How does Med schools grant need based and/or merit based scholarship for students?
Is it similar to undergrads? The reason I am asking this is that I may get GC before I graduate my undergrad, but I m 100% sure that my fund by that time will not even close to half the money I need to attend the med schools. I have asked many schools through emails, but none of them replied…
FA in med school --not at all similar to undergrad.
Most med school FA is federal loans only. Students can borrow up to $40,500/year through federal direct loans. They can borrow additional monies up to the school’s published COA through Grad Plus loans. (Grad Plus eligibility requires that the student has a clean credit history.)
Med students are considered independent for FA purposes by FAFSA, but all private med schools and many state med school require documentation of family incomes & assets…
A few tippy top schools (think Harvard, Yale, Columbia, Stanford, JHU) offer some need-based grants, BUT ONLY after the student takes out a base loan (typically around $35K-$45K/year) and a family contribution has been met.
Guaranteed merit for med school is non-existent.
Since you are an international student, you are not eligible for federal loans. This will make finding the monies to attend med school problematic.
Do you mean guaranteed in the sense that “meet these benchmarks and you get X dollars?” In which case, yes that’s non-existent.
Or do you mean guaranteed in the sense that you are awarded some merit money after you’re admitted that amount is generally promised for the full 4 years? In which case it definitely exists.
That’s what I meant since the OP is attending a US college on guaranteed-for-stats merit.