Educational expenses play an important role in selecting a medical school. In realizing this, the Financial Aid Office at Stritch will make every effort possible to assist you in funding your medical education. More than 85% of Stritch students rely on financial assistance beyond that of their families to pay the costs associated with medical school attendance.

Applicants intending to seek institutional aid are urged to involve their parents early in the financial aid application process. Many families operate under the mistaken assumption that students at the graduate level will be aided without regard to parent circumstances. Although this may be typical for many graduate programs, it is not traditionally the case for professional programs such as medicine.

THE COST OF MEDICAL EDUCATION 2008-2009    Return to the top

*Figures are for students living in an apartment. Students are encouraged to share an apartment.

WHO SHOULD APPLY?            Return to the top

Applicants who have interviewed at Loyola Stritch School of Medicine should apply whether or not they have been notified of an acceptance.

WHEN SHOULD YOU APPLY?                Return to the top

WHAT'S INVOLVED?               Return to the top

Those individuals who meet the financial aid application deadline can expect to receive a Financial Aid Award prior to May 15th .

ARMED FORCES HEALTH PROFESSIONS SCHOLARSHIPS

Incoming medical students who have received Armed Forces Health Professions Scholarships (Air Force, Army or Navy) are asked to send a copy of their scholarship acceptance letter in the Financial Aid Folder to Donna Sobie, Director of Financial Aid, 2160 S. First Avenue, Bldg. 120, Room 210, Maywood, IL.

Most students should anticipate between $2,500 and $3,000 in preliminary expenses as you begin medical school. These expenses will include security deposits for apartments and utilities, the first month’s rent, school books and supplies, food and other personal needs. If you have a family, these expenses will be larger. If your financial aid is received by your lender, your refund for living expenses will be available during the week of August 3rd. Therefore, you should be prepared to meet your initial expenses with your own money.

New students without local bank accounts should have between $800 and $900 in cash, traveler’s checks, money orders, or access to ATM’s to cover their personal expenses during the first weeks of medical school. It is almost impossible to cash personal checks from non-Illinois banks in local stores. Local banks will not cash your checks until you have established an account and the processing period for out-of-state checks has passed. During the first weeks of school, you will have to have money available for your use at times when the banks are closed. Please be prepared.