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School of Medicine

New FINANCIAL AID NEWS
for
Medical Students

HOW TO GET YOUR MONEY ON TIME

In order for your loan funds to credit, you must have completed all the steps on the financial aid checklist, including but not limited to

• Accept your award at Gibson Online
• Complete your Entrance Counseling (Stafford AND Grad PLUS) at the Dept. of Education web site
• Complete your Master Promissory Notes (Stafford and Grad PLUS) at the Dept. of Education web site
• Apply for your Federal Graduate PLUS loan (authorize a credit check) at the Dept. of Education web site
  
  

REFUND DISBURSEMENT VIA DIRECT DEPOSIT 

Direct Deposit is the fastest way to receive your financial aid living expense refund. In order to receive a Direct Deposit refund, you must go to the Accounts Receivable web site and input your bank account information into NetPay. If you have questions about this Accounts Receivable process, please call Accounts Receivable at 504-865-5368.

When you are notified that you have a credit balance in Accounts Receivable, you need to go to Accounts Receivable's web site and request a refund on their NetPay system.

NATIONAL HEALTH SERVICE CORPS LOAN REPAYMENT NEWS

The National Health Service Corps offers primary care medical, dental and mental health clinicians up to $60,000 to repay student loans in exchange for two years of service at health care facilities in medically underserved areas. Learn more at the Department of Health and Human Services web site.

INCOMING AND CONTINUING STUDENTS 2013-2014 APPLICATION DEADLINES

INCOMING STUDENTS: The financial aid process cannot begin before January 2013.  Beginning in January and early February 2013, you are encouraged to have your 2012 tax return completed as soon as possible.  Then, in late February or early March 2013, you should complete your 2013-14 FAFSA and your 2013-14 School of Medicine Financial Aid Addendum, but in order to receive an offer of aid prior to May 1, 2013, it is recommended that you have them completed prior to March 15, 2013.  We continue to process admitted student aid throughout the year, so applications received after March 15, 2013 will be processed.  Keep in mind that we cannot make an offer of aid until after the School of Medicine has made an offer of admission to you. 

CONTINUING STUDENTS:  You are encouraged to have your 2013-14 FAFSA and your 2013-14 School of Medicine Financial Aid Addendum completed by MARCH 30, 2013.  MD/MPH students planning on attending the summer session especially need to have their FAFSA's completed in March.

View My Financial Aid Online

You may view financial aid information at Gibson Online.

For an example of site navigation, click here.

For directions on accepting an award, click here.

Entrance Interview

Per federal regulations, all first time William D. Ford Federal Direct Unsubsidized Loan borrowers and all first time Federal Direct Graduate PLUS loan borrowers must complete an Entrance Interview which acknowledges the borrower's rights and responsibilities under the Federal Direct Loan program. The entrance interview requirement must be completed on line at the Department of Education web site.

Financial Aid Orientation (08/09/2012)

All first year medical students who are receiving aid were invited to attend The Financial Aid Orientation on August 9, 2012.  Attendance is mandatory.  Information that was provided to the School of Medicine's Class of 2016 is available in a Powerpoint Presentation. 

FOURTH-YEAR STUDENTS ONLY

Residency and Relocation Loans are NON EDUCATIONAL CONSUMER LOANS that are available directly from your respective lenders to provide you with additional funds to travel for interviews, as well as provide funds for you to move after graduation. Since these loans are not educational student loans, University Financial Aid does NOT have a role in the processing of this loan. You apply directly to your lender and the funds are sent directly to you.