The short answer is, yes. FAFSA® may cover some medical school expenses. The Free Application for Federal Student Aid (FAFSA®) can potentially help you get funds in the form of federal loans and grants for medical school expenses.
Medical School & FAFSA®
While some funds are limited, such as grants you might have used during undergraduate education, there are still some options for students who want to continue their education via medical school. Filing the FAFSA® is crucial because it also qualifies you for aid that your college or state might be willing to award you for attending medical school.
Federal Student Loans for Medical School Students
The FAFSA® also qualifies you for low-interest federal student loans to help you pay for medical school. While taking out student loans isn’t the ideal scenario, the federal loans are generally a better bet than private loans when it comes to repayment options and interest.
Scholarships, Grants & Fellowships for Medical Students
Medical school students also have the option to apply for several outside financial awards such as grants, fellowships, assistantships, and scholarships. These options can be incredibly helpful in lowering the debt you might accrue to complete your education.
These are also great options because you don’t have to pay them back — unlike your federal or private loans.
Private Loans for Medical Students
If you don’t qualify for any of the FAFSA® options or additional aid, or simply can’t get enough, private student loans are also an option. Make sure to read any loan agreements, including the fine print, so you don’t get into a situation that you can’t handle.
Good luck on your medical school journey!