Financial Services

Medical Student Handbook

Financial Aid and Scholarships

In conjunction with UNR, the University of Nevada, Reno School of Medicine offers extensive financial assistance programs to ensure that qualified students will not be denied higher education because of financial need. Financial aid is considered a supplement to the funds provided by the student and his/her family. The university evaluates all available outside sources of income and expects the student to utilize them completely. Information regarding the availability and application procedures for all financial aid programs may be obtained in the Office of Student Financial Aid and Scholarships on the UNR campus, (775) 784-4666.

The Office of Admissions and Student Affairs' Assistant Director for Financial Aid, Leonard Walker, M.Ed., is the medical students' primary resource to assist with financial aid issues. However, it is the responsibility of the student to submit all documents to the appropriate offices by the established deadlines. Federal Financial Aid is not guaranteed each year of enrollment. Students are responsible for reapplying each year. The Free Application for Federal Student Aid (FAFSA) is available in January for the following academic year. For forms, publications, and policies please refer to the Office of Financial Aid & Scholarships: Forms, Publications, and Policies. Students must maintain satisfactory academic progress to remain eligible for financial aid and scholarships.

Satisfactory Academic Progress For Medical Student Financial Aid

To be eligible for financial aid, students must meet Satisfactory Academic Progress (SAP) standards outlined in this policy. The Office of Student Financial Aid & Scholarships at the University of Nevada, Reno and the University of Nevada, Reno School of Medicine have established qualitative and quantitative requirements for a student's progress towards completion of their medical doctor (M.D.) degree. These standards must be met for a student to maintain financial aid eligibility.

School of Medicine Need Based Scholarships

The amount of award varies depending upon availability of funds and the financial need of eligible students. All students must complete a School of Medicine Need Based Scholarship application in addition to filing the Free Application for Federal Student Aid (FAFSA). Need based applications can be obtained on the Scholarships and Other Funding webpage. An application must be completed for each year the student is enrolled in medical school.

For additional information regarding School of Medicine Scholarships, please contact Jodi Shpargel, Office of Admissions and Student Affairs, (775) 682-8361.

Loans

Information regarding current institutional loans is available at the Office of Financial Aid & Scholarships: Loans Information. Loan types, amounts, interest rates and regulations are subject to change, and students are advised to contact the Office of Student Financial Aid and Scholarships for the most recent terms.

Financial aid, including loans and scholarships cannot exceed the cost of attendance as determined by the Office of Student Financial Aid and Scholarships on the UNR campus.

Loan Deferment and Forbearance

Students must complete deferment and/or forbearance forms for all outstanding student loans. Deferment and/or forbearance forms are obtained by contacting the lender and must be submitted to the Office of Student Financial Aid and Scholarships for certification. Loan repayment is a serious legal obligation. Responsible and successful repayment is critical to both the student and the School of Medicine. For this reason, it is essential that students understand the terms of each loan program to which they are committed.

Even if a student has applied for a loan deferment/forbearance, payments must continue until the deferment and/or forbearance is processed and documentation of the deferment/forbearance is received by the student.

Short-Term Loans

The following short-term loans are available for medical students experiencing financial difficulty during the academic year:

School of Medicine Emergency Loans

Emergency School of Medicine loans are short-term, interest-free loans granted for up to $2,000. The loans must be repaid within 90 days. If the loan is not repaid within 90 days, a hold will be placed on the student's academic record. The hold will prevent registration, disbursement of financial aid, release of transcripts, graduation, and distribution of diplomas. Information and applicants are available through the Office of Admissions and Student Affairs.

All outstanding loans must be repaid prior to graduation. If loans are not repaid, the student will not be eligible for graduation or verification by the Office of Admissions and Student Affairs. Verification is required for residency programs and state medical licensure.