Your aid package may be composed of different types of financial aid awards from different funding sources. Listed below are descriptions of aid types applicable for your career. You may or may not be eligible depending on the awarding restrictions of each fund. You are also encouraged to visit your school's or program's website to learn of any additional funding opportunities or aid programs administered outside of the Financial Aid Office.

Additionally, general information about all federal aid programs can be found at Federal Student Aid at a Glance.

School of Medicine Grant

Institutionally funded grant aid awarded on the basis of demonstrated financial need as reported on your PROFILE/FAFSA. Funds are awarded to earliest qualified applicants first, thereby increasing the advantages of applying for aid early. Later qualified applicants may not receive grants due to funding limitations.

School Administered Scholarships and Grants

Other Scholarships and Grants administered by your school may be available to you. Additional information may be found at:

School of Medicine Financial Aid Webpage

Outside Scholarships

Many agencies, employers, military and service organizations award funds to students. If you are a financial aid recipient, you must notify the Office of Financial Aid, in writing, of any scholarships you are awarded from sources other than Emory. If you receive scholarships or other resources not listed on your award notification, you are required to notify the Office of Financial Aid.

The combination of external funds and need-based assistance you receive may not exceed your eligibility or the cost to attend Emory for the academic year. Emory is required to make adjustments for external scholarships and resources if a student's demonstrated eligibility (or total cost of education) has already been met. To the extent possible, it is our policy to adjust self-help awards before reducing grant.

You should inform the Office of Financial Aid of any special instructions or billing information regarding external scholarships. All checks for these awards must be sent to the Office of Financial Aid. Awards will be posted as a payment to your account. It is Emory's policy to divide external scholarships equally between fall and spring semesters unless otherwise specified by the donor.

Veteran’s Education Benefits

Veterans or dependents of veterans may qualify for monthly education benefits. The Office of Financial Aid will not count VA education benefits as a resource when determining eligibility for other types of aid in accordance with federal policy.

Students who anticipate receiving Veteran's benefits and have questions should contact the Office of the Registrar, Attn: Veteran Certifying Official, 200 Dowman Drive, Suite 100, Boisfeuillet Jones Center, Atlanta, GA 30322. Phone: (404)727-6042. Website: http://www.registrar.emory.edu.

For more information, please access the Department of Veterans Affairs website http://www.gibill.va.gov or call 1-888-GIBILL-1 (1-888-442-4551)

Emory University Loans

Emory administers a university loan program to assist students in financing their education. Although the PROFILE/FAFSA are not required to qualify for every Emory loan program, we recommend that you apply for need-based aid first to take advantage of lower interest loans. Emory Loan Programs at a Glance lists Emory loan programs applicable to your career.

Federal Direct Stafford Loans

Direct Stafford Loans are low-interest loans available to degree-seeking students enrolled at least half-time. The lender is the U.S. Department of Education. An origination fee will be deducted from each disbursement by the U.S. Department of Education.

Unsubsidized loans are not based on need, although you must file the FAFSA to be considered. Interest will be charged from the time the loan is disbursed to you until it is paid in full. You can choose to pay the interest while you are in school or allow it to accumulate. However, allowing it to accumulate will increase the total amount you have to repay. Interest is capitalized once at repayment.

See Federal Direct Stafford Loans

Federal Direct Graduate PLUS Loan

The Direct Graduate PLUS Loan is available to degree-seeking students enrolled at least half-time. The Direct Graduate PLUS Loan has a fixed interest rate of 7.9%. An origination fee will be deducted from each disbursement by the U.S. Department of Education.

This loan is not based on need, although you must file the FAFSA to be considered and must first be offered your Stafford Loan eligibility. You may borrow up to the full cost of attendance (as defined by the Emory Office of Financial Aid) minus other aid. Interest will be charged from the time the loan is disbursed until it is paid in full. Repayment begins 6 months after the borrower ceases to be enrolled at least half-time, withdraws, or graduates.

The Direct Graduate PLUS Loan is credit based but the required credit criteria are much less stringent than for private education loans.

See Federal Loan Programs at a Glance

Private Loans

Private educational loans may be an important funding source for students who need more loan funds than the federal programs can provide. Terms of private loans vary significantly. These loans can be more expensive than federal loans because the federal government does not guarantee them. Maximum federal loan eligibility should be borrowed before a private loan is considered. They require a credit check and/or debt-to-income ratio check on the borrower and/or co-borrower. A co-borrower may be required; lower interest rates may be available to students who choose to have a co-borrower. Visit the suggested Private Loan Lenders pages for more information.