Academic and Student Services hero small

Academic and Student Services

Medical School Financial Aid & Tuition 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. Please refer to the All Student Handbook (PDF) for tuition payment policies and information. 

2018-2019 Tuition & Fees

Loan Information

all
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.

Students may be eligible for an institutional loan if federal and private funding options have been exhausted.  For more information regarding eligibility requirements, criteria for selection, eligible amounts, procedures, applications, and truth in lending disclosures, please contact the Financial Aid Department.
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 2017-2018 school year have a fixed interest rate of 5.31%. 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.

Scholarship & Grant Information

all
State of Wisconsin Medical Student Tuition Assistance Grant
Each year, MCW 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 $3,644 which will be applied toward tuition for the 2018-2019 academic year. (The Credit amount is an estimate based upon Wisconsin resident enrollment and is subject to change each academic year.)
MCW 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 Army, Navy 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.
Pisacano Leadership Foundation

The Pisacano Leadership Foundation is pleased to announce that the application for the 2019 Pisacano Scholars Leadership program is now available online at www.pisacano.org.

The Pisacano Leadership Foundation (PLF) seeks to advance family medicine by providing well-educated, community-minded leaders in primary care. By aiding students who demonstrate the highest levels of commitment to family medicine, scholarship, leadership, character, interpersonal skills, and community service, the PLF will promote the development of the future leaders in the specialty.

The Pisacano Scholars Leadership program is designed to provide educational programs, leadership training, and funding to reimburse a portion of medical-school-related debt. Scholarships will be awarded to outstanding medical students for a four-year period. Students who have made a commitment to the field of family medicine and who will enter their fourth year in medical school in the fall of 2019 may apply. The PLF will award scholarships with a maximum value of $28,000 each for the 2019-2020 academic year.

Applications must be received by March 1, 2019 to be considered.

If you have questions, please contact Jane Ireland: jireland@theabfm.org or 888-995-5700, ext. 1249.

Frequently Asked Questions

all
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 (PDF). 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. Students must have a completed FAFSA including parental information, Financial Aid Application and Parental Assistance Worksheet on or before the deadline. The Parental Assistance Worksheet must be completed and signed by your parents. Institutional aid is awarded to the neediest students first.