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Medical College of Wisconsin

financial aid

financial aid & tuition information for new and current students

The philosophy of the Financial Aid Office is to assist every student who seeks financial aid procure the necessary resources to fulfill their career aspirations as well as become a valuable asset to society. In addition, we educate and counsel the students on the terms and conditions of the various loan programs, offer debt management strategies and presentations so that the students will know how to successfully manage their debt after graduation and provide valuable guidance on how to live within a budget, reduce consumer debt, streamline the financial aid process and encourage the students to contact our office if they experience problems or concerns with their loans beyond graduation.

FINANCIAL AID & TUITION INFORMATION BY CAMPUS LOCATION OR PROGRAM

  • MKE Medical
  • Graduate
  • GB
  • CW
  • Pharmacy
  • Residents/Alums
  • MSA

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 & FEES

How Much Does it Cost? (PDF)


Tuition and Fees Information

If you have questions regarding tuition or your account, please contact Jean Sunby, Student Accounts Office, at (414) 955-8233.

ADDITIONAL Forms


Additional Forms or Information:

DOCUMENTATION OF ANY ADDITIONAL EXPENSES

This is defined as expenses, other than allotted school costs, you may incur during the school year.  Acceptable expenses include costs related to childcare (PDF), car repairs or medical expenses that go beyond the budget amount (moving expenses and security deposits are not allowed). Please refer to "What Financial Aid Can and Cannot Cover" (PDF) for further information.

CONSENT FOR RELEASE OF INFORMATION

If you want any financial aid information to be disclosed to any other person (i.e. parent, spouse, landlord etc.), you will be required to fill out a Consent For Release of Information Form. Please contact our office for this form.


VERIFICATION FORM

If selected for verification by the U.S. Department of Education, you must complete the verification form that will be sent to you and return it to the MCW Financial Aid Office.


THESE ADDITIONAL FORMS ARE REQUIRED IF YOU ARE A NEW MEDICAL STUDENT

COPY OF RESIDENT ALIEN VERIFICATION CARD (GREEN CARD) – Please bring your green card to the Financial Aid Office and we will photocopy the card for you. If you become a naturalized citizen while in school, please provide our office with a copy of your papers.

CREDIT REPORT

A clean copy of your credit report must be submitted to the Financial Aid Office by the deadline date provided with your acceptance letter. You can request your credit report at www.annualcreditreport.com. Enter the state you reside in and you will be informed whether you are eligible to receive a free credit report.

NO CREDIT HISTORY FORM

This form (PDF) is required only if you do not have a credit history.

 

Economically Disadvantaged

Definition of "Economically Disadvantaged" - (Question on Page 3 of the Institutional Aid/Private Educational Loan Application) is someone who comes from a family with an annual income below a level which is based on low-income thresholds according to family size published by the U.S. Bureau of the Census, adjusted annually for changes in the Consumer Price Index. The following income levels determine what constitutes a low-income family for determining economically disadvantaged students:

2016 Poverty Guidelines of the 48 contiguous states and the District of Columbia

Family Size (includes parents and dependents) 

Income Level 

$23,760

$32,040

$40,320

$48,600

$56,880

$65,160

7

$73,460

8

$81,780

 

Costs

mcw-milwaukee

Downloadable 2017-2018 Costs Document (PDF)

Loan Information


Direct Loan Information

  • EMPN
  • Entrance Counseling

Current Interest Rates

Loans

On August 9, 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.

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  Federal Direct Unsubsidized Loan Program

The Federal Direct Unsubsidized Loan is awarded to students who demonstrate financial need, as based on Federal Methodology calculations. Qualified students can borrow up to an annual maximum, determined by how many months are in their school year. Students on a ten month school year can borrow up to $42,722 annually from the Federal Direct Unsubsidized Loan.  Students on an eleven month school year can borrow up to $44,944 annually from the Federal Direct Unsubsidized Loan.  Students on a twelve month school year can borrow up to $47,167 annually from the Federal Direct Unsubsidized Loan. The aggregate maximum is $224,000. There is no interest subsidy under the Unsubsidized Stafford Loan program 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.  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 1, 2016, loan fees effective October 1, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 

  Institutional Aid Loans

These funds have been donated to or solicited by the Medical College of Wisconsin for support of financially needy medical students. These loans are interest free while enrolled, during grace and through periods of deferment (such as residency). Interest rates vary but generally range from 3%-9% and are fixed for the life of the loan based on the year you borrow the money.

  Wisconsin Medical Society Loan

The Wisconsin Medical Society Student Loan program is available to rising M-2, M-3 and M-4 medical students who are Wisconsin residents.& The loan is for $5,000 per year with a maximum of $15,000. Wisconsin Medical Society Loans disbursed during the 2016-2017 school year have a fixed interest rate of 5.84%. These loans are given out to the students with the most need, on a first come first serve basis. Students must submit a new application every year and must submit a biographical statement the first time they apply. Applications can be picked up in the Financial Aid Office starting in January of each year.

  Private Educational Loan Programs

Private Educational loan programs have various interest rates, loan amounts, fees, etc. based on the lender. Usually interest rates are variable with no cap and the insurance fee is between 0% and 6%. Loan eligibility is determined by the Financial Aid Office. Specific loan information can be obtained by contacting the Financial Aid Office for an appointment.

