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Financial Aid

MD/MS PROGRAMS FINANCIAL AID INFORMATION

A growing number of MD students are enrolling in our MD/Master's programs. We encourage all students who consider applying to or enrolling in these programs to come talk with the Financial Aid office for counseling and planning.

Financial planning is required because the federal government has legislated different annual and aggregate borrowing limits for the Direct/Stafford loan program based on a student’s academic program. These annual and aggregate loan limits cannot be changed and will affect your borrowing capability. The Direct Plus loan is available to support additional funding for the academic program if you have received your limit.

You can determine your Direct/Stafford loan eligibility by reviewing the chart below:

PROGRAM

ANNUAL

LIMIT

SEMESTER

LIMIT

AGGREGATE

LIMIT*

MBE

$20,500

$10,250

$138,500

MTR

$20,500

$10,250

$138,500

MSCE

$20,500

$10,250

$138,500

MBA  (Health Care Administrators only)

$33,000

$16,500

$138,500

MPH

$33,000

$16,500

$224,000

MD

up to $47,167

$20,250

$224,000

*Aggregate limits are cumulative and include any undergraduate, graduate and medical school loans borrowed in the Direct/Stafford loan program.

For any semester when a student is paying tuition and is enrolled in a Master’s program, the program limits above apply.   Students paying MD tuition are eligible for MD loan limits and PSOM financial aid packages.

Please contact our office with any questions, concerns, or if you need financial planning.

LEAVE OF ABSENCE/TIME-OUT STUDY/MD MASTERS

  1. PSOM awards (scholarship and loans) are only applied to MD tuition paying semesters.
  2. Students on a time-out study do not pay tuition and therefore are not eligible for PSOM scholarships/loans.
    • During this time you remain a registered full-time student and you have a reduced budget consisting of fees, health insurance and living expenses. Direct loans are available to assist.
    • Loans are still eligible for deferment.
  3. Students considering combined MD/MS degrees should review the program website for curriculum detail and then stop by to discuss financial planning.
  4. If pursuing a degree at another institution you are on a leave of absence from Penn. Therefore your financial aid will be processed by the school in which you are enrolled.
  5. During a leave of absence a student is not enrolled and is ineligible for financial aid.
    • Loans will enter grace period.

 

 

Page Updated: 17-Dec-2012