Medical School

The cost for tuition for the 2012-2013 school year is $44,252 for second, third, and fourth year students and $45,104 for first and second year students. The state of Wisconsin will provide Wisconsin residents a capitation credit of approximately $5,400 which will be applied toward tuition for the 2012-2013 academic year. The Capitation amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.

The Higher Education Aids Board makes all decisions regarding becoming a Wisconsin resident. The residency determination form can be found on the Admission's Website.

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 2012-2013 school year for continuing students is March 8, 2012 and you must have a completed FAFSA including parental information, Financial Aid Application, Parental Assistance Worksheet and a signed copy of your 2011 Federal Income tax return 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.

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

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

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.

To view your loans online, go to the National Student Loan Data System.  You will need your FAFSA pin number.

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.

Your credit report due date will be sent to you in a letter of acceptance sent by the Admissions Department. We recommend ordering your credit report as soon as you have interviewed, even if you have not received this letter yet.

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

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.

For the 2011-2012 school year, first disbursement of financial aid funds will be as follows:

In order to receive the full amount of money you are eligible to receive, you must have returned a completed award letter and, if you are requesting more than $20,500 in Stafford Loan funds, you must schedule and attend an appointment with a financial aid counselor.

In order for incoming students to receive funds on August 9, you must have completed your master promissory note and Stafford, Perkins and GradPLUS entrance interviews.