  Emergency Loan

The Medical College of Wisconsin will grant Emergency Loans to full-time registered students during the academic year. The maximum amount that any student can borrow is $1,000, and the maximum amount that can be outstanding at any time under the Emergency Loan Program is $1,000. The maximum limit of $1,000 is available and may be granted to students twice during the academic year, once during each half of the year. If the student has applied for other loans through the Office of Student Financial Services, the Emergency Loan will come due as soon as these loan funds arrive, or after 90 days, whichever is first. If the student has not applied for other loan funds, the loan will come due after 90 days. The loans will be interest-free for the first 90 days, after which, interest will accrue at the rate of 12% per annum.

A student who becomes delinquent on an Emergency Loan will not receive evaluations and will not be able to register for the next academic term until the loan is paid. All outstanding Emergency Loans due the Medical College of Wisconsin must be paid before graduation for the diploma to be presented.

If a student needs to borrow an Emergency loan, the student needs to schedule an appointment with a counselor in the Office of Student Financial Services to discuss the reasons and the amount requested for an Emergency Loan.  During the appointment, the student will complete an Emergency Loan Promissory note and the Office of Student Financial Services will give the signed promissory note to the Office of Student Tuition and Loans so that funds can be deposited directly into the student’s bank account.

Scholarship Information


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  Wisconsin Medical Student Tuition Assistance

Each year, the College admits approximately one-half of its entering class from its Wisconsin applicant pool. All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Educational Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form (PDF). Mail the form and supporting documentation to HEAB at the address listed on the form. The state of Wisconsin will provide Wisconsin residents a credit of approximately $3,725 which will be applied toward tuition for the 2017-2018 academic year. (The Credit amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.)

  Medical College of Wisconsin Scholarships

The Medical College of Wisconsin offers a modest number of merit scholarships to incoming students. Recipients are selected by the Senior Associate Dean and will be notified of the award by that office. A limited number of scholarships are available to students based on financial need. These are awarded through the standard financial aid application process and no special application is required.  Applicants requesting to be considered for MCW scholarship funding must have their parents submit the Parental Verification Worksheet to the Financial Aid Office.

  Armed Forces Health Profession Scholarship Program

The ArmyNavy and Air Force offer programs that pay tuition, fees, health insurance premium, books and a monthly living allowance. For each year of scholarship you receive a year of military service is expected, for a minimum of three years.  Information on these programs can be obtained from a recruiting office near you.

   National Health Service Corps Scholarship

The National Health Service Corps is a competitive federal program offering the scholarship recipient tuition, fees, health insurance premium, books and a monthly stipend. In return for each year of award, scholarships recipients incur a one-year service obligation providing full-time clinic services at sites in federally designated Health Manpower Shortage Areas of the United States. Application deadline is usually late March for the following academic year. Further information can be found on their website.

  Wisconsin Medical Society Scholarships

The Wisconsin Medical Society is a private organization that offers scholarships to Wisconsin residents. Further scholarship descriptions and applications can be found on their website.

  Private Scholarships

The Financial Aid Office has information on money that is available from outside sources for MCW students. Look to our financial aid homepage for current information. The Financial Aid Page and College Answer are websites of reputable companies that will complete a scholarship search for you at no charge. Never pay anyone to search for scholarships for you.

Debt Management


Frequently Asked Questions


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  What is the cost for tuition?

The cost of tuition for the 2017-2018 school year is $52,725 for MCW Milwaukee Medical Students.  Wisconsin Student Tuition Assistance for Wisconsin residents estimated at $3,725 for the 2017-2018 school year. This amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year. 

  How do I become a Wisconsin resident?

The Higher Education Aids Board makes all decisions regarding becoming a Wisconsin resident. The residency determination form can be found below:


Wisconsin Residency

Each year, the College admits a significant number of its entering class from its Wisconsin applicant pool.  All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Education Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form. Mail the form and supporting documentation to HEAB at the address listed on the form.

  How is institutional aid awarded?

Institutional aid is divided among students with the greatest financial need, who make the deadline. Included in the financial need calculation is total debt (undergraduate and MCW debt) and total resources. The deadline for applying for institutional aid for the 2017-2018 school year for continuing students is March 9, 2017 and you must have a completed FAFSA including parental information, Financial Aid Application and Parental Assistance Worksheet in our office on or before that date. The Parental Assistance Worksheet must be completed and signed by your parents.  Institutional aid is awarded to the neediest students first.

  Who do I contact for questions about my bill?

You need to contact Jean Sunby in the Student Accounts Office. Her phone number is (414) 955-8233. Her email address is: sunby@mcw.edu.

  Who do I contact for an emergency loan?

Please call the Financial Aid Office to schedule an appointment at (414) 955-8208.

  Do I need to complete the Stafford and Grad Plus entrance interview?

All students who want to borrow financial aid must complete both entrance interviews.

  How is my financial aid budget determined?

The Financial Aid Office is under Federal regulations when it comes to developing a student budget. We obtain budget information from surrounding colleges, check with the bookstore and faculty regarding required books and equipment as well as rent charged by landlords in the area. Every year we conduct a Financial Aid Budget Survey of the students and we review this information to determine if budget allowances need to be adjusted.

