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College of Medicine

Campus-Based Scholarships and Loans

Campus-Based Scholarships

Need-based and non-need based scholarships. Requires both student and parental information on the FAFSA.

Private individual donations to the NEOMED Foundation to provide need-based loans for junior and senior medical students. Interest-free while in school and during 3 month grace period. Repayment begins 3 months after graduation or withdrawal. 5% interest at time of repayment. FAFSA and Campus-based Aid Application required.  Requires both student and parental information on the FAFSA.

Education for Service Opportunities

The State of Ohio is offering scholarships to medical students committed to a career in primary care in the State of Ohio. These scholarships are funded by the legislature through the Choose Ohio First program, and will provide $30,000 per year to offset tuition costs per year providing continual funding through this program.

The Sisler McFawn Education for Service scholarship was created to provide a medical student with a scholarship to cover tuition, fees and institutional charges at the Northeast Ohio Medical University (NEOMED) for study in the College of Medicine. The Donor has a strong preference to make the scholarship available to a single qualified recipient for the full four year period; therefore, preference is given to first year medical students.

Federal Financial Aid

Federal Unsubsidized Stafford Loan 

Non-need based Federal loan program. Interest begins to accrue upon disbursement of funds. Interest rate is fixed at 6.21%. Borrowers may postpone payment of principal and interest during in-school period and for a 6-month grace period after graduation. Additional postponements based on eligibility. FAFSA required.

GradPLUS

Non-need based Federal loan program.  Interest begins to accrue upon disbursement of funds.  Interest rate is fixed at 7.21%.  Borrowers may postpone payment while enrolled at least half-time.  Additional postponements based on eligibility.  Requires student to be credit-ready. 

Federal Perkins Loan

Need-based Federal loan program. Interest is subsidized during medical school and for a 9 month grace period after graduation. 5% interest rate when repayment begins. Award amounts are determined by the financial aid office and are based on availability of funds. FAFSA and Campus-based Aid Application required.  Requires both student and parental information on the FAFSA.

Loans for Disadvantaged Students (LDS) 

Need-based Federal loan program for students from disadvantaged backgrounds as determined by the Department of Health and Human Services. Interest is subsidized during medical school and for a 12-month grace period after graduation. Interest rate is 5% upon repayment. Award amounts are determined by the financial aid office and are based on availability of funds. FAFSA and Campus-based Aid Application required.  Requires both student and parental information on the FAFSA.

Primary Care Loan (PCL)

Need-based Federal loan program. Interest is subsidized during medical school and during a 12-month grace period after graduation. Additional postponements based on eligibility. 5% interest rate at repayment. Borrowers must sign agreement to practice in a general primary care field as defined by the Department of Health and Human Services. Award amounts are based on availability of funds. FAFSA and Campus-based Aid Application required.  Requires both student and parental information on the FAFSA.

Military

Private Scholarships and Loans

Click here for a full list of private scholarships and loans