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Medical Student Financial Services

New Student Financial Aid Instructions: 2020-2021

The instructions below are also available for download - 20-21 New Student Instructions(PDF)

The Free Application for Federal Student Aid (FAFSA)

Complete the 2020-2021 FAFSA at fafsa.gov. The medical school shares a federal school code (003125) with the University of Cincinnati main campus.

Students who wish to receive consideration for UCCOM institutional need-based scholarships and/or need-based loans must include parental information on the FAFSA.  Answer 'Yes' to the question "Do you want to answer questions about your parents?" found in the Dependency Status section of the FAFSA.  Students who respond 'No' will still receive full consideration for federal student loans.

IRS Data Retrieval Tool

If you filed a federal tax return for 2018, you should use the IRS data retrieval tool (IRS DRT) when you complete your FAFSA.  To do so, click the 'Link to IRS'  button when prompted in the Financial Information section of the FAFSA.  Applicants who do not utilize the IRS data retrieval process and are selected for Verification will have to request a tax transcript from the IRS or document their status as a non-filer.

Statement on FAFSA and Divorced or Separated Parents

Students who wish to be considered for institutional need-based financial aid must supply parental information on the FAFSA. If your parents are divorced or separated and don't live together, answer the questions about the parent with whom you lived more during the past 12 months (and include your stepparent if that parent is remarried).  If you did not live with one parent more than the other over the past 12 months, give answers about the parent who provided more financial support during the past 12 months or during the most recent year that you actually received support from a parent.

UCCOM Financial Aid Application

 

Complete this application at medonestop.uc.edu. Login using your ID and password and follow the links under "Financial Aid".  When the application is complete, click "Submit" to upload to the College of Medicine Office of Student Financial Services.  Submit this application between November 15, 2019 and February 15, 2020.

2018 Federal Tax Returns

If you apply for need-based aid, you also must submit SIGNED copies of 2018 Federal Tax Returns (including all schedules) and W-2's for yourself, your spouse if you are married, and your parents to the College of Medicine Office of Financial Services.  If you, your spouse, or your parents did not file a federal tax return for 2018, you must complete the 2020-21 Tax Waiver Statement, available on the website under Forms.  Signed documents may be submitted via email (MDFinAid@uc.edu), fax (513-558-1100), or mail (address listed to the left of this webpage).

February 15, 2020 Application Deadline

 

The deadline to complete the financial aid application process outlined above is February 15, 2020.  Students with complete files by this date will receive email notification in March when their estimated award letters are ready to view online.  Applicants accepted after February 15 will be given appropriate deadline extensions.

Check Your Application

You can check on the status of your application at medonestop.uc.edu inside the portal under "Checklist".

Federal Direct Loans Master Promissory Notes

Federal student loans come from the Direct Loan Program. Borrowers new to the program must complete an online loan agreement known as the Master Promissory Note (or MPN) no later than July 2020.  For the Direct Unsubsidized Stafford Loan, this is done at studentloans.gov under the Graduate/Professional Students tab and selecting "Complete Loan Agreement for a Subsidized/Unsubsidized Loan (MPN)". 

If borrowing the Direct Grad PLUS loan you must complete a second MPN by choosing "Complete Loan Agreement for a PLUS Loan (MPN)" under the same tab as above.

Online Entrance Counseling

Students that borrow through Direct Loans are also required by the federal government to complete an online "entrance counseling" session at: studentloans.gov (first bullet point under the Graduate/Professional Students tab). 

Award Offer Notification

In July, you will receive an email notification when your official award offer is available online for you to view and accept. This notification will be sent to your UC email account and will direct you to the 'My Finances' tile at catalyst.uc.edu.

Accept Federal Direct Unsubsidized Stafford Loan

Upon viewing your official award letter in Catalyst, you may then accept online the amount of Federal Unsubsidized Stafford Loan funds you wish to borrow for the upcoming year.  Accept only what you are sure you will need.  The amount you accept as a first-year medical student will be divided into two equal halves that will disburse separately at the start of fall semester and then at the start of the spring semester.  We recommend students borrow conservatively and then request increases from their unused loan funds later in the year if needed.

Note:  Students that are awarded UCCOM need-based financial aid for 2020-21 must accept a minimum of $20,000 from the Federal Direct Unsubsidized Stafford Loan during the same academic year in order to to receive their institutional funds.  Students who borrow less than the $20,000 threshold will forfeit any UCCOM need-based aid.

Accept Federal Direct Grad PLUS Loan

If you need to borrow above the annual amount of your Federal Direct Unsubsidized Stafford loan, the next level of borrowing is the Federal Graduate PLUS Loan. To receive this loan, you must submit a 'Grad PLUS Loan Request Form' to the College of Medicine Office of Student Financial Services.  It is available in the Forms section of our website. This form can be submitted throughout the academic year.  The amount you accept as a first-year medical student will be divided into two equal halves that will disburse separately at the start of the fall semester and then at the start of the spring semester.  If you do not initially accept your full eligibility, you may request additional funds later in the year.

Start-Up Expenses 

At the start of the school year, you should be prepared to meet expenses, such as security deposits for an apartment and utility set-ups, which you will incur before any financial aid refund becomes available. These one-time expenses may amount to as much as $2,000.