The School of Medicine is committed to providing as much scholarship aid as possible to students in need. Most School of Medicine scholarship funds come from income generated by the school’s endowment. Students may also receive scholarships specifically defined to cover their education costs, such as the MD/PhD program, an Armed Forces Scholarship, the National Health Service Corps Scholarship or the Jack Kent Cooke Scholarship. Such scholarships increase the student's available resources, which in turn decreases the student's need.
Scholarships from other outside sources will reduce first the parent contribution and then the loan obligations in the financial aid package, starting with the loan with the least favorable terms. Only after all loan obligations have been eliminated, will the outside scholarship affect the Yale scholarship award.
Students are always looking for funds that will replace the loans portion of their financial aid packages. The web has many sources of information about scholarship funds. Do a search using the key words “graduate and professional scholarship financial aid funds.”
There are many types of loans used at the School of Medicine to help students fund their educations.
The Federal Direct Unsubsidized Loan Program and The Federal Direct Graduate Plus Loan. There are also private lender loans provided through a variety of lenders. Students may also qualify for Yale Loans.
For more detailed information regarding the various loan programs, please click this link.