  How do I find out how much I have borrowed, including interest, since I have started at MCW?

To view your loans online, go to the National Student Loan Data System. You can also view your loan information on your servicers website. If you do not know who your servicer is, this information can be found on the National Student Loan Data System.

  I have borrowed my full eligibility in loans, but I still need more money. What options are available for me?

If you have extenuating financial circumstances, you need to bring this to the attention of the Financial Aid Office. You should also try to reduce yours costs and/or seek financial help from parents or relatives.

   When is my credit report due?

Your credit report due date will be May 1, 2017. We recommend ordering your credit report as soon as you have interviewed.

   Where can I get a loan deferment form to defer my loans?

You must get a deferment form from the holder of your loans. Most servicers have the form available to download from their website. The Office of the Registrar at the Medical College of Wisconsin will complete the form and send it to the holder of your loan.

  My parents are not sure if they will be claiming me on their taxes, is there anything I need to do regarding their information for the Financial Aid Office?

At this level, you are considered an independent student, regardless of whether your parents claim you as a dependent for tax purposes. If your parents will be contributing any money towards your tuition or living expenses, you are required to report that amount to us on the Financial Aid Application.  If you wish to be considered for institutional aid, you will need your parents to complete and sign the Parental Assistance Worksheet and include parent's information on the FAFSA.

   When can I expect my money for living expenses?

Funds for living expenses will be delivered via direct deposit.  Please make sure you have entered your bank information on the student portal.

Actual disbursement dates will vary depending on your bank.  Listed below are the earliest potential dates your funds could arrive: Fall disbursement: early July for MCW Milwaukee M-3 and M-4 students, first week of classes for MCW Milwaukee M-1 and M-2 students. MCW Green Bay and MCW Central Wisconsin Students will receive funds in early July.

Spring Disbursement: first week of January for MCW Milwaukee M-1 and M-3 students.  MCW Milwaukee M-2 students will receive their funds the week of January 23, 2017.  MCW Milwaukee M-4 students will receive their second disbursement the week of December 1, 2016.  MCW Green Bay and MCW Central Wisconsin students will receive their second disbursements during the first week of January.

In order to receive the full amount of money you are eligible to receive, you must have accepted your initial offering via Net Partner and, if you are requesting more than $20,000 in Stafford Loan funds, you must schedule and attend an appointment with a financial aid counselor.

In order for incoming students to receive funds during the first week of classes, you must have completed your master promissory note and Stafford, Perkins and Grad PLUS entrance interviews.

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 Jean Sunby, Student Receivables, at (414) 955-8233.

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 awarded to students who demonstrate financial need, as based on Federal Methodology calculations.  Qualified students can borrow up to $20,500 annual maximum.  The aggregate maximum is $138,500. 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, 2016, loan fees effective October 1st, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 

GREEN BAY CAMPUS Financial Aid INFORMATION

Forms Needed to Apply


Financial Aid Portal NetPartner

 

2017-2018 Required Forms for medical students

What's New

Important Information

Important Dates-medical students

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 & FEES

How Much Does it Cost? (PDF)


Tuition and Fees Information

If you have questions regarding tuition or your account, please contact Jean Sunby, Student Accounts Office, at (414) 955-8233.

ADDITIONAL Forms


Additional Forms or Information:

DOCUMENTATION OF ANY ADDITIONAL EXPENSES

This is defined as expenses, other than allotted school costs, you may incur during the school year. Acceptable expenses include costs related to childcare (PDF), car repairs or medical expenses that go beyond the budget amount (moving expenses and security deposits are not allowed). Please refer to "What Financial Aid Can and Cannot Cover" (PDF) for further information.

CONSENT FOR RELEASE OF INFORMATION

If you want any financial aid information to be disclosed to any other person (i.e. parent, spouse, landlord etc.), you will be required to fill out a Consent For Release of Information Form. Please contact our office for this form.


VERIFICATION FORM

If selected for verification by the U.S. Department of Education you must complete the verification form that will be sent to you and return it to the Financial Aid Office at the Medical College of Wisconsin.


THESE ADDITIONAL FORMS ARE REQUIRED IF YOU ARE A NEW MEDICAL STUDENT

COPY OF RESIDENT ALIEN VERIFICATION CARD (GREEN CARD) – Please bring your green card to the Financial Aid Office and we will photocopy the card for you. If you become a naturalized citizen while in school, please provide our office with a copy of your papers.

CREDIT REPORT

A clean copy of your credit report must be submitted to the Financial Aid Office by the deadline date provided with your acceptance letter. You can request your credit report at www.annualcreditreport.com. Enter the state you reside in and you will be informed whether you are eligible to receive a free credit report.

NO CREDIT HISTORY FORM

This form (PDF) is required only if you do not have a credit history.

