Financial sources provided by the university include  A limited number of merit and need-based scholarships are available to incoming students.Both merit scholarships and need-based scholarships are awarded starting the spring prior to matriculation. Merit scholarships are awarded to the most academically qualified students. Need-based scholarships are awarded to accepted students with extreme financial need. Most awards are renewable for all four years as long as students maintain good academic standing.

A government guaranteed loan program is the most widely used financial aid resource for medical students. Students must complete the FAFSA each year of medical school for eligibility determination. Once Temple receives the FAFSA information, starting in the spring, accepted students will be awarded the Direct Unsubsidized Loan.

The GradPLUS loan supplements the Direct Unsubsidized Loan to cover tuition, fees and living expenses. This loan is subject to credit approval.

The National Health Service Corp (NHSC) and Health Professions Scholarship Program (military scholarships) are service-based programs. They provide coverage for tuition and fees, other educational costs, and provides a living stipend in exchange for years of service after graduation/residency training.

There are thousands of awards available from community, religious, business,and national organizations. Some of the best scholarship websites are www.fastweb.com, www.collegeanswer.com and www.collegexpress.com.

Private alternative loans are managed through private lenders, issued in the student’s name, and may require a credit-worthy cosigner. Many lenders have health profession specific loans. Eligibility, rates, terms and conditions vary by lender.

The AAMC FIRST program has a number of resources dedicated to helping you plan for your financial future. The goal of FIRST is to help medical student borrowers expand their financial literacy, make smart decisions about student loans and manage their debt wisely.