenses from student loans in the Fall.
  • Understand your eligibility for the federal financial aid programs. If you were eligible for federal financial aid as an undergraduate student, you are most likely to be eligible for federal loans as a medical student.
  • The Department of Education has the basic eligibility requirements published online (new window). First year students should pay special attention to bullets two and seven. Review your expected Cost of Attendance (estimates for tuition, food and housing, books, etc.) for your target schools.
  • Click here (new window) to review the types of financial aid you could see in your 2024 – 2025 package.

The mission of our Office of Admissions and Financial Aid Team is to be a support agent for all students before, during and after their medical school journeys to help disentangle the complicated minutiae of financial aid and to co-construct strategic financial plans with each student per their self-reported goals. Our team is here for you and ready to support you during this journey of financing medical school.

Your Financial Aid Team

At GUSOM, we are proud to provide the highest level of support throughout the financial aid process for our students and prospective students.

For all students, the “Applying for Financial Aid” section on the menu describes the GUSOM financial aid application process.

Our office operates remotely. Please contact us by email for assistance and/or set up a virtual meeting at medfinaid@georgetown.edu

Important Financial Aid Deadlines

These deadlines apply to all applicants regardless of admission status (e.g. wait-listed, not yet interviewed, etc.). Further details for each of these steps can be found at the “Types of Financial Aid” on the menu.

To be considered for institutional financial aid…

  • January 2, 2024 (11:59 PM EST): GUSOM Financial Aid Form must be submitted by this date to be considered for institutional aid (regardless of admission status; no exceptions to this deadline)
  • January 15, 2024 (11:59 PM EST): 2024 – 2025 FAFSA must be submitted by this date to be considered for institutional aid (regardless of admission status; no exceptions to this deadline)
  • February 1, 2024 (11:59 PM EST): CSS Profile must be submitted by this date to be considered for institutional aid (regardless of admission status; no exceptions to this deadline)

All incoming students who wish to apply for need-based institutional aid must complete (1) the Georgetown School of Medicine Financial Aid Application; (2) the Free Application for Federal Student Aid (FAFSA); and (3) the CSS Profile regardless of admission status.  Please read the instructions that are included with the financial aid application carefully, and note all filing deadlines, to ensure all required information is provided to our office. International students are not eligible to apply for need-based institutional aid.

To be considered for federal loans only…

Accepted applicants will be notified of their financial aid package beginning in late February.

For Current Students

Support for current students is offered in a few different ways.

  • Loan repayment workshops
  • Meetings throughout your 4 years to plan for things like rotations, residency, upcoming semester expenses, travel, the loan borrowing process, and any other areas students have questions about
  • One-on-one financial aid counseling sessions with a member of the Admissions and Financial Aid Office to ensure all students feel supported
  • Quarterly newsletters for all current students
  • Virtual drop-in office hours

Questions? Jump directly to our FAQ page here.

IMPORTANT NOTE
While the information on this and other pages of this website is thought to be accurate at the time of posting, financial aid requirements, terms, and other specifics change regularly and sometimes without notice. In addition, no website can comprehensively provide all information related to any particular financial aid topic. We encourage you to learn more about all financial aid options available to you by exploring this website in conjunction with other resources and by speaking with a member of the Office of Admissions and Financial Aid.

Contact Us

medfinaid@georgetown.edu

Georgetown University School of Medicine
Office of Admissions and Financial Aid
Campus Box 571421
Washington, DC 20057-1421


Codes of Conduct                                                                             

Helpful Links