3 Types of Medical School Scholarships | Federal Grants
Last Updated on January 25, 2024 by Lori Pace
To finance medical education, government grants are available to help pay for medical school. Medical Students can use these Medical School Scholarships to support their research
What are Medical School Scholarships?
Medical must complete four years of undergraduate study, then four years in medical school, and three to eight years of residency. The total cost of tuition can reach $150,000.
Loans are helpful but need to be paid once you graduate. That’s why government grants for medical school are the best way to finance an education. Financial assistance is available through a variety of medical school grants. There also are Scholarships for Medical Laboratory technicians.
Government Grants for Medical School – A Financial Assistance
Students can receive financial aid from the government to pay for medical school tuition. Grants are available to support and encourage the development of educational programs, at the graduate and medical school levels. Pre-medical students may apply for grants during their undergraduate years. They should also continue to apply for medical school grants throughout the course of their academic careers.
Federal Grants for Medical School
Students can get federal grants to help them afford medical school. These grants are very easy to obtain, provided that the student can show financial hardship if they were to pay for college. These are the following federally funded grant programs for college:
Pell Grants
Pell grants are a well-known and long-standing tradition. In short, this is the most well-known type of college grant and a long-standing program. The U.S. Department of Education issues these grants and determines eligibility based on expected family contribution to education costs.
Pell Grants are free (FAFSA), and students have the opportunity to apply to them. The applicant’s financial situation will determine the amount. However, Pell Grant awards only provide up to $5,500 per academic year.
Pell also reimburses students for tuition money that they have not yet paid. You can adjust the amount of your Pell grant to reflect changes in your financial situation.
Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG is another federal grant to help undergraduate students pay for their medical school education. Students can use this grant with special needs at any institution.
However, this award is only available to students from low-income or disadvantaged backgrounds. They can provide funding up to $100-$4,000, depending on the student’s need and available amount. FSEOG grants 75% of the total grant amount, and the educational institution pays 25%.
Academic Competitiveness Grant (ACG)
This grant is awarded to top undergraduate students who maintain a minimum 3.0-grade point average. So, he grant usually gives $750 to first-year students and $1300 to second-year students. Moreover, Pell may combine grants with ACG if the total grant amount does not exceed tuition costs.
How to Apply for Federal Educational Grants?
To be eligible for federal grants for medical school, applicants must complete the Federal Application for Student Aid (FAFSA). Furthermore, to qualify for grants, students must answer questions about their income. You can visit their website to fill out the form.
A FAFSA paper can be picked up at a local library, college or university.
Government Grants for Medical School – State Grants
State education departments usually administer state college grants. They can vary from one state to the next. They can submit their applications and don’t usually use the FAFSA. These awards can be precious and are worth looking into as they can combine with federal grants.
Students can access these grants at schools through the financial aid office. Anyone looking for information on grants from the government for medical school may also visit the Education USA website.
Conclusion
Grants from the government for medical school can be used to help finance education or to support research. So, you can learn more about the grants available at the federal level by visiting the Department of Education, Health Resources and Services Administration, Centres for Disease Control and Prevention, and National Institutes of Health.
