Office of Student Financial Aid
The Student Financial Aid office supports the mission, vision and values of Baylor College of Medicine.
The mission of the Office of Financial Aid is to assist and counsel students in obtaining financial assistance for their education, as well as educate in the importance and understanding of their financial obligations.
Funding Sources and Programs
The primary funding sources are listed in Funding Education Beyond High School: The Guide to Federal Student Aid published by the Department of Education.
In addition there are also federal loan and grant programs specifically for health professions students. While these programs provide some financial assistance, you will want to contact medical societies, state agencies and other associations that support medical education to determine whether they have scholarships or low interest loan programs available. The office also makes available to students any information it receives concerning outside scholarship opportunities.
We recommend students carefully study the many programs that are available. You should become familiar with the various interest rates, repayment periods, annual and aggregate loan limits, and the services provided by the agencies that provide these resources.
Discuss your anticipated need for financial assistance with your family and be aware of the amount of debt you may have to repay once you complete your studies. The average medical school debt for the 2014 graduating class is $100,133.
Baylor College of Medicine and the Student Financial Aid office make every effort to ensure that all information remains confidential in accordance with the Family Educational Rights and Privacy Act.