1. Complete your FAFSA
As a medical student, regardless of your dependency status, you will be considered an independent student for financial aid purposes. However, for need-based institutional scholarship consideration and eligibility, you must provide parent information on the FAFSA. Parental information, though, will NOT be used to determine your eligibility for federal or institutional loan funding.
The FAFSA and Medical Student Scholarship Application are available on this page when they are being accepted for the coming 2020-21 school year.
Select the 2020-21 school year application which will cover funding for Fall Semester 2020, Spring Semester 2021, and Summer Semester 2021.
Before you submit
- You and/or your parents should refer to your filed 2018 federal income tax forms. Do NOT use estimated tax information on the FAFSA.
- Read the Financial Aid Application Instructions (available on this page in December) thoroughly and completely. You are responsible for knowing this information and for adhering to the application deadlines contained within it.
- Annual application materials will become available in October for the FAFSA and December for the Medical Student Scholarship Application.
- A new FAFSA and (if you are interested in need-based institutional scholarship consideration) a new Medical Student Scholarship Application must be submitted each academic year.
How to apply
- Make sure to select the 2020-21 school year application which will cover funding for Fall Semester 2020, Spring Semester 2021, and Summer Semester 2021.
- You can/should use the IRS Data Retrieval Tool (DRT) within the FAFSA to automatically populate filed 2018 federal income tax information.
- You must include parent 2018 federal income tax information on the FAFSA in order to be considered for need-based, institutional scholarship funding.
2. Submit your medical student scholarship application (optional)
Students must fill out and electronically submit the following application to be considered for any need-based institutional scholarships, such as those from the University of Minnesota Foundation, the Medical School, and the Financial Aid Office.
3. Complete the work-study application (optional)
Work-study forms will be available here when they are being accepted for the coming school year.
Twin Cities Fall/Spring Work-Study Application
4. Watch for and respond to any correspondence from the University of Minnesota
While your application is being processed, you may be asked to provide additional documentation. Once given to you, use your University-assigned email address when communicating with the Medical School Financial Aid Office via email regarding your student financial aid business.
Your financial aid may be placed on hold or withdrawn if the additional information requested from you is not provided promptly.
5. Accept, reduce, or reject your financial aid offer
After your application is processed, you will receive an email in mid-July that tells you how much financial assistance is available to you each semester.
Your financial aid offer is a financial aid package including loans and scholarships. The financial aid package is primarily composed of loans, since scholarship funds are extremely limited.
What to do after receiving your financial aid offer
- Make a decision to accept all or a portion of the financial aid offered within three weeks of the date you receive your notification. Otherwise, some awards may be canceled.
- Complete promissory notes and/or any relevant online counseling sessions.
For Twin Cities students
Most financial aid offers for 2020-21 will be available mid-July 2020 or sooner. Your 2020-21 Financial Aid Notice (FAN) covers funding for Fall Semester 2020, Spring Semester 2021, and Summer Semester 2021. Make sure funds are available at the beginning of fall semester by responding to your FAN offer as soon as possible.
Once prompted by an email message from One Stop Student Services at your University-assigned email address, you will view and respond to your FAN by logging in to MyU and selecting My Finances. Under the Financial Aid tab, select Financial Aid Year 2020-2021 (2021) and Twin Cities Campus, and then respond to your aid offers in Step 3 by clicking the link to “View your awards.” From your Award Summary, make your decisions and use the link on the page to accept (or reduce) or decline each of the aid offers listed.
When deciding whether to accept, reject, or reduce your offers, please read the following. (You are responsible for this information.)