Admissions & Aid /

    Financial Aid

    Financing your medical education

    It’s never too early to start thinking about how to pay for your medical education. At UMHS, we realize the financial aid process may seem daunting, but our financial aid counselors can help you build a successful financial plan for your future as a healthcare professional. We also offer several forms of financial aid for students who qualify.

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    The UMHS research lab


    As soon as you submit your application for admission, you should start reviewing all of the financial aid resources on this website. 

    After you are accepted for admission, and within 180 days of your anticipated matriculation term, you will receive a financial aid package via email (It will be sent to the email address you entered on your admission application). As soon as you get the financial aid package, follow the instructions to start your application. 

    It is important to review and understand how your existing educational debt, personal financial resources, and credit history may impact your ability to finance your medical education. Financial aid counselors are ready to assist you in this matter. We will provide you with guidance and understanding of the financial aid process and your creditworthiness. Financial aid and credit counseling services are available to current and prospective students as well as alumni.

    Financial aid planning and counseling

    All students are advised to call or visit the Office of Financial Aid in sufficient time before matriculation to discuss and develop a viable financial plan. After counseling and plan development, you will understand:

    • What your expenses are (full cost of attendance), how much financial aid is available, what your funding alternatives are, and the details of the financial aid application process.
    • Your credit report and how credit history affects your ability to obtain student loans.
    • What you can do to build good credit and how debt management can help maintain your financial health.
    • What you need to do for any existing student loans you may have while you are enrolled in UMHS.

    In-school deferment of your existing student loans

    If you have borrowed previous education loans, you must be diligent about monitoring the status of all existing student loan accounts while you are enrolled at UMHS. Since UMHS has not been approved to participate in the U.S. Federal Student Aid programs, any existing student loans will not be eligible for in-school deferment. UMHS also does not automatically report enrollment to lenders.

    In-school deferment forms require a federal school code. Since UMHS is not approved to participate in the U.S. Federal Student Aid Programs, we do not have a federal school code. If you submit a deferment form to the Registrar, it will be completed — less the school code field — and submitted to your lender. However, approval is not guaranteed. 

    You must monitor your accounts to ensure your deferment request is approved. If the request is not approved, you can apply for forbearance, which is another type of non-repayment status. However, you must be sure to make all required payments on time, and in full, until either a deferment or forbearance is approved.

    Failure to maintain all of your student loan accounts can result in an inability to qualify for the funding you need for your medical education. Sallie Mae does not take lightly delinquencies that may appear on your credit report for any student loans.

    Privacy information

    Per the Family Educational Rights and Privacy Act (FERPA), UMHS does not disclose personally identifiable information or personal financial data from any educational records, unless the student has consented. To consent, a student must complete the UMHS Information Disclosure Consent Form and return it to the Office of Financial Aid (forms are available on request):

    University of Medicine and Health Sciences
    275 7th Ave., 26th Floor
    New York, NY 10001
    Attention: Office of Financial Aid

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    Office of financial aid

    The financial aid office is open Monday - Friday, 7:30am - 5:00 pm ET

    t: 212-868-0855 / e:

    Elissa Schoening - Director of Financial Aid (ext. 320)


    Contact the office of FA