Economically Disadvantaged

Definition of "Economically Disadvantaged" - (Question on Page 3 of the Institutional Aid/Private Educational Loan Application) is someone who comes from a family with an annual income below a level which is based on low-income thresholds according to family size published by the U.S. Bureau of the Census, adjusted annually for changes in the Consumer Price Index. The following income levels determine what constitutes a low-income family for determining economically disadvantaged students:

2016 Poverty Guidelines of the 48 contiguous states and the District of Columbia

Family Size (includes parents and dependents) 

Income Level 

$23,760

$32,040

$40,320

$48,600

$56,880

$65,160

7

$73,460

8

$81,780

 

Costs

mcw-green bay

Downloadable 2017-2018 Costs Document (PDF)

 

Loan Information


Direct Loan Information

  • EMPN
  • Entrance Counseling

Current Interest Rates

Loans

On August 9, 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.

Open AllClose All
  Federal Direct Unsubsidized Loan Program

The Federal Direct Unsubsidized Loan is awarded to students who demonstrate financial need, as based on Federal Methodology calculations. Qualified students can borrow up to an annual maximum, determined by how many months are in their school year. Students on a ten month school year can borrow up to $42,722 annually from the Federal Direct Unsubsidized Loan.  Students on an eleven month school year can borrow up to $44,944 annually from the Federal Direct Unsubsidized Loan.  Students on a twelve month school year can borrow up to $47,167 annually from the Federal Direct Unsubsidized Loan. The aggregate maximum is $224,000. There is no interest subsidy under the Unsubsidized Stafford Loan program 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.  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 1, 2016, loan fees effective October 1, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 

  Institutional Aid Loans

These funds have been donated to or solicited by the Medical College of Wisconsin for support of financially needy medical students. These loans are interest free while enrolled, during grace and through periods of deferment (such as residency). Interest rates vary but generally range from 3%-9% and are fixed for the life of the loan based on the year you borrow the money.

  Wisconsin Medical Society Loan

The Wisconsin Medical Society Student Loan program is available to rising M-2, M-3 and M-4 medical students who are Wisconsin residents.& The loan is for $5,000 per year with a maximum of $15,000. Wisconsin Medical Society Loans disbursed during the 2016-2017 school year have a fixed interest rate of 5.84%. These loans are given out to the students with the most need, on a first come first serve basis. Students must submit a new application every year and must submit a biographical statement the first time they apply. Applications can be picked up in the Financial Aid Office starting in January of each year.

  Private Educational Loan Programs

Private Educational loan programs have various interest rates, loan amounts, fees, etc. based on the lender. Usually interest rates are variable with no cap and the insurance fee is between 0% and 6%. Loan eligibility is determined by the Financial Aid Office. Specific loan information can be obtained by contacting the Financial Aid Office for an appointment.

  Emergency Loan

The Medical College of Wisconsin will grant Emergency Loans to full-time registered students during the academic year. The maximum amount that any student can borrow is $1,000, and the maximum amount that can be outstanding at any time under the Emergency Loan Program is $1,000. The maximum limit of $1,000 is available and may be granted to students twice during the academic year, once during each half of the year. If the student has applied for other loans through the Office of Student Financial Services, the Emergency Loan will come due as soon as these loan funds arrive, or after 90 days, whichever is first. If the student has not applied for other loan funds, the loan will come due after 90 days. The loans will be interest-free for the first 90 days, after which, interest will accrue at the rate of 12% per annum.

A student who becomes delinquent on an Emergency Loan will not receive evaluations and will not be able to register for the next academic term until the loan is paid. All outstanding Emergency Loans due the Medical College of Wisconsin must be paid before graduation for the diploma to be presented.

If a student needs to borrow an Emergency loan, the student needs to schedule an appointment with a counselor in the Office of Student Financial Services to discuss the reasons and the amount requested for an Emergency Loan.  During the appointment, the student will complete an Emergency Loan Promissory note and the Office of Student Financial Services will give the signed promissory note to the Office of Student Tuition and Loans so that funds can be deposited directly into the student’s bank account.

Scholarship Information


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  Wisconsin Medical Student Tuition Assistance

Each year, the College admits approximately one-half of its entering class from its Wisconsin applicant pool. All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Educational Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form (PDF). Mail the form and supporting documentation to HEAB at the address listed on the form. The state of Wisconsin will provide Wisconsin residents a credit of approximately $3,725 which will be applied toward tuition for the 2017-2018 academic year. (The Credit amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.)

  Medical College of Wisconsin Scholarships

The Medical College of Wisconsin offers a modest number of merit scholarships to incoming students. Recipients are selected by the Senior Associate Dean and will be notified of the award by that office. A limited number of scholarships are available to students based on financial need. These are awarded through the standard financial aid application process and no special application is required.  Applicants requesting to be considered for MCW scholarship funding must have their parents submit the Parental Verification Worksheet to the Financial Aid Office.

  Armed Forces Health Profession Scholarship Program

The ArmyNavy and Air Force offer programs that pay tuition, fees, health insurance premium, books and a monthly living allowance. For each year of scholarship you receive a year of military service is expected, for a minimum of three years.  Information on these programs can be obtained from a recruiting office near you.

   National Health Service Corps Scholarship

The National Health Service Corps is a competitive federal program offering the scholarship recipient tuition, fees, health insurance premium, books and a monthly stipend. In return for each year of award, scholarships recipients incur a one-year service obligation providing full-time clinic services at sites in federally designated Health Manpower Shortage Areas of the United States. Application deadline is usually late March for the following academic year. Further information can be found on their website.

