University of Vermont

Student Financial Services

Estimated 2016-2017 Medical Student Financial Aid Budgets

Click here to view the 2015-2016 Medical Student Financial Aid Budgets

2016-2017 Out of State Medical Student Financial Aid Budgets
Out of State Residents 1st Year 2nd Year 3rd Year 4th Year
Aid Year Length 42 weeks 37 weeks 49 weeks 41 weeks
Tuition $59,620 $59,620 $59,620 $59,620
Student Fees $2,828 $2,076 $2,076 $1,926
Average Loan Fees $1,560 $1,560 $1,560 $1,560
Books & Supplies $450 $90 $90 $90
Housing $8,064 $7,104 $9,408 $7,872
Meals $2,688 $2,330 $3,088 $2,584
Required Exam Fees $0 $600 $1,875 $0
Curriculum Related Travel $324 $324 $1,470 $1,600
Miscellaneous - Travel $2,860 $2,680 $3,316 $2,892
Miscellaneous - Other $2,436 $2,146 $2,842 $2,378
Total $80,830 $78,380 $85,345 $80,522
2016-2017 In-State Medical Student Financial Aid Budgets
Vermont Residents 1st Year 2nd Year 3rd Year 4th Year
Aid Year Length 42 weeks 37 weeks 49 weeks 41 weeks
Tuition $34,380 $34,380 $34,380 $34,380
Student Fees $2,828 $2,076 $2,076 $1,926
Average Loan Fees $670 $670 $670 $670
Books & Supplies $450 $90 $90 $90
Housing $8,064 $7,104 $9,408 $7,872
Meals $2,688 $2,330 $3,088 $2,584
Required Exam Fees $0 $600 $1,875 $0
Curriculum Related Travel $324 $324 $1,470 $1,600
Miscellaneous - Travel $2,242 $2,062 $2,698 $2,274
Miscellaneous - Other $2,436 $2,146 $2,842 $2,378
Total $54,082 $51,632 $58,597 $53,774

What you need to know about your financial aid budget:

Your financial aid budget is designed to assist with basic living expenses incurred during the financial aid year. It is not tailored to individual living expenses or choices. Students who sign 12-month leases and/or who do not live with a roommate should keep in mind that the aid budget is designed to cover less than 12 months and assumes that students will be sharing living expenses with a roommate or partner.

Health Insurance

If you are purchasing the UVM Student Health Insurance Plan, you may request an increase in your financial aid budget to assist with a portion of your UVM Student Health Insurance Plan premium costs. Your UVM Student Health Insurance Plan premium provides coverage for the entire year. We can increase your financial aid budget to assist with a percentage of the total premium cost based on the percentage of the year you are actually enrolled.

Exam Fees

Second and Third year amounts are based on registration fees for the USMLE Step 1 and Step 2 (CK) respectively. Fourth year is based on registration fee for USMLE Step 2 (CS).

Curriculum Related Travel

The financial aid budget provides a general allowance for curriculum related travel. Financial aid budgets are not adjusted for actual expenses. Allowances for mileage are based on Doctoring in Vermont for 1st and 2nd year students, clerkships for 3rd year students, and electives/rotations for 4th year students. 4th year amount also factors $500 for travel associated with USMLE Step 2 (CS).

Child Care

Students with dependent children may incur additional expenses beyond the limits of the financial aid budget, and may contact our office to discuss an increase to their financial aid budget for dependent care expenses.

Fourth Year: Expenses Associated with Residency and Relocation

Traveling for residency interviews and relocation to your residency site are common expenses for fourth year students. However, as these expenses are not required in order to complete your MD Program, they are not expenses that can be factored into your financial aid budget. If you have exercised all available fourth year federal and institutional aid and have additional expenses for interviews and relocation, you may need to obtain financing through a private residency/relocation loan.

Residency/Relocation loans are offered by many education loan lenders, however, these are essentially private, consumer loans with all terms negotiated directly between the student and lender. It is important to borrow only what you need and shop around for the most beneficial loan program. In researching residency/relocation loan options, many students begin by speaking with their existing education loan lenders. Student Financial Services cannot recommend specific residency/relocation loan programs.

2015-2016 Medical Student Financial Aid Budgets

2015-2016 Out of State Medical Student Financial Aid Budgets
Out of State Residents 1st Year 2nd Year 3rd Year 4th Year
Aid Year Length 42 weeks 37 weeks 49 weeks 41 weeks
Tuition $58,020 $58,020 $58,020 $58,020
Student Fees $2,756 $1,854 $1,854 $1,854
Average Loan Fees $1,480 $1,480 $1,480 $1,480
Books & Supplies $1,796 $446 $90 $90
Room $7,980 $7,030 $9,310 $7,790
Meals $2,646 $2,330 $3,088 $2,584
Required Exam Fees $0 $590 $590 $1,250
Curriculum Related Travel $346 $346 $1,618 $1,754
Miscellaneous - Travel $2,944 $2,680 $3,316 $2,892
Miscellaneous - Other $2,352 $2,072 $2,744 $2,296
Total $80,320 $76,848 $82,110 $80,010
2015-2016 In-State Medical Student Financial Aid Budgets
Vermont Residents 1st Year 2nd Year 3rd Year 4th Year
Aid Year Length 42 weeks 37 weeks 49 weeks 41 weeks
Tuition $33,460 $33,460 $33,460 $33,460
Student Fees $2,756 $1,854 $1,854 $1,854
Average Loan Fees $536 $536 $536 $536
Books & Supplies $1,796 $446 $90 $90
Room $7,980 $7,030 $9,310 $7,790
Meals $2,646 $2,330 $3,088 $2,584
Required Exam Fees $0 $590 $590 $1,250
Curriculum Related Travel $346 $346 $1,618 $1,754
Miscellaneous - Travel $2,326 $2,062 $2,698 $2,274
Miscellaneous - Other $2,352 $2,072 $2,744 $2,296
Total $54,198 $50,726 $55,988 $53,888

Last modified May 17 2016 01:23 PM

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