What is the cost for tuition?
The cost of tuition for the 2016-2017 school year is $50,700 for MCW Milwaukee Medical Students. Wisconsin Student Tuition Assistance for Wisconsin residents estimated at $4,000 for the 2016-2017 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:
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: firstname.lastname@example.org.
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.