  Wisconsin Medical Society Scholarships

The Wisconsin Medical Society is a private organization that offers scholarships to Wisconsin residents. Further scholarship descriptions and applications can be found on their website.

  Private Scholarships

The Financial Aid Office has information on money that is available from outside sources for MCW students. Look to our financial aid homepage for current information. The Financial Aid Page and College Answer are websites of reputable companies that will complete a scholarship search for you at no charge. Never pay anyone to search for scholarships for you.

Debt Management


Frequently Asked Questions


Open AllClose All
  What is the cost for tuition?

The cost of tuition for the 2017-2018 school year is $52,725 for MCW Milwaukee Medical Students.  Wisconsin Student Tuition Assistance for Wisconsin residents estimated at $3,725 for the 2017-2018 school year.  This amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year. 

  How do I become a Wisconsin resident?

The Higher Education Aids Board makes all decisions regarding becoming a Wisconsin resident. The residency determination form can be found below:


Wisconsin Residency

Each year, the College admits a significant number of its entering class from its Wisconsin applicant pool.  All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Education Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form. Mail the form and supporting documentation to HEAB at the address listed on the form.

  How is institutional aid awarded?

Institutional aid is divided among students with the greatest financial need, who make the deadline. Included in the financial need calculation is total debt (undergraduate and MCW debt) and total resources. The deadline for applying for institutional aid for the 2017-2018 school year for continuing students is March 9, 2017 and you must have a completed FAFSA including parental information, Financial Aid Application and Parental Assistance Worksheet in our office on or before that date. The Parental Assistance Worksheet must be completed and signed by your parents.  Institutional aid is awarded to the neediest students first.

  Who do I contact for questions about my bill?

You need to contact Jean Sunby in the Student Accounts Office. Her phone number is (414) 955-8233. Her email address is: sunby@mcw.edu.

  Who do I contact for an emergency loan?

Please call the Financial Aid Office to schedule an appointment at (414) 955-8208.

  Do I need to complete the Stafford and Grad Plus entrance interview?

All students who want to borrow financial aid must complete both entrance interviews.

  How is my financial aid budget determined?

The Financial Aid Office is under Federal regulations when it comes to developing a student budget. We obtain budget information from surrounding colleges, check with the bookstore and faculty regarding required books and equipment as well as rent charged by landlords in the area. Every year we conduct a Financial Aid Budget Survey of the students and we review this information to determine if budget allowances need to be adjusted.

  How do I find out how much I have borrowed, including interest, since I have started at MCW?

To view your loans online, go to the National Student Loan Data System. You can also view your loan information on your servicers website. If you do not know who your servicer is, this information can be found on the National Student Loan Data System.

  I have borrowed my full eligibility in loans, but I still need more money. What options are available for me?

If you have extenuating financial circumstances, you need to bring this to the attention of the Financial Aid Office. You should also try to reduce yours costs and/or seek financial help from parents or relatives.

   When is my credit report due?

Your credit report due date will be May 1, 2017. We recommend ordering your credit report as soon as you have interviewed.

   Where can I get a loan deferment form to defer my loans?

You must get a deferment form from the holder of your loans. Most servicers have the form available to download from their website. The Office of the Registrar at the Medical College of Wisconsin will complete the form and send it to the holder of your loan.

  My parents are not sure if they will be claiming me on their taxes, is there anything I need to do regarding their information for the Financial Aid Office?

At this level, you are considered an independent student, regardless of whether your parents claim you as a dependent for tax purposes. If your parents will be contributing any money towards your tuition or living expenses, you are required to report that amount to us on the Financial Aid Application.  If you wish to be considered for institutional aid, you will need your parents to complete and sign the Parental Assistance Worksheet and include parent's information on the FAFSA.

   When can I expect my money for living expenses?

Funds for living expenses will be delivered via direct deposit. Please make sure you have entered your bank information on the student portal.

Actual disbursement dates will vary depending on your bank. Listed below are the earliest potential dates your funds could arrive: Fall disbursement: early July for MCW Milwaukee M-3 and M-4 students, first week of classes for MCW Milwaukee M-1 and M-2 students. MCW Green Bay and MCW Central Wisconsin Students will receive funds in early July.

Spring Disbursement: first week of January for MCW Milwaukee M-1 and M-3 students. MCW Milwaukee M-2 students will receive their funds the week of January 23, 2017. MCW Milwaukee M-4 students will receive their second disbursement the week of December 1, 2016. MCW Green Bay and MCW Central Wisconsin students will receive their second disbursements during the first week of January.

In order to receive the full amount of money you are eligible to receive, you must have accepted your initial offering via Net Partner and, if you are requesting more than $20,000 in Stafford Loan funds, you must schedule and attend an appointment with a financial aid counselor.

In order for incoming students to receive funds during the first week of classes, you must have completed your master promissory note and Stafford, Perkins and Grad PLUS entrance interviews.

CENTRAL WISCONSIN Financial Aid INFORMATION

Forms Needed to Apply


Financial Aid Portal NetPartner

 

2017-2018 Required Forms for medical students

What's New

Important Information

Important Dates-medical students

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 & FEES

How Much Does it Cost? (PDF)


Tuition and Fees Information

If you have questions regarding tuition or your account, please contact Jean Sunby, Student Accounts Office, at (414) 955-8233.

