Types of Financial Aid

There are several financial aid and scholarship options available to medical students, including:

• WAUSM Scholarships: These awards are offered at the time of admission and are not repaid.

• External Grants and/or Scholarships: These are grants and scholarships awarded to students by outside agencies.

• Private Student Loans: Private student loans are credit based and available through multiple lending institutions. When choosing the best loan for you look at items such as deferment, forbearance, and repayment provisions, to include what happens to the loan balance in the event of death or permanent disability

Tuition Refund

A student may be eligible to receive a refund of tuition upon their withdrawal or leave of absence from the WAUSM MD program. The terms and condition to determine if a student is eligible to receive a tuition refund are as follows:

• Students who withdraw, or have an approved leave of absence, from the University prior to the first day of classes will receive a 100% tuition refund, less any nonrefundable fees.

• Students who withdraw, or have an approved leave of absence, from the University before the end of the first week of classes will receive a 75% tuition refund, less nonrefundable fees.

• Students who withdraw, or have an approved leave of absence, from the University before the end of the second week of classes will receive a 50% tuition refund, less nonrefundable fees.

• Students who withdraw, or have an approved leave of absence, from the University before the end of the third week of classes will receive a 25% tuition refund, less nonrefundable fees.

• Students who withdraw, or have an approved leave of absence, from the University after the third week of classes will not receive a tuition refund.

• The Senior Associate Dean for Student Affairs makes the determination of extenuating circumstances such as serious illness, military conscription, or death of a family member.

• The date of withdrawal is determined by the date that a written application for withdrawal for that semester is received by the office for student affairs. Tuition refunds are processed within 30 days of the received date of the written application.

Please note: External vendor fees such as visa fees, shuttle pass fees, student health insurance fees, and supply fees, etc. charged to your student account for supplies and services are generally non-refundable once services have begun or supplies have been provided. Semester 1 students receive a scholarship for their tuition. For Semester 1 students, any tuition adjustments that result in a credit will be returned to the scholarship program. For US students with private loans, any credits that result will be returned to the private loan program first and to the student second. 

Financial Responsibilities and Late Fees

Students accept financial responsibility for payment of all institutional costs including, but not limited to, tuition and living expenses. A student will not be able to register for future semesters until all outstanding balances have been paid in full. If a student has an outstanding balance that exceeds 30 days from the start of the semester, a hold and a $100 late fee will be placed on the student account, unless the student has prior approval from the Director of Student Financial Services (SFS) for students in semesters 1-10.

Student Records Holds

A Student Financial Services hold will be placed on a student account to withhold services, records, academic certification, transcripts, and diplomas from a student whose account is past due. The Office of the University Registrar may place a hold on your account for different reasons; therefore, please contact the appropriate office that initiated the hold to discuss what requirements must be met to have the hold removed.