UF COM Financial Aid Fact Sheet

Contact Information

Overview of the Application Process

• Meet with financial aid officers and talk with students
• Read financial aid information and be prepared to ask questions
• Devise a calendar for submitting financial aid applications within school deadlines
• Know the terms of aid; budget, cost of attendance, interest rates, etc.
• Search for outside scholarships/grants/fellowships and loans

Timing of Applications: Apply Early!

• Complete a Free Application for Federal Student Aid (FAFSA) every year as soon as possible: 2026-2027 FAFSA available now.
  • UF school code is 001535.
  • Do not wait for acceptances as you can list up to 20 schools. https://studentaid.gov
• Most schools have a supplemental form for institutional aid. UF will have the COM Scholarship Application available in early 2026 to accepted students.

Explore Sources of Financial Aid

• Immediate family
• Outside scholarships
• Military HPSP and National Health Service Corps https://nhsc.hrsa.gov/
  • Pays tuition/fees, books/supplies, insurance & gives monthly stipend of ~ $2,150 ii.20K Signing Bonus for a 4-year scholarship. Minimum service requirement is 3 years iii.Currently UF has 11 students on HPSP or NHSC (as of 2025)
    • AIR FORCE 1-407-722-5037
    • ARMY 1-352-376-0408
    • NAVY 1-352-337-2942
    • NHSC  1-800-221-9393

Types of Direct Federal Loans

• Unsubsidized Loans
  • Borrower is responsible for the interest but payment can be deferred while in school and Residency. At UF you may borrow up to $50,000 (Year 1)
  • Aggregate Federal Loan Limit = $257,500 (includes undergraduate Federal Loans)
  • Program Limit = $200,000 (minus any borrowing as a graduate student)
  • Current Interest Rate 7.94% (changes every July 1st)
  • Current Loan Origination Fee 1.057% (changes every October 1 st)

School Assistance

• On-time COM application deadline is March 1, 2026
  • COM Award Notification Letters will be available in April 2026
  • COM Aid: Grants, Loans, Scholarships (Historical Need Considered)
  • Class of 2030
    • Scholarships/waivers/grants range from $2,500-$25,000
    • All COM Awards are based on need, merit, or both
  • COM need-based loans are interest free while in school > Aggregate Max of $20,000*

Tips for Comparing: Know the Cost of your Medical Education

• A school budget includes tuition/fees, rent, books/supplies, food, transportation and personal expenses. The is called “Cost of Attendance” (COA)
• Compare the overall budget with your contribution and the combination of loans, waivers, grants, and scholarships offered by the school

Average Debt

• Class of 2025 AAMC Median Medical School Debt: $215,000
• UF Medical school debt average $187,086 (does not include educational pre-medical school).
• Payments made on your student loans during Residency can be as low as $0*

FIRST for Medical Education

• Financial Information, Resources, Services & Tools
  • The financial aid application process
  • Budgeting as a MED student (in school and in Residency)
  • Medical schools costs for non-traditional students
  • Official AAMC guides for applicants
  • Federal Loan 101
  • Loan & Budget calculators
  • The cost of applying for Residency
  • Choosing a specialty: A critical career decision

*OOS= Out of State