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Types of Scholarships and Financial Aid

Scholarship Opportunities at UH College of Medicine

Inaugural Class Scholarship
Through the generosity of an anonymous donor, the UH College of Medicine Inaugural Class Scholarship will provide full tuition and fees scholarships for the inaugural class, up to $100,000.00 per recipient. The UH College of Medicine Office of Scholarships and Financial Aid will automatically apply this scholarship to your tuition and fees each semester. Certain conditions apply to maintain the scholarship.

Outside Scholarship Opportunities

National Medical Fellowships Program
NMF is a nonprofit organization dedicated to increasing the number of underrepresented minority physicians and other professionals in the health care workforce to improve access to quality health care in medically underserved communities. Most awards are granted to first- and second-year medical students who demonstrate financial need. Awards vary.

Federal Student Loans

Federal Direct Unsubsidized and Federal Direct PLUS Loans through the U.S. Department of Education are generally the most popular loan sources utilized by medical students. Be sure to understand the terms and conditions.

  • Federal Direct Unsubsidized Loan Terms
    • Interest Rate: 6.08% (For loans disbursed 7/1/2019 – 6/30/2020)
    • Origination Fees: 1.059% (For loans disbursed after 10/1/2019 and before 10/1/2020)
    • Annual Borrowing Limit:
      • First-Year Medical Student: $42,722, or up to the cost of attendance, whichever happens first.
      • Loan amounts are divided equally across semesters within each academic year.
      • Please Note: Students may not receive financial aid that exceeds their cost of attendance. If this occurs, the Office of Scholarships and Financial Aid is required to return the over award amount to the highest interest bearing loan first, if applicable.
    • Lifetime Aggregate Borrowing Limit: $224,000 for health professional students.
    • Eligibility: U.S. citizens or permanent residents who complete the FAFSA and not in default on a federal student loan.
    • Repayment: Begins after a six-month grace period once a medical student graduates or ceases enrollment. The U.S. Department of Education works with different loan servicers, and the department notifies students which servicer their federal loans were assigned.
  • Federal Direct PLUS Loan Terms
    • Thanks to the Inaugural Class Scholarship, Federal Direct PLUS Loans are not an option to the inaugural class, unless a student has reached the lifetime aggregate borrowing limit.
    • Interest Rate: 7.08% (For loans disbursed 7/1/2019 – 6/30/2020)
    • Origination Fees: 4.236% (For loans disbursed after 10/1/2019 and before 10/1/2020)
    • Annual Borrowing Limit: Up to the cost of attendance, minus all other aid received.
      • Please Note: Students may not receive financial aid that exceeds their cost of attendance. If this occurs, the Office of Scholarships and Financial Aid is required to return the over award amount to the highest interest bearing loan first, if applicable.
    • Eligibility: U.S. citizens or permanent residents who complete the FAFSA and not in default on a federal student loan.
    • Repayment: If you received a Direct PLUS loan, you automatically get a six-month deferment after you graduate or cease enrollment.
  • More Information

Alternative Loan Options

Texas Medical Association
TMA offers both loans and scholarships for medical students and residents.

Private Loans
ELM Select allows students to compare several private loan lenders.