ADDITIONAL Forms


Additional Forms or Information:

DOCUMENTATION OF ANY ADDITIONAL EXPENSES

This is defined as expenses, other than allotted school costs, you may incur during the school year.  Acceptable expenses include costs related to childcare (PDF), car repairs or medical expenses that go beyond the budget amount (moving expenses and security deposits are not allowed). Please refer to "What Financial Aid Can and Cannot Cover" (PDF) for further information.

CONSENT FOR RELEASE OF INFORMATION

If you want any financial aid information to be disclosed to any other person (i.e. parent, spouse, landlord etc.), you will be required to fill out a Consent For Release of Information Form. Please contact our office for this form.


VERIFICATION FORM

If selected for verification by the U.S. Department of Education you must complete the verification form that will be sent to you and return it to the Financial Aid Office at the Medical College of Wisconsin.


THESE ADDITIONAL FORMS ARE REQUIRED IF YOU ARE A NEW MEDICAL STUDENT

COPY OF RESIDENT ALIEN VERIFICATION CARD (GREEN CARD) – Please bring your green card to the Financial Aid Office and we will photocopy the card for you. If you become a naturalized citizen while in school, please provide our office with a copy of your papers.

CREDIT REPORT

A clean copy of your credit report must be submitted to the Financial Aid Office by the deadline date provided with your acceptance letter. You can request your credit report at www.annualcreditreport.com. Enter the state you reside in and you will be informed whether you are eligible to receive a free credit report.

NO CREDIT HISTORY FORM

This form (PDF) is required only if you do not have a credit history.

Economically Disadvantaged

Definition of "Economically Disadvantaged" - (Question on Page 3 of the Institutional Aid/Private Educational Loan Application) is someone who comes from a family with an annual income below a level which is based on low-income thresholds according to family size published by the U.S. Bureau of the Census, adjusted annually for changes in the Consumer Price Index. The following income levels determine what constitutes a low-income family for determining economically disadvantaged students:

2016 Poverty Guidelines of the 48 contiguous states and the District of Columbia

Family Size (includes parents and dependents) 

Income Level 

$23,760

$32,040

$40,320

$48,600

$56,880

$65,160

7

$73,460

8

$81,780

 

Costs

mcw-central wisconsin

 
Downloadable 2017-2018 Costs Document (PDF)

 

Loan Information


Direct Loan Information

  • EMPN
  • Entrance Counseling

Current Interest Rates

Loans

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.

Open AllClose All
  Federal Direct Unsubsidized Loan Program

The Federal Direct Unsubsidized Loan is awarded to students who demonstrate financial need, as based on Federal Methodology calculations. Qualified students can borrow up to an annual maximum, determined by how many months are in their school year. Students on a ten month school year can borrow up to $42,722 annually from the Federal Direct Unsubsidized Loan.  Students on an eleven month school year can borrow up to $44,944 annually from the Federal Direct Unsubsidized Loan.  Students on a twelve month school year can borrow up to $47,167 annually from the Federal Direct Unsubsidized Loan. The aggregate maximum is $224,000. There is no interest subsidy under the Unsubsidized Stafford Loan program 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.  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 1, 2016, loan fees effective October 1, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 

  Institutional Aid Loans

These funds have been donated to or solicited by the Medical College of Wisconsin for support of financially needy medical students. These loans are interest free while enrolled, during grace and through periods of deferment (such as residency). Interest rates vary but generally range from 3%-9% and are fixed for the life of the loan based on the year you borrow the money.

  Wisconsin Medical Society Loan

The Wisconsin Medical Society Student Loan program is available to rising M-2, M-3 and M-4 medical students who are Wisconsin residents.& The loan is for $5,000 per year with a maximum of $15,000. Wisconsin Medical Society Loans disbursed during the 2016-2017 school year have a fixed interest rate of 5.84%. These loans are given out to the students with the most need, on a first come first serve basis. Students must submit a new application every year and must submit a biographical statement the first time they apply. Applications can be picked up in the Financial Aid Office starting in January of each year.

  Private Educational Loan Programs

Private Educational loan programs have various interest rates, loan amounts, fees, etc. based on the lender. Usually interest rates are variable with no cap and the insurance fee is between 0% and 6%. Loan eligibility is determined by the Financial Aid Office. Specific loan information can be obtained by contacting the Financial Aid Office for an appointment.

  Emergency Loan

The Medical College of Wisconsin will grant Emergency Loans to full-time registered students during the academic year. The maximum amount that any student can borrow is $1,000, and the maximum amount that can be outstanding at any time under the Emergency Loan Program is $1,000. The maximum limit of $1,000 is available and may be granted to students twice during the academic year, once during each half of the year. If the student has applied for other loans through the Office of Student Financial Services, the Emergency Loan will come due as soon as these loan funds arrive, or after 90 days, whichever is first. If the student has not applied for other loan funds, the loan will come due after 90 days. The loans will be interest-free for the first 90 days, after which, interest will accrue at the rate of 12% per annum.

