Financial Aid Basics
HEALTH SCIENCE DIVISION (HSD) FINANCIAL AID
A Loyola University Chicago Stritch School of Medicine (SSOM) education is a significant financial investment with immeasurable dividends. More than 85 percent of our student body receives financial assistance, usually a combination of loans and scholarships. In most cases, students, and their families are expected to shoulder a portion of the financial responsibility.
The Stritch School of Medicine’s 2017–2018 tuition is $56,080. Living expenses, books, supplies, and transportation average around $22,000 per year. The Financial Aid Office aim is to create a package of funding sources for students to help them meet their financial obligations at a realistic cost. Students may seek additional loans, scholarships, and grants by visiting their local library or browsing the Web.
FINANCIAL AID PROCESS
Students who are admitted to the Stritch School of Medicine can submit a financial aid application beginning October 1st, prior to matriculation. Complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov no later than March 1. The school code for Loyola University Chicago- Stritch School of Medicine is 001710.
The Financial Aid Office carefully examines each student’s file and awards funding based on the financial situation of the student, his or her spouse, and parents (first year students only). Medical students must reapply for financial aid on a yearly basis.
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