School of Medicine Financial Aid

Financing your medical education can be quite costly. Utilizing financial aid can help fund your medical education.

Know the cost of attendance for your four years of medical school:

 

Medicine Resident

Estimated annual cost of attendance by medical school year (Resident)
Total 67,954 56,781 72,585 82,731
Cost category MS1 MS2 MS3 MS4
Tuition 18,414 18,414 18,414 18,414
Fees 6,078 6,078 6,078 6,203
Books — — — —
Transportation 5,534 4,025 6,037 6,037
Personal expenses 11,990 8,720 13,080 13,080
Living expenses 25,938 18,864 28,296 34,512
Other — USMLE — 680 680 935
Other — externships — — — 3,550

 

Medicine Non-Resident

Estimated annual cost of attendance by medical school year (Non-Resident)
Total 83,166 71,993 87,797 97,943
Cost category MS1 MS2 MS3 MS4
Tuition 33,626 33,626 33,626 33,626
Fees 6,078 6,078 6,078 6,203
Books — — — —
Transportation 5,534 4,025 6,037 6,037
Personal expenses 11,990 8,720 13,080 13,080
Living expenses 25,938 18,864 28,296 34,512
Other — USMLE — 680 680 935
Other — externships — — — 3,550

 

Disbursement Dates 2026-2027

Academic term start and end dates by medical school year
School / Program Summer (start) Fall (start) Spring (end) Summer (end)
PLFSOM – MS1 Not applicable June 27, 2026 December 26, 2026 Not applicable
PLFSOM – MS2 Not applicable July 25, 2026 December 26, 2026 Not applicable
PLFSOM – MS3 Not applicable May 9, 2026 October 31, 2026 Not applicable
PLFSOM – MS4 Not applicable May 30, 2026 December 26, 2026 Not applicable

 

  1. The financial aid Cost of Attendance (COA) and financial aid awards are estimated based on anticipated full-time enrollment for fall/spring terms. Financial Aid (Pell Grants) will be adjusted at the end of the add/drop period to reflect your semester registration. You will be expected to repay any overpayment of financial aid that resulted from a reduction in enrollment hours. The outstanding balance will be reflected on your university student account. Students must be enrolled at least half-time for loans. Students, with the exception of Medical, must be enrolled for both 6-week sessions at the beginning of the term to receive summer financial aid disbursements.
  2. All students must meet Satisfactory Academic Progress (SAP). SAP is calculated annually at the end of the spring term once all grades have been posted.
  3. All HOLDs must be resolved for funds to be disburse.
  4. If applicable, refunds are processed by Student Business Services, generally 3-5 business days after funds have been posted to your tuition account.

 

Financial Aid Timeline

October of Current Academic Year

  • FAFSA available for the new academic year. Entering or returning students must have username and password ready when completing the FAFSA. Use TTUHSC school code 042808.

February

  • Information from your FAFSA will be uploaded into our TTUHSC Financial System during March which will allow us to evaluate your financial need.
  • Submit additional documentation being requested by the Office of Financial Aid.
  • Indicate your enrollment status on WebRaider.

April

  • Expect “Award Notification” by early April.
  • Accept financial aid award offered to you on WebRaider. (Refer to Financial Aid & Payment Fact Sheet for instructions.)
  • First time Direct Loan borrowers will complete an online entrance counseling and sign a Master Promissory Note at https://studentloans.gov.
  • Returning students will complete the online entrance counseling at https://studentloans.gov every academic year.

May

June

July

December

 

Important: Check your WebRaider to receive any updates on your financial aid status.

 

Make a Budget

Using the cost of attendance from Texas Tech University Health Science Center El Paso as a budget can give you a rough estimate of the maximum you can safely spend on living expenses for the upcoming year. Budgeting with your financial aid as opposed to a typical work income is a unique situation. By budgeting with the cost of attendance, it will give you an idea on how much financial aid you will need for the year.

Remember, financial aid is disbursed in two increments throughout the academic aid year.

Loan periods vary as well throughout the four years of medical school. Therefore, budgeting plays an important part in saving financial aid money for a whole 12 months. Saving money for after graduation is another great budgeting tip.You might not receive your pay from your residency right away.

Use the monthly budget worksheetto help you get a bigger picture of what you are spending.

 

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