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 $1,400 (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.

TWIN CITIES

For Year 1 students, documentation must be submitted by June 1, 2019 for loans provided during the 2018-19 academic year. Years 2 and 3 students must apply by July 26, 2019. Graduating Year 4 students must apply by November 1, prior to graduation.

DULUTH
For current students, maximum budget is $1,400.

Transportation Policy

Transportation costs are built into the standard budget, which factors in maintenance, parking, and insurance expenses for medical students.

Transportation allowances are as follows:

TWIN CITIES
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)
DULUTH
Year 1: $1,119
Year 2: $940

If you qualify for financial aid, the above standard costs for transportation may be funded by scholarships, loans, or other sources of aid.

View tips for saving on transportation

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.

Twin Cities
The car loan program is available on this campus.
Duluth
The car loan program is not offered on this campus.
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