SCHOLARSHIPS, GRANTS, AND LOANS TO HELP YOU FINANCE YOUR EDUCATION
Generous donations to the NEOMED Foundation, University Operating Budget dollars, and grant funding from the Department of Health and Human Services are the sources of the NEOMED Institutional Aid opportunities. Institutional Aid opportunities include need-based, non-need based, and education for service opportunities.
NEED-BASED SCHOLARSHIPS, GRANTS, & LOANS
Need-based financial aid is awarded to students who demonstrate a financial need. Need-based financial aid includes scholarships, grants, and loans. Students must apply for need-based aid on an annual basis. Follow the guidance on the Applying For Financial Aid webpage to apply for need-based aid. There is one application that opens students up to all need-based funding opportunities.
Scholarships and grants are considered a source of “gift-aid” because they are a source of free money – financial aid that doesn’t need to be paid back. There are multiple need-based loan opportunities. See the Loans webpage for further information, including the terms and conditions of the loans.
NON-NEED BASED SCHOLARSHIPS
Non-need based scholarships are awarded to students who meet eligibility criteria. Some scholarships are awarded during the admission process, others are awarded based on academic merit, and others are awarded based upon individual applications.
Scholarships awarded during the admission process and based solely on academic merit will be processed by the Office of Financial Aid. Students will be notified if they have been selected for these awards.
Scholarships awarded based upon individual applications, will have an application cycle. When an application cycle begins, all eligible students will be notified of the opportunity and the application requirements. Once an application cycle ends, the University Scholarship and Awards Committee will review applications and select recipients.
EDUCATION FOR SERVICE OPPORTUNITIES
Education for Service opportunities provide funds for students to finance their education in exchange for a commitment to servicing the community. Funding opportunities include both scholarships and forgivable loans.
NEOMED Education for Service opportunities will have an application cycle. When an application cycle begins, all eligible students will be notified of the opportunity and the application requirements. Once an application cycle ends, the University Scholarship and Awards Committee will review applications and select recipients. The application process for these opportunities often requires an interview with the Committee.
There are also Education for Service opportunities offered by external sources such as the National Health Service Corps. The Office of Financial Aid will communicate these opportunities with students as they become available.