Financial Aid Tasks

The tasks below fall under the purview of the Medical School Financial Aid Office. 

Please note: Further updates regarding Medical School Financial Aid will be available throughout the coming months. Please check back frequently for updates. 

Applying for Financial Aid

Review the information below to learn more about financial aid availability and the application process.

• Introduction and Information Letter

• Financial Aid Timeline

• Current Medical Student Budget/Cost of Attendance

• Types of Financial Aid Available at the University of Minnesota Medical School

  • • On July 4, 2025, the President signed H.R. 1 (One Big Beautiful Bill Act) into law and made several changes to federal student aid programs. University of Minnesota One Stop Student Services has information on their website regarding H.R. 1 and federal financial aid changes. Federal Student Aid also has information on their website.

    • Examine your own finances and costs at the University of Minnesota Medical School.

    • Map out a plan for financing your medical education across the four years of the University of Minnesota Medical School program.

• Directions to Apply for Financial Aid - March 2026

  • • Application Materials for Financial Aid

      • The March 1st deadline is waived for new matriculants accepted on or after March 1, 2026.

• 2026-2027 Financial Aid Notice (FAN) Information - (NEW 7/10/2026)

• Medical School Financial Aid / Debt Management Tip Sheets for Entering Students

  • • May 2026 - Budgeting

    • June 2026 - Loans

    • July 2026 - Responding to Your Financial Aid Notice for Medical School

Learn More About Medical Student Finances & the University of Minnesota

• AAMC FIRST website for medical students (FIRST = Financial Information, Resources, Services, and Tools)

  • Guide to Money Management - Entering Medical School

  • Financing Your Medical School Education (recorded webinar)

• Medical School Financial Aid website - includes information about the medical student budget and money management

  • Service-commitment Scholarships, such as Air Force Medical Education Scholarship 

  • Financial Aid Supplemental Scholarship Booklet - This is a list of outside scholarships compiled by the Medical School Financial Aid Office.

• University of Minnesota Twin Cities One Stop Student Services website

Questions? 

Contact the Medical School Financial Aid Office at msfao@umn.edu or (612) 625-4998 with any questions or concerns about your financial aid status.

Complete Outstanding Educational Debt Online Form - Due August 17, 2026

Find the form here.

Use your University of MN-assigned email to log in.

In order to calculate the total debt of medical students, the Medical School Financial Aid Office needs to determine the amounts and types of loans you have outstanding PRIOR to Medical School. This will assist us in accurately advising and assisting you with your educational finances throughout medical school.

Please note: ALL students are required to complete this form, even those who do not have any outstanding educational debt or who do not expect to borrow student loans for medical school. 

Computer Purchase Financial Aid Allowance (Loan)

only if purchased on or after July 1, 2026

Students who do not already have a laptop for educational purposes may need to purchase one for medical school. If financial aid (student loans) is needed to assist with the out-of-pocket purchase, the maximum computer purchase allowance (permitted one time during your Medical School career) for financial aid adjustment will be $1500. Students requesting financial aid for this purpose must submit documentation for the computer purchase such as a purchase agreement, bill of sale, or store receipt with the student's name on it, along with a simple request/appeal form.

The loan for a computer/tablet will be funded with either additional Direct Unsubsidized Loan funding or private student loan funding and will be offered based on the most favorable loan type you have eligibility to receive.

The Medical School Financial Aid Office is unable to process loans for computer purchases until the beginning of fall semester. If you are thinking of purchasing a computer or upgrading a current computer using financial aid, please do not purchase the equipment until Wednesday, July 1 or later. You may not submit the request/appeal form to the Financial Aid Office until Monday, August 17 (first day of Orientation) or later. When it’s available, you will find the “2026-27 Cost of Attendance Appeal” form by visiting One Stop Student Services to find the Forms index. The loan funds would become available after the beginning of fall semester.

Be sure you review system requirements before purchasing new technology!