graduate student Financial Aid INFORMATION


protalicon

 

2017-2018 Required Forms for graduate students

Important Information

Loan Application Links

Direct Loan Information

  • EMPN
  • Entrance Counseling

Financial Aid Portal (Net Partner)
*Password Required

Financial Aid office


Medical College of Wisconsin
8701 Watertown Plank Rd
Milwaukee, WI 53226


  • (414) 955-8208 (phone)
  • (414) 955-0119 (fax)
  • finaid@mcw.edu
  • Hours: 8 a.m. - 5 p.m., Monday through Friday
  • Summer Hours: 8 a.m. - 4:30 p.m., Monday through Friday

If you require a paper copy of any financial aid documents, we will provide one upon request.

Tuition and Fees Information

If you have questions regarding tuition or your account, please contact the Office of Student Accounts, at (414) 955-8172 or mcwtuition@mcw.edu.

Graduate Student Information

The majority of students enrolled in the Graduate School of Biomedical Sciences as a degree candidate have scholarships and stipends available to them that are awarded by the individual degree-granting programs or by the Graduate School.  Based on the student expense budget, graduate students receiving the scholarship and stipend are not typically eligible for other types of financial aid.

If you're a graduate student enrolled as a degree seeking student in a Master of Science, Master of Arts or Master of Public Health program on at least a half time basis, you are eligible to apply for financial assistance which includes the Federal Student Loan Programs (see the Graduate Student Loan Information section below).  Non degree seeking students or students enrolled in Certificate programs are not eligible for federal financial aid.  Application materials must be completed on a yearly basis.  Please refer to the application materials. You can use estimated information when filling out your forms (see the Graduate Student Forms section below). Financial aid applications are evaluated on the basis of income, assets, family size and other relevant information for the student/spouse.  To be eligible for any financial assistance you must be a U.S. Citizen or an eligible non-citizen.

Graduate Student Budget Chart 2017-2018Grad Student Budget Chart 2016-2017

ADDITIONAL Graduate Student Forms


If you wish to receive financial aid at the Medical College of Wisconsin, you must complete and submit the following forms. Unless otherwise instructed, return all application materials to the Financial Aid Office at the Medical College of Wisconsin. The notable exception is the Free Application for Federal Student Aid. You will file this form on line using your Pin # as your signature. Paper copies of all forms listed can be obtained in the Financial Aid Office.

Free Application for Federal Student Aid (FAFSA), electronic or Paper
This form is used to calculate your expected contribution and provide demographic and financial information. You can use estimated information when filling out this form. Financial aid applications are evaluated on the basis of income, assets, family size and other relevant information for you (and spouse, if applicable). This form is available on the FAFSA website. Our school code is 015611. We recommend that your FAFSA be submitted to the Central Processor by June 15, 2017 for fall term and November 1, 2017 for spring term. Electronic transmission will be accepted beginning October 1, 2016.


Graduate Student Loan Information


On August 9th, 2013 the Bipartisan Student Certainty Act of 2013 was signed into law. Under this Act, interest rates will be determined each June for new loans being made for the upcoming award year, which runs from July 1 to the following June 30. Each loan will have a fixed interest rate for the life of the loan.

The interest rate is now determined by using a rate equal to the high yield of the 10-year Treasury Note auctioned at the final auction held prior to June 1st plus 3.6% for the Federal Direct Unsubsidized Stafford loan and plus 4.6% for the Federal Direct Grad Plus loan.

Federal Direct Unsubsidized Loan Program

The Federal Direct Unsubsidized Loan is a non-need-based loan obtained through the U.S. Department of Education. The maximum amount per year is $20,500 for graduate students. Master of Public Health students may borrow up to $35,778 annually if enrolled for fall, spring and summer.  The lifetime aggregate maximum for the Federal Direct Unsubsidized Loan is $138,500 for all graduate students except those in the Master of Public Health program where it is $224,000. There is no interest subsidy on this loan and repayment will begin 6 months after you are no longer enrolled in school on at least a half time basis. Please see the chart below for interest rates and loan fees that will be paid to the U. S. Department of Education by way of fees deducted from your check before it is disbursed.

Federal Direct Graduate PLUS Loan

You can borrow up to the total cost of attendance at MCW minus any other financial aid you receive. There is no interest subsidy on this loan and repayment will begin 6 months after you are no longer enrolled in school on at least a half time basis. Please see the chart below for interest rates and loan fees that will be paid to the U. S. Department of Education by way of fees deducted from your check before it is disbursed.

Interest rates effective on or after July 1st, 2017, loan fees effective October 1st, 2016:

UNSUBSIDIZED STAFFORD

2017-2018 ACADEMIC YEAR

Interest Rate

6.0% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2017-2018 ACADEMIC YEAR

Interest Rate

7.0% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

Page Updated 11/07/2017