MD Student Financial Aid

Incoming student webinar:

Medical Student Financial Aid: Information for Incoming M1s

April 2026 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 2026-27 year effective July 1, 2026:
Federal Direct Unsubsidized: 8.07% Federal Direct Graduate Plus: 9.07%

Origination Fees for the 2026-27 Unsubsidized Loans Loan Fee
Loans disbursed on of after 10/01/20 and before 10/01/26 1.057%

Origination Fees for the 2026-27 Graduate Plus loans Loans Loan Fee
Loans disbursed on of after 10/01/20 and before 10/01/26 4.228%

* Important: Due to changes in federal law, new graduate and professional student borrowers are no longer eligible for Federal Direct Graduate PLUS Loans for loans first disbursed on or after July 1, 2026. Students who borrowed Graduate PLUS Loans before that date may still be eligible for additional Graduate PLUS Loans under certain grandfathering provisions.

Federal student loan interest rates are established annually by the U.S. Department of Education and apply to loans first disbursed between July 1 and June 30 of the applicable award year. Origination fees are set by federal law and are subject to change each October.

For the most current federal student loan interest rates and origination fees, please visit StudentAid.gov.

2026-27 FAFSA

The 2026-27 Free Application For Student Aid (FAFSA) is now available to complete through StudentAid.Gov. The new year's FAFSA comes with a few changes. There are less questions than a few years ago and you must provide consent in order to complete the FAFSA and be eligible for federal financial aid.

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

Beginning July 1, 2026, the Federal Direct Graduate PLUS Loan is no longer available to most new graduate and professional student borrowers due to changes in federal law. New medical students who begin borrowing on or after July 1, 2026, are generally not eligible to receive Graduate PLUS Loans.

Students who need funding beyond their Federal Direct Unsubsidized Loan eligibility may wish to explore private educational loan options.

Continuing Medical Students

Medical students who received a Federal Direct Graduate PLUS Loan prior to July 1, 2026, may remain eligible to borrow additional Graduate PLUS Loans under the federal grandfathering provisions, provided they continue to meet all federal eligibility requirements.

If you are a continuing student who remains eligible, you may apply for a Graduate PLUS Loan by completing the following steps:

Complete the Graduate PLUS Loan application at StudentAid.gov.
Complete the Graduate PLUS Master Promissory Note (MPN), if applicable.
Notify the HSC Financial Aid Office if you would like to borrow less than your approved eligibility.

You cannot accept the Grad Plus loan through your My UT Portal. This loan type requires a separate application at 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 2026-27 is now available through StudentAid.gov.

The 2026-27 loan period dates are as follows:

Fall/Spring: Aug 2026 - May 2027 (Default)
Summer Only: May 2026- Aug 2026
Fall Only: Aug 2026 - Dec 2026
Spring Only: Jan 2027 - May 2027
Summer/Fall/Spring: May 2026 - May 2027 (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

2026-27 Loan Disbursement Dates for Medical Students

M1:
Fall: Week of July 27, 2026
Spring: Week of January 4, 2027
M2:
Fall: Week of July 13, 2026
Spring: Week of October 26, 2026
Summer Billing Information:
For M4s: The Summer 2026 payment due date is May 5, 2026
For M3s: The Summer 2026 payment due date is May 1, 2026.
For all classes: If you have enough in loans to cover your full balance due and have accepted them through your MyUT Portal and completed all other financial aid requirements, your bill will be paid on the disbursement date listed above without penalty. If you do not plan to borrow enough loans to cover your full balance due, please make the required payment by the applicable due date to avoid a $100 late fee on your account. Due dates for each term can be found on Treasurer's Office webpage.

M3:
Fall: Week of May 1, 2026
Spring: Week of October 26, 2026
M4:
Summer: Mid May 2026
Fall: Week of August 31, 2026
Spring: Week of January 4, 2027
*If you are registered for Flex Time at the beginning of any term OR you are registered for an away rotation that overlaps two semesters, your financial 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 business days from the disbursement date for the direct deposit to reach your bank account.