Institutional funding consists of need-based loans or scholarship funds available from the Alpert Medical School. External funding comprises any source external to AMS, but primarily federal student loans.

Both scholarships and loans may be offered to students who meet eligibility criteria established by the federal government and by institutional policies.

Scholarships

Scholarships may be awarded on the basis of financial need. Students are encouraged to educate themselves as early as possible about various funding resources and to be persistent and thorough in investigating all possibilities.

Loans

Student loans are the primary source of funding for medical school. As of the 2012-2013 year, both the Stafford Unsubsidized and the Graduate Plus federal loan programs are available to medical students.  Together, these programs may cover up to the full cost of attendance each year.

Alpert Medical School also offers several loan programs to students who qualify for institutional funding.  All AMS loans offer the following benefits:

• No application fees
• No interest accrual during medical school and during other deferment periods
• Six-month grace period following graduation
• A residency deferment benefit for up to three years
• Fixed interest rates ranging from 5% to 7%