How Aid Works

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Financial aid provides financial assistance to students who would otherwise be unable to pursue a medical education.

Who’s responsible for what?

The primary responsibility for financing your education rests with you and your family.

Financial assistance from the school and other sources is intended to be supplementary.

How financial aid is calculated

Financial aid is awarded on the basis of demonstrated financial need and cannot exceed your cost of attendance. This is determined according to:

  • Federal, state, and University regulations
  • Available funding levels for each aid year

One important tool we use is a standard student budget (cost of attendance) we have developed for each of our campuses: Twin Cities and Duluth. This budget includes:

  • Direct educational costs, such as tuition and fees
  • Indirect costs, including housing, transportation, books & supplies, and other personal living expenses for a single student

Many types of aid

Financial aid may consist of:

Explore aid opportunities

The process

Want to apply for aid? Here are your three must-do steps:

  • Submit your FAFSA application. You must complete the Free Application for Federal Student Aid (FAFSA) every academic year you wish to receive financial aid. If you wish to be considered for need-based institutional scholarship funding, include parental information on the FAFSA and submit the Medical Student Scholarship Application. Annual application materials will become available in October for the FAFSA and December for the Medical Student Scholarship Application.
  • Watch for and respond to any correspondence from the University of Minnesota. You may be asked to provide additional information.
  • Accept, reduce, or reject your financial aid offer. In July, you will receive an email notice of your financial aid award, which you will need to accept, reduce, or decline. You should not automatically accept your entire award. Consider your actual needs and accept only what is necessary.

Get started

Connect with a counselor

Our dedicated financial aid staff can assist you with all aspects of financing of your medical education.

Medical School Financial Aid Office - Twin Cities campus

Director and Counselor
Kristin Basballe
612-624-7675
parrx008@umn.edu

Counselor
Sheryl Houston
612-624-0692
s-nash@umn.edu

Assistant
Valerie Bauer
612-625-4998
bauer006@umn.edu

Hours
8:00 a.m. to 4:30 p.m.
Monday–Friday

Address
University of Minnesota-Twin Cities
Medical School Financial Aid Office
Mayo Mail Code #293
B606 Mayo Building
420 Delaware Street SE
Minneapolis, MN 55455-0374
msfao@umn.edu

Medical School Financial Aid Office - Duluth campus

Counselor
Dina Flaherty
218-726-6548
dflahert@d.umn.edu

Hours
Monday-Thursday: 8:00 a.m. to 3:00 p.m.
Friday: 8:00 a.m. to noon

Address
University of Minnesota-Duluth
Medical School Administration
114B SMed
1035 University Dr.
Duluth, MN 55812