MD Student Financial Aid

Incoming student webinar:

Medical Student Financial Aid: Information for Incoming M1s

April 2023 Webinar

If you have questions about how to qualify for In-State residency, please email HSCStudentServices@utoledo.edu

Federal student loan interest rates and fees

Interest rates for the 2023-24 year effective July 1, 2023:

Federal Direct Unsubsidized: 7.05% Federal Direct Graduate Plus: 8.05%

Origination Fees for the 2023-24 Unsubsidized Loans Loan Fee

Loans disbursed on of after 10/01/20 and before 10/01/23 1.057%

Origination Fees for the 2023-24 Graduate Plus loans Loans Loan Fee

Loans disbursed on of after 10/01/20 and before 10/01/23 4.228%

To stay up-to-date on the current interest rates and origination fees, please visit StudentAid.Gov for more information.

Coronavirus Forbearance Info For Students, Borrowers & Parents

Please visit The Department of Education's website at studentaid.gov for more information about the provisions of the recently passed CARES Act.

For loan change requests:

Please use the Loan Change Form available through your MyUT Portal as a link in the Student Tab and under the ‘My Financial Aid’ heading
OR
Download a paper loan change form here.

GRAD PLUS LOAN INFORMATION

You cannot accept the Grad Plus loan through your My UT Portal. This loan type requires a separate application at www.studentaid.gov

If you are applying for the Grad Plus loan for a specific term, you will need to change the loan period dates on the Grad Plus loan application on studentaid.gov. The application defaults to a Fall/Spring Loan. Please be sure to also complete the Master Promissory Note (MPN) after completing the application.

The Graduate Plus Loan application for 2023-24 is now available through Studentaid.Gov.

The 2023-24 loan period dates are as follows:

Fall/Spring: Aug 2023 - May 2024 (Default)
Summer Only: May 2023- Aug 2023
Fall Only: Aug 2023 - Dec 2023
Spring Only: Jan 2024 - May 2024
Summer/Fall/Spring: May 2023 - May 2024 (All three terms, amount split equally)

Contact

If your question is regarding:

Your billing statement (tuition & fees)
In-State Residency
Registration (class scheduling)
General Financial Aid questions

Please contact the HSC Student Service Office at 419.383.3600 or HSCStudentServices@utoledo.edu

2023-2024 Loan Disbursement Dates for Medical Students

M1:
Fall: Week of July 31st, 2023
Spring: Week of January 3rd, 2024
M2:
Summer: Week of July 12th, 2023
Fall: Week of September 25th, 2023
Spring: Week of January 8th, 2024
Spring Billing Information:
For M1s, M3s and M4s: The spring 2024 payment due date is January 5th, 2024.
For M2s: The spring 2024 payment due date is January 26th, 2024.
For all classes: If you have enough in loans to cover your full balance due, and have accepted them through your My UT Portal and completed all other requirements, your bill will be paid on the disbursement date listed above, without penalty. If you do not plan to borrow loans to cover your full balance due, please make the required payment by the summer due date to avoid a $100 late fee on your account. Due dates for each term can be found on the Treasurer's Office webpage.

M3:
Summer: Week of May 1st, 2023
Fall: Week of July 27th, 2023
Spring: Week of February 5th, 2024
M4:
Summer: Week of May 1st, 2023
Fall: Week of August 21st, 2023
Spring: Week of January 22nd, 2024
*If you are registered for Flex Time at the beginning of any term, your aid will not disburse until you begin a course or clerkship for that term. In that case, the disbursement date will be later than listed above.
If you are expecting a refund, please allow 3-5 days from the disbursement date for the direct deposit to reach your bank account.