Policies for Expenses
Computer Purchase Policy
Computers, printers, hard drives, and appropriate software are essential, necessary purchases for medical students.
Maximum allowed budget adder: $1,500 (Twin Cities students) and $1,455 (Duluth students).
Students must submit documentation for the computer purchase, such as a purchase agreement, bill of sale, or store receipt.
Financial aid counselors will advise on the most appropriate loan program to use.
Requests for a computer loan must be made within the loan period the computer was purchased. We may not be able to process a loan request retroactively if your loan request occurs outside the loan period of the purchase.
For continuing Twin Cities Year 1 students, documentation must be submitted by June 1, 2018 for loans provided during the 2017-18 academic year. Years 2 and 3 students must apply by July 27, 2018. Graduating Year 4 students must apply by November 1, prior to graduation.
For current Duluth students, maximum budget is $1,455.
Transportation costs are built into the standard budget, which factors in maintenance, parking, and insurance expenses for medical students.
Transportation allowances are as follows:
Year 1: $2,500 (fall, spring, summer)
Year 2: $3,300 (fall, spring, summer)
Year 3: $3,900 (fall, spring, summer)
Year 4: $2,600 (fall, spring)
Year 1: $1,082
Year 2: $962
If you qualify for financial aid, the above standard costs for transportation may be funded by scholarships, loans, or other sources of aid.
Car Loan Policy
Twin Cities students without cars or with cars needing excessive repair may receive an allowance (private loan) of no more than $6,000 for the purchase or repair of a car. The total cost of the used car cannot be more than $6,000. New car loans will not be approved.
First-year students who, prior to medical school, committed themselves to car loan payments, may also request up to $6,000 as a private loan.
The funding may be distributed over the course of more than one year, but it can only be financed through a private loan program.
This loan requires a credit check. If you have had credit problems in the past, you may not qualify. The school certification of this loan is subject to final approval by the lending institution.
What you need to petition for a car loan
- A completed Petition for a Car Loan, which you can obtain by meeting with a financial aid counselor
- Proper documentation such as a copy of the sales contract, or estimates of repairs, or paid repair receipts
- A copy of your current registration with the DMV
- Proof of insurance covering accidents, vandalism, fire, and theft
Deadline: Graduating Year 4 students must apply by November 1, prior to graduation.
The car loan program is available on this Twin Cities campus.
The car loan program is not offered on this Duluth campus.