College of Medicine and Life Sciences - MD Programs

MD Student Financial Aid

Incoming student webinar: 

Medical Student Financial Aid: Information for Incoming M1s

 April 2024 Webinar


If you have questions about how to qualify for In-State residency, please email 

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.

2024-25 FAFSA

The 2024-25 Free Application For Student Aid (FAFSA) is now available to complete through StudentAid.Gov. The new year's FAFSA comes with a variety of changes including a massive reduction in the number of overall questions, you will no longer be able to report parental information as an independent student (even if you wanted to) and all of your tax filing information (or non-filing information, if you did not file) will be automatically transferred into the FAFSA once you give consent. You must provide consent in order to complete the FAFSA and be eligible for federal financial aid.


Please note that 2024-25 Financial Aid packaging will be delayed to late April or early May due to the Department of Education's delays with the FAFSA. Our office will be receiving FAFSAs 6 months later than usual and will be working as fast as possible to get all of our students a financial aid award package. Should you have any questions or concerns, please email HSCFinAid@UToledo. We sincerely appreciate your patience and understanding during this unprecedented year! 

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
Download a paper loan change form here.


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

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 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)


The Graduate Plus Loan application for 2024-25 is not expected to be available until sometime in late April 2024.


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

2024-25 Loan Disbursement Dates for Medical Students
  • M1:
    Fall: Week of July29th, 2024
    Spring: Week of January 6th, 2025
  • M2:
    Summer: Week of July 12th, 2024
    Fall: Week of September 30th, 2024
    Spring: Week of January 6th, 2025
  • Summer Billing Information:
  • For M3s and M4s: The Summer 2024 payment due date is May 5th, 2024. No late fee will be assessed for this payment due date due to packaging students late. 
  • For M2s: The Summer 2024 payment due date is July 1st, 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: Late May 2024 at the earliest 
    Fall: Week of July 29th, 2024
    Spring: Week of February 3rd, 2025
  • M4:
    Summer: Late May 2024 at the earliest
    Fall: Week of September 2nd, 2024
    Spring: Week of January 6th, 2024
  • *If you are registered for Flex Time at the beginning of any term OR you are registered for an away rotation that overlaps 2 semesters, your aid will not disburse until you begin a course or clerkship for the current 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.

Resources for new and continuing students 


Complete the FAFSA at 

Financial Aid - The University of Toledo School Code is 003131

The AAMC's FIRST (Financial Information, Resources, Services, and Tools) program provides free resources to help you make wise financial decisions.

Financial Education Resources:

AAMC Financial Wellness

Budgeting Worksheet for Students 

Loan Repayment Information:

Education Debt Manager (PDF)

Repayment Plan Comparison Chart (PDF)

Budgeting Worksheet for Residents



Please contact
The HSC Student Service Center at 419.383.3600 or

Additional Questions

For additional questions regarding Federal Student Loans, contact :

Last Updated: 4/15/24