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Scholarships & Loans

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.

Yale-Based Aid

Beginning in academic year 2023-2024, admitted MD students who qualify for need-based aid commit to a $10,000 annual student loan. Yale covers the remainder of your calculated need–including costs for room, board, and expenses–in the form of a scholarship, which does not have to be repaid. Over four years, this results in loan debt of $40,000, which is significantly lower than the national median of over $200,000.

Military & VA Benefits

External Scholarship Resources

Students may also receive scholarships specifically defined to cover their education costs, such as 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. External scholarships can be used to reduce or replace a student’s loans, or their expected family contribution (EFC). Need-based scholarship from Yale is only reduced once a student’s external funding exceeds the combined loans and EFC.

Loan Information

There are several loans used at YSM to help students fund their educations. Students may be offered federal loans such as the Federal Direct Unsubsidized and Direct Graduate Plus loans. Students may also qualify for Yale institutional loans, such as the Yale Alumni loan and Yale Graduate/Professional loan for International Students.

Yale School of Medicine Student Emergency Aid Fund

The Yale School of Medicine Student Emergency Aid Fund is designed to provide short-term financial assistance to students enrolled in the MD, MD/PhD, Physician Associate, and Physician Assistant Online programs who are struggling with unanticipated or emergency financial situations.

Unlike a loan, students are not expected to repay awards from the Student Emergency Aid Fund.