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Medical Student Financial Services

New Student Financial Aid Instructions: 2017-2018

The instructions below are also available for download - 17-18 New Student Instructions(PDF)

The Free Application for Federal Student Aid (FAFSA)

Complete the FAFSA at www.fafsa.gov. The medical school shares a federal Department of Education school code with the main university:

University of Cincinnati (003125)

Students who wish to receive consideration for UCCOM institutional need-based scholarships and/or need-based loans must include parental information on the FAFSA.  Answer 'Yes' to the question "Do you want to answer questions about your parents?" found in the Dependency Status section of the FAFSA.  Students who respond 'No' will still receive full consideration for federal student loans.

IRS Data Retrieval

If you filed a federal tax return for 2015, you should use the IRS data retrieval tool when you complete your FAFSA.  Applicants who do not utilize the IRS data retrieval process and are selected for Verification will have to request a tax transcript from the IRS or document their status as a non-filer.

Statement on FAFSA and Divorced Parents

Students who wish to be considered for institutional need-based financial aid must supply parental information on the FAFSA. If your parents are divorced and do not live together, answer the questions about the parent with whom you lived more during the past 12 months. If this is equal or not applicable to you, give answers about the parent who provided more financial support during the past 12 months or during the most recent year that you actually received support from a parent.

UCCOM Financial Aid Application

 

Complete this application at medonestop.uc.edu. Login using your ID and password and follow the links under "Financial Aid".  When the application is complete, click "Submit" to upload it to the Financial Aid Office.

2015 Federal Tax Returns

If you apply for need-based aid, you also must submit signed copies of 2015 Federal Tax Returns (including all schedules) and W-2,s for yourself, your spouse if you are married, and your parents to the Financial Aid Office. Our contact information is available to the left. If you, your spouse, or your parents did not file a federal tax return for 2015, you must complete the 2015 Tax Waiver Statement, available on the website under Forms. 

February 1, 2017 Application Deadline

 

The deadline to complete the financial aid application process is February 1, 2017.  Students with complete files by this date will receive email notification in March when their estimated award letters are ready to view online.  Applicants accepted after February 1 will be given appropriate deadline extensions.

Check Your Application

You can check on the status of your application at www.medonestop.uc.edu inside the portal under "Checklist".

Direct Loans Master Promissory Notes

Federal student loans come from the Direct Loan Program. Borrowers new to the program must complete the Master Promissory Note (MPN) for the Unsubsidized Stafford loan. This is done online at www.studentloans.gov. For your school, select the University of Cincinnati, 2624 Clifton Ave., 440 University Pavilion. If you also wish to receive the Grad PLUS loan you must complete a MPN for that loan.

Online Entrance Counseling

Students who are borrowing the Federal Unsubsidized Stafford and/or Grad PLUS loan are required by the government to complete entrance counseling online at: www.studentloans.gov. Identify yourself as a graduate student when you do the entrance counseling. For your school, select the University of Cincinnati, 2624 Clifton Ave., 440 University Pavilion.

Award Letter Notification

In July, you will receive an email notification when your official award letter is available to view online. This notification will be sent to your UC email account and will direct you to the 'My Finances' tab at catalyst.uc.edu.

Accept Federal Direct Unsubsidized Stafford Loan

Upon viewing your official award letter in Catalyst, you may accept online the amount of Federal Unsubsidized Stafford Loan funds you wish to borrow for the upcoming year.  Accept only what you are sure you will need.  You can reduce your loan at any time.  If you do not use your full eligibility, you can apply for additional funds later in the year. Keep in mind you must accept a minimum of $8,500 in order to keep any institutional aid from the College for which may have also been awarded.

Accept Federal Direct Grad PLUS Loan

If you need funds in addition to what is available in Stafford loans, the next level of borrowing is the Federal Grad PLUS Loan. To receive this loan, you must submit a 'Grad PLUS Loan Request Form' to the College of Medicine Financial Aid Office.  It is available in the Forms section of our website. This form can be submitted any time during the academic year. If you do not accept your full eligibility, you can request additional funds later in the year.

Start-Up Expenses 

At the start of the school year, you should be prepared to meet the expenses, such as security deposits for an apartment and utility hook-ups, which you will incur before your financial aid refund is available. These expenses can amount to as much as $2,000.