A student who becomes delinquent on an Emergency Loan will not receive evaluations and will not be able to register for the next academic term until the loan is paid. All outstanding Emergency Loans due the Medical College of Wisconsin must be paid before graduation for the diploma to be presented.

If a student needs to borrow an Emergency loan, the student needs to schedule an appointment with a counselor in the Office of Student Financial Services to discuss the reasons and the amount requested for an Emergency Loan.  During the appointment, the student will complete an Emergency Loan Promissory note and the Office of Student Financial Services will give the signed promissory note to the Office of Student Tuition and Loans so that funds can be deposited directly into the student’s bank account.

Scholarship Information


Open AllClose All
  Wisconsin Medical Student Tuition Assistance

Each year, the College admits approximately one-half of its entering class from its Wisconsin applicant pool. All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Educational Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form (PDF). Mail the form and supporting documentation to HEAB at the address listed on the form. The state of Wisconsin will provide Wisconsin residents a credit of approximately $3,725 which will be applied toward tuition for the 2017-2018 academic year. (The Credit amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.)

  Medical College of Wisconsin Scholarships

The Medical College of Wisconsin offers a modest number of merit scholarships to incoming students. Recipients are selected by the Senior Associate Dean and will be notified of the award by that office. A limited number of scholarships are available to students based on financial need. These are awarded through the standard financial aid application process and no special application is required.  Applicants requesting to be considered for MCW scholarship funding must have their parents submit the Parental Verification Worksheet to the Financial Aid Office.

  Armed Forces Health Profession Scholarship Program

The ArmyNavy and Air Force offer programs that pay tuition, fees, health insurance premium, books and a monthly living allowance. For each year of scholarship you receive a year of military service is expected, for a minimum of three years.  Information on these programs can be obtained from a recruiting office near you.

   National Health Service Corps Scholarship

The National Health Service Corps is a competitive federal program offering the scholarship recipient tuition, fees, health insurance premium, books and a monthly stipend. In return for each year of award, scholarships recipients incur a one-year service obligation providing full-time clinic services at sites in federally designated Health Manpower Shortage Areas of the United States. Application deadline is usually late March for the following academic year. Further information can be found on their website.

  Wisconsin Medical Society Scholarships

The Wisconsin Medical Society is a private organization that offers scholarships to Wisconsin residents. Further scholarship descriptions and applications can be found on their website.

  Private Scholarships

The Financial Aid Office has information on money that is available from outside sources for MCW students. Look to our financial aid homepage for current information. The Financial Aid Page and College Answer are websites of reputable companies that will complete a scholarship search for you at no charge. Never pay anyone to search for scholarships for you.

Debt Management


Frequently Asked Questions


Open AllClose All
  What is the cost for tuition?

The cost of tuition for the 2017-2018 school year is $52,725 for MCW Milwaukee Medical Students. Wisconsin Student Tuition Assistance for Wisconsin residents estimated at $3,725 for the 2017-2018 school year. This amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.

  How do I become a Wisconsin resident?

The Higher Education Aids Board makes all decisions regarding becoming a Wisconsin resident. The residency determination form can be found below:


Wisconsin Residency

Each year, the College admits a significant number of its entering class from its Wisconsin applicant pool.  All acceptances offered to applicants claiming to be Wisconsin residents will be contingent upon confirmation of their residency status by the Higher Education Aids Board (HEAB), located in Madison, WI.

To apply for Wisconsin residency for tuition purposes, you will need to complete the Wisconsin Residency Determination form. Mail the form and supporting documentation to HEAB at the address listed on the form.

  How is institutional aid awarded?

Institutional aid is divided among students with the greatest financial need, who make the deadline. Included in the financial need calculation is total debt (undergraduate and MCW debt) and total resources. The deadline for applying for institutional aid for the 2017-2018 school year for continuing students is March 9, 2017 and you must have a completed FAFSA including parental information, Financial Aid Application and Parental Assistance Worksheet in our office on or before that date. The Parental Assistance Worksheet must be completed and signed by your parents.  Institutional aid is awarded to the neediest students first.

  Who do I contact for questions about my bill?

You need to contact Jean Sunby in the Student Accounts Office. Her phone number is (414) 955-8233. Her email address is: sunby@mcw.edu.

  Who do I contact for an emergency loan?

Please call the Financial Aid Office to schedule an appointment at (414) 955-8208.

  Do I need to complete the Stafford and Grad Plus entrance interview?

All students who want to borrow financial aid must complete both entrance interviews.

  How is my financial aid budget determined?

The Financial Aid Office is under Federal regulations when it comes to developing a student budget. We obtain budget information from surrounding colleges, check with the bookstore and faculty regarding required books and equipment as well as rent charged by landlords in the area. Every year we conduct a Financial Aid Budget Survey of the students and we review this information to determine if budget allowances need to be adjusted.

  How do I find out how much I have borrowed, including interest, since I have started at MCW?

To view your loans online, go to the National Student Loan Data System. You can also view your loan information on your servicers website. If you do not know who your servicer is, this information can be found on the National Student Loan Data System.

  I have borrowed my full eligibility in loans, but I still need more money. What options are available for me?

If you have extenuating financial circumstances, you need to bring this to the attention of the Financial Aid Office. You should also try to reduce yours costs and/or seek financial help from parents or relatives.

