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

• 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.

Learn More About Medical Student Finances & the University of Minnesota

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

  • Webinar opportunity “Secure Your Future: Why Credit Matters Before Medical School” on May 19, 2026 at 4:00 pm Central Time

    1. Federal loan caps are coming in June 2026, and private loans will play a bigger role in funding your medical education. Join Veronica Herrera from Experian for an eye-opening session on how to build, manage, and leverage your credit now, so you’re ready when it counts. Don’t let financing be the barrier to your dream career. 

    2. Register for FREE. Those who register will be provided the recorded webinar a few weeks after the live session. 

  • Guide to Money Management - Entering Medical School

  • Financing Your Medical 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.

• Medical School Financial Aid Tip Sheets for Entering Students

  • May 2026 - Budgeting

Questions? 

Contact the Medical School Financial Aid Office at msfao@umn.edu or (218) 726-6548 with any questions or concerns about your financial aid status.