Be an informed borrower
We've compiled tools, tips, calculators and resources to help you manage your debt and finance your education. Our dedicated financial aid team is available to assist you and offers individual consultations.
Before you graduate
- Complete required Federal Direct Exit Loan Counseling
- Login to Blackboard and complete the M4 financial literacy course
- Review your federal loans your loan servicer(s)
Loan Repayment Assistance
- Assistance for borrowers having difficulty repaying loans
- Loan repayment information – Student Aid on the web
Federal Consolidation Loan
Federal consolidation loans allow you to combine existing federal student loans into one new loan with a weighted-average interest rate of the interest rates on the loans included in the consolidation, rounded up to the next higher one-eighth of one percent. Loan consolidation reduces the number of monthly payments to individual lenders/servicers and may also lower monthly payment amounts. More information about online: Federal Direct Loan Consolidation.
Debt Management Resources
Calculators, organizers and other tools
Becoming financially literate
Resources from the federal government
Scholarship and loan databases
- Saving and Spending
Budgeting for 2017-18 Expenses
The U.S. Department of Education stipulates the Cost of Attendane (COA) can include only the period that a student is enrolled, i.e., attending classes. The length of enrollment in the M4 year, excluding the Step 2 preparation course, is eight months. The length of the M3 year, including rotations, is 11 months. The four-month difference in the enrollment periods between the two academic grade levels causes the difference between their COA.
Following is a chart of the average expenses compounded by the number of month of coursework. It is a guide to help budget each financial aid refund check disbursed during the period of enrollment. Note: The amounts are estimates only.
2017-18 estimated expenses
(not including parking)
Total 1 $1,300 $220 $374 $1,894 2 $2,600 $440 $748 $3,788 3 $3,900 $660 $1,122 $5,682 4 $5,200 $880 $1,496 $7,576 5 $6,500 $1,100 $1,870 $9,470 6 $7,800 $1,320 $2,244 $11,364 7 $9,100 $1,540 $2,618 $13,258 8 $10,400 $1,760 $2,992 $15,152 9 $11,700 $1,980 $3,366 $17046 10 $13,000 $2,200 $3,740 $18,940 11 $14,300 $2,420 $4,114 $20,834 12 $15,600 $2,640 $4,488 $22,728