The San Juan Bautista School of Medicine gives you a warm Welcome

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Financial Aid The purpose of Financial Aid Office is to provide assistance to qualified students to obtain the financial resources they need to pay their cost of attendance. Students may be eligible for the following financial aid options, according to their academic study program: Pell Grant: A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. The maximum Pell Grant award for the 2011-12 award year (July 1, 2011 to June 30, 2012) is $5,550. The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. Subsidized and Unsubsidized Loans Graduate students who meet the requirements established by the US Department of Education may receive $20,500 ($8,500-Subsidized and $12,000-Unsubsidized) per academic year. Medical students may be eligible to apply for an additional $20,000. in unsubsidized loan. The interest rate is 6.80%. Undergraduate students who do not qualify for Pell Grant may consider apply for a federal loan. The Financial Aid Office provides orientation about the process to apply for student loans, and the requirement the student must meet to qualify. The student must submit a master promissory note on line, and complete an electronic entrance counseling at StudentLoan.gov. Graduate Plus Loan This is a low fixed-interest loan for graduate and professional students to cover their cost of attendance. The interest rate is 7.90% (fixed) begins to accrue since the date of the first disbursement. The loan has an origination fee of 4%. The student must submit a master promissory note on line, and complete an electronic entrance counseling. The following are financial aid option for medical students only: Military Scholarship Programs Medical students interested in a military career may consider apply for one of the scholarships programs for healthcare professions offered by the US Army, the US Air Force or the National Guard. The students must contact the desired program: US Army: 1-800-USA-ARMY or www.healthcare.goarmy.com US Air Force: 1-800-423-USAF or www.AIRFORCE.COM Navy: 1-800-USA-NAVY OR NAVY.COM National Guard: 1-800-GO-GUARD or www.1-800-go-guard.com. 6
National Health Services Corps Scholarship Program: available for students in the primary health care specialties and committed to serving part or all of their career in federally designated health professional shortage area. Learn more about this program at http://nhsc.bhpr.hrsa.gov Scholarship for Disadvantage Students: This program provides scholarships to fulltime, financially needy students from disadvantaged backgrounds, enrolled in the medical program. A medical student may be eligible to apply for this scholarship if come from a disadvantaged background, as defined by the U.S. Department of Health and Human Services. The requirements and application procedure will be announced by the Financial Aid Office. Legislative Scholarships: This scholarship is administered by the University of Puerto Rico-Medical Sciences Campus manages this program. Medical students interested to apply for this scholarship must contact the aforementioned Institution, which is the one that determines the eligibility and guidelines for the distribution of financial aid. The amount of money granted varies depending of the student’s financial needs. For more information contact the UPR-MSC at (787) 758-2525. Application process: Students interested in applying for federal financial aid, must comply with the following requirements and process: • Have financial need. • Be an US Citizen or an Eligible Non-Citizen. • Have a valid social security number. • Enroll in an eligible program as a regular student working toward a degree. • Meet satisfactory academic progress standards • Register (or have registered) with the Selective Service if you are a male between the ages of 18 and 25. • Certify that are not in default on a federal student loan and that do not owe money on a Federal student grant. • Student can not exceed the aggregate loan limit established by the Department of Education. • Comply with the Entrance Interview/Counseling. • Provide all the documents and information required by the Financial Aid Office and Admissions Office. Students must fill the Free Application for Federal Student Aid (FAFSA) of the corresponding academic year, in order to be evaluated to determine eligibility for federal and state funds. It must be submitted on line at www.fafsa.gov, no later than April 15. The SJBSM school code is G3177300. Students need a pin number, which can be obtained at www.pin.ed.gov. 7
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