   When is my credit report due?

Your credit report due date will be May 1, 2017. We recommend ordering your credit report as soon as you have interviewed.

   Where can I get a loan deferment form to defer my loans?

You must get a deferment form from the holder of your loans. Most servicers have the form available to download from their website. The Office of the Registrar at the Medical College of Wisconsin will complete the form and send it to the holder of your loan.

  My parents are not sure if they will be claiming me on their taxes, is there anything I need to do regarding their information for the Financial Aid Office?

At this level, you are considered an independent student, regardless of whether your parents claim you as a dependent for tax purposes. If your parents will be contributing any money towards your tuition or living expenses, you are required to report that amount to us on the Financial Aid Application.  If you wish to be considered for institutional aid, you will need your parents to complete and sign the Parental Assistance Worksheet and include parent's information on the FAFSA.

   When can I expect my money for living expenses?

Funds for living expenses will be delivered via direct deposit.  Please make sure you have entered your bank information on the student portal.

Actual disbursement dates will vary depending on your bank.  Listed below are the earliest potential dates your funds could arrive: Fall disbursement: early July for MCW Milwaukee M-3 and M-4 students, first week of classes for MCW Milwaukee M-1 and M-2 students. MCW Green Bay and MCW Central Wisconsin Students will receive funds in early July.

Spring Disbursement: first week of January for MCW Milwaukee M-1 and M-3 students.  MCW Milwaukee M-2 students will receive their funds the week of January 23, 2017.  MCW Milwaukee M-4 students will receive their second disbursement the week of December 1, 2016.  MCW Green Bay and MCW Central Wisconsin students will receive their second disbursements during the first week of January.

In order to receive the full amount of money you are eligible to receive, you must have accepted your initial offering via Net Partner and, if you are requesting more than $20,000 in Stafford Loan funds, you must schedule and attend an appointment with a financial aid counselor.

In order for incoming students to receive funds during the first week of classes, you must have completed your master promissory note and Stafford, Perkins and Grad PLUS entrance interviews.

Pharmacy School Financial Aid Information

FORMS NEEDED TO APPLY


protalicon

 

2017-2018 Required Forms for Pharmacy School Students

Important Information

Important Dates-Pharmacy Students

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 Jean Sunby, Student Receivables, at (414) 955-8233.

ADDITIONAL FORMS


CONSENT FOR RELEASE OF INFORMATION

If you want any financial aid information to be disclosed to any other person (i.e. parent, spouse, landlord etc.), you will be required to fill out a Consent For Release of Information Form. Please contact our office for this form.

Costs

Pharmacy School

Information coming soon - please check back at a later date.

 

Pharmacy School 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 awarded to students who demonstrate financial need, as based on Federal Methodology calculations.  Qualified students can borrow up to $20,500 annual maximum.  The aggregate maximum is $138,500. 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, 2016, loan fees effective October 1st, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 

Medical Residents/Alumni


This is a list of resources for medical residents and Medical College of Wisconsin alumni.  If you have questions, please feel free to call (414) 955-8208 or you can email us at finaid@mcw.edu

 Loan Forgiveness Options

Useful Calculators:

Deferment Forms:

Other Links:

Other Resources:

Assistance in Resolving Loan Disputes

  • OSFA Ombudsman or call 1 (877) 557-2575
  • GLHEC Ombudsman call 1 (608) 246-1485

 

 

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.

MASTER OF SCIENCE IN ANESTHESIA Financial Aid INFORMATION

FORMS NEEDED TO APPLY


protalicon

 

2017-2018 Required Forms for Master of Science in Anesthesia Students

Important Information

Important Dates-MSA students

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 Jean Sunby, Student Receivables, at (414) 955-8233.

ADDITIONAL FORMS


CONSENT FOR RELEASE OF INFORMATION

If you want any financial aid information to be disclosed to any other person (i.e. parent, spouse, landlord etc.), you will be required to fill out a Consent For Release of Information Form. Please contact our office for this form.

MSA 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 awarded to students who demonstrate financial need, as based on Federal Methodology calculations.  Qualified students can borrow up to $20,500 annual maximum.  The aggregate maximum is $138,500. 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, 2016, loan fees effective October 1st, 2016:

UNSUBSIDIZED STAFFORD

2016-2017 ACADEMIC YEAR

Interest Rate

5.31% Fixed

Fees

1.069%

Interest Cap For Future Years

9.5%

GRAD PLUS

2016-2017 ACADEMIC YEAR

Interest Rate

6.31% Fixed

Fees

4.276%

Interest Cap For Future Years

10.5%

 

 


 

CONTACT US

Please direct general inquiries to:
medschool@mcw.edu
or call (414) 955-8208

Medical School
(414) 955-8246
medschool@mcw.edu

Graduate School
(414) 955-8246
gradschool@mcw.edu
Office of Development
(414) 955-4700
donor@mcw.edu

Office of Communications/Media Contact
(414) 955-4725
media@mcw.edu
Alumni Association
(414) 955-4781
alumni@mcw.edu

GME – Residencies/Fellowships
(414) 955-4575
gme@mcw.edu

If you require a paper copy of any financial aid documents, we will provide one upon request.
Page Updated 12/14/2016