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Admissions
Financial
Aid
A Stritch
education is a significant financial investment with
immeasurable dividends. More than 85 percent of our
student body receives financial assistance, usually
a combination of loans and scholarships. In most cases,
students, and their families are expected to shoulder
a portion of the financial responsibility.
The
Stritch School of Medicine’s 2008-2009 tuition
is $37,700 and fees (which include hospital/disability
insurance)are $3,004. Living expenses, books, supplies,
and transportation average around $18,052 a year. The
Office of Financial Aid tries to create a package of
funding sources for students to help them meet their
financial obligations at a realistic cost. Also, students
may seek outside loans, scholarships, and grants by
visiting their local library or browsing the Web. Some
good Web sites include:
Financial Aid Process
Students who are admitted
to the Stritch School of Medicine can submit a financial
aid application beginning the January prior to matriculation.
Complete the Free Application for Federal Student Aid
(FAFSA) online at www.fafsa.ed.gov
no later than March 1 prior to matriculation. Our school
code is G09188. Complete the Stritch Financial Aid Application
online at www.meddean.lumc.edu/FinancialAid
no later than March 1 prior to matriculation. Our financial
aid office carefully examines each student’s application
and awards funding based on the financial situation
of the student, his or her spouse, and parents. Medical
students must reapply for financial aid every January.
Individual counseling and
financial aid seminars are offered during the four years
of medical school to assist students in managing their
educational debt.
Funding Sources
Loans
Individuals with a good credit history can take advantage
of a wide variety of loans. Loan eligibility requirements
vary; for example, interest rates, maximum loan amounts,
application procedures, and repayment plans differ from
loan to loan.
Scholarships
Many scholarships are available for students who meet
certain criteria or are willing to provide needed medical
services after graduation. The National Health Services
Corporation, for instance, offers scholarships for students
who are willing to complete at least two years of primary
care service after graduation, while the Armed Forces
will cover all costs for eligible students who agree
to serve in the military after graduation. Special scholarships
are available for students in extreme financial need.
Visit our Office
of Financial Aid site for more information about
the financial aid process and descriptions of the loan,
scholarship, and grant programs administered through
Stritch.
Questions or Comments
about financial aid:
Loyola University Chicago
Stritch School of Medicine -- Financial Aid
2160 South First Avenue
Maywood, IL 60153
(708) 216-3227
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