INSTITUTIONAL AID
Need-Based Aid Policies

1. Filing Deadlines: Application for need-based school-funded aid must be made annually by published deadlines.

2. Award Limits: The medical school funds only the portion of an applicant's demonstrated need beyond what could be met with the maximum $8,500 subsidized Federal Stafford Loan.

3. U.S. Citizenship: Students who are not United States citizens or permanent resident aliens are not eligible for financial aid from the medical school.

4. Parental Information: All applicants must provide parental income and asset information on the application forms, regardless of age, marital status or independent status for federal loan programs.

5. Parental Contributions: With the following exceptions, the full parent contribution produced by the need analysis will be imputed in the calculation of school aid eligibility:

Applicants 25 years of age or older upon entering: Although applicants must provide parental information, parental contribution will be reduced to the extent of funding availability. The reduced parent contribution will be reported to the applicant as "unfunded need" which may be met with a voluntary parent contribution and/or loans from the unsubsidized loan programs.

Married and spouse is employed: When applying for the first time as married, the student must provide parental information. However, except as required for the school-administered Title VII Programs, the spouse's calculated contribution from income may replace all or a portion of the parent contribution.

Note to students whose spouse is also a full-time student: An applicant whose spouse is a full-time student must provide parental information with every application for school funding, and the full parent contribution will be imputed in the eligibility calculation.

No exception will be considered without a written request to the financial aid director in advance of application. Exceptions to this policy are extremely rare.

Loans and Scholarships from Gifts and Endowments
Although you need not apply separately or specifically for any of the school-funded scholarships or loans listed in our medical school catalog you should complete the optional information section of the UVA Financial Aid Application to inform the Financial Aid Office if you meet any of the special scholarship or loan criteria such as geographic origin, ethnic background, specialty interest, etc.

Institutional Loans
Loans are interest-free during medical school and for six months following graduation or termination of studies. Repayment of principal can be deferred throughout residency training, but the 5% simple annual interest must be paid monthly beginning six months after graduation and continuing throughout training. Repayment of principal begins upon completion of residency training and interest continues to be assessed on the unpaid balance throughout the life of the loan. The maximum repayment period is ten years in duration.

Scholarships
All school-funded scholarships for which you apply through the financial aid office are need-based. The Admissions Committee selects candidates for limited merit and diversity scholarships, which are not need-based.