Types of Financial Aid | Emory School of Medicine

Scholarships for Medical Students

Nearly 70 scholarships are awarded by the Office of Financial Aid based on eligibility as determined by the information the student submits on the FAFSA and the PROFILE. No supplemental applications are required. This includes nearly 20 scholarships based on merit and several based on community service.

All accepted students (regardless of citizenship or DACA status) are eligible for the same merit-based scholarships available to domestic students. No separate application is required. All accepted students are automatically considered for merit-based awards.

Scholarships Based on Merit

Highlights

Robert W. Woodruff Fellowships

Four first-year medical and two MD/PhD students are selected as recipients of Woodruff Fellowships. Each fellowship covers full tuition and a stipend for a four-year period of study. Applicants are assessed on demonstrated qualities of forceful and unselfish character, intellectual and personal vigor, outstanding academic achievement, motivation for medicine, impressive communication skills, leadership, and creativity. A special application is not required. Individuals accepted to the initial class (through mid-March) will constitute the pool from which finalists will be selected. For additional information, contact the Office of Admissions of the School of Medicine.

Dr. G. Keith Pilling Scholarship

A four-year full tuition scholarship is awarded once every four years to a student with outstanding academic merit, financial need, and is a U.S. citizen.

Loan Programs

Direct Federal Unsubsidized Stafford Loan – Not based on financial need; up to $47,167 per academic year; 6.60% interest rate; interest is assessed as soon as student receives full disbursement of loan but student can allow interest to accumulate and accumulated interest is added to loan amount when student begins repayment; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); no cosigner required.

Direct Federal GradPLUS Loan – Not based on financial need; can borrow up to the cost of attendance (see below) minus any other aid student is receiving; 7.60% interest rate; repayment begins 60 days after student receives full disbursement of loan but student can request a deferment until 6 months after leaving school; interest accumulates if student defers payments while enrolled; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); student must pass a credit check or have a credit-worthy cosigner.

Institutional Loans – based on financial need; $5,000 per academic year; 4.22% interest rate; repayment begins 6 months after leaving school; up to 10 years to repay. These include: Emory Clinic Medical Loan, Medical School Dean’s Loan, Martha W. Andrews Medical Loan; AMA-ERF Medical Loan; Georgia Pediatric Society Medical Loan; Richardson Medical Loan; and Ben Smithloff Medical Loan.

Private Loans – Students are encouraged to take advantage of all institutional and federal aid before turning to private loans, which may have higher interest rates and/or lack some of the other benefits of federal aid. However, students who have reached federal loan limits or fail to meet certain academic requirements may need to look to private loans for assistance. These loans are available from some banks that participated in federal loans previously. Borrowers must be credit-worthy or have a credit-worthy cosigner.

Veterans Benefits

The Emory University Office of the Registrar is responsible for certifying the eligibility and enrollment for students receiving veterans educational benefits.

Emory Payment Plan

The Emory Payment Plan is available to help students pay any balance owed to the university for tuition and fees over the course of the semester. Rather than paying the entire balance at the beginning of the semester, students make four scheduled monthly payments. There is a $60 fee to enroll in the payment plan.