Scholarships, Debt Management and Financial Wellness
The Office of Scholarships and Financial Wellness supports your transition and journey in Medical School. We offer a variety of useful information, resources, tutorials and assistance to ensure you are aware and stay on track for success.
Costs/Resources to Pay for School
Wayne State University School of Medicine Tuition - https://recordsandreg.med.wayne.edu/tuition
Office of Financial Aid - https://wayne.edu/financial-aid/medicine
Federal Loans vs Private Loans - https://studentaid.gov/understand-aid/types/loans/federal-vs-private
Resources for Muslim Students
Wayne State University School of Medicine Scholarships and Endowments
Dear Class of 2025,
As you are thinking through specialty options and M4 scheduling, I want to share a novel opportunity that has emerged for students from your class. In collaboration with Dr. Binienda, Director of the Division of Health Sciences, eligible M3 students will have the opportunity to complete a one-year MPH within our own Department of Family Medicine and Public Health Sciences.
Selected students would step out on a 1-year Educational Leave of Absence (ELOA) after completion of Segment 3 to take advantage of this full-tuition scholarship valued at close to $50k each. The duration of the program will be from May 1st, 2024 – April 30, 2025.
Multiple scholarships have been secured by Dr. Binienda through this grant-supported program from USHHS. For any student considering this option, please reach out to your class counselor and Dr. Chadwell to discuss the ELOA parameters, impact on M4 timeline and residency applications, and to be sure the opportunity aligns well with your career trajectory.
- Students must be in good standing
- Student would begin MPH following completion of Segment 3
- Students must sit for Step 2 no later than the posted deadline of October 31, 2024 for their original Class of 2025 to complete the program.
- Students are granted an educational leave for this one-year intensive graduate degree
- After completion, participating medical students will return to Segment 4 on May 1st of 2025.
- Priority is given to students from underrepresented/disadvantaged populations and those entering primary care specialties but open to All!
Link to apply:
Juliann Binienda, PhD, Professor and Director - 586-703-2629
National Health Services Corps – https://nhsc.hrsa.gov/
Military and Veteran - https://wayne.edu/financial-aid/types/other/veterans
Bridging the Dream Scholarship for Graduate Students - Scholarships for Graduate School| The Sallie Mae Fund
Hispanic Health Professional Student Scholarship - The Hispanic Health Professional Student Scholarship (nhmafoundation.org)
Hispanic Latino Commission Future Leaders Scholarship - HLCOM - Hispanic and Latino students encouraged to apply for 2020-2021 Future Leaders Scholarship (michigan.gov)
National Hispanic Health Professional Student Scholarship - National Hispanic Health Professional Student Scholarship Details - Apply Now | Unigo
Latino Medical Student Association Scholarships - LMSA National Scholarships - The Latino Medical Student Association
Tylenol Care Scholarship - TYLENOL® Future Care Scholarship | TYLENOL® To apply for this scholarship program, go to https://aim.applyISTS.net/Tylenol/ If needed, the program key to apply is Tylenol If you complete your application, you will be notified if you have progressed to the semi-finalist stage in July. Notifications of final awards will be made in August after the semi-finalist application period. If awarded, funds will be issued for the entire year in the month of September.
Iranian-American Scholarship Fund - Iranian-American Scholarship Fund Apply Here - Iranian-American Scholarship Fund (iasfund.org)
Daughters of the American Revolution Scholarship - Scholarships | Daughters of the American Revolution (dar.org)
Samvid Scholars - Samvid Scholars — Samvid Ventures
Chinese American Physicians Society - Scholarship Program (caps-ca.org)
Traub-Dicker Rainbow Scholarship - Scholarships — Stonewall Community Foundation (stonewallfoundation.org)
Pisacano Scholars Leadership (PLF) Award in Family Medicine - http://www.pisacano.org/
National Medical Fellowships - http://www.nmfonline.org/
OSARA Medical Scholarship Program - Medical Scholarships Available- OSARA Medical School Scholarships
AAMC Scholarship & Loan Repayment Search Tool - Loan Repayment/Forgiveness/Scholarship and Other Programs (aamc.org)
Buckfire Lawfirm Diversity Community Scholarship - Buckfire & Buckfire, P.C. Medical Diversity Scholarship Program (buckfirelaw.com)
Islamic Development Bank/ISNA Scholarship - Islamic Development Bank/ISNA Scholarship – Islamic Socety of North America
ISNA Scholarships - Scholarships – Islamic Society of North America (isna.net)
STSA Southern Thoracic Surgical Association - STSA Scholarship : STSA
Scholarships for Away Electives
Albany Medical College - Albany Medical College offers funded electives for students underrepresented in medicine in Internal Medicine, Pediatrics and Surgery. https://www.amc.edu/academic/undergraduate/upload/Albany-Medical-College-Diversity-Program-final-7-7-17.pdf
American Academy of Neurology - The American Academy of Neurology (AAN) offers Medical Student Diversity Scholarships to fund travel to the AAN Annual Meeting. https://tools.aan.com/conferences-community/annual-meeting/ Visiting Students: https://aan.secure-platform.com/a/organizations/main/gallery/rounds/7/details/21105 and https://aan.secure-platform.com/a/organizations/main/gallery/rounds/7/details/21104
American Academy of Otolaryngology – Head and Neck Surgery - The American Academy of Otolaryngology – Head and Neck Surgery (AAO-HNS) offers grants for underrepresented minority students to do elective away rotations in Otolaryngology – Head and Neck Surgery, and for minority students to attend the AAO-HNS National Meeting. AAO-HNS Diversity Grants
American College of Radiology - The American College of Radiology and Nth Dimensions Educational Solutions sponsor an annual summer internship program for first-year gender and ethnic minority students including those in the American Academy of Orthopaedic Surgery J. Robert Gladden or Ruth Jackson Orthopaedic Society mentoring program. http://www.nthdimensions.org/bioskills
American Society of Hematology - The American Society of Hematology offers funded research experiences for underrepresented in medicine medical students ranging from 8 weeks to one year. http://www.hematology.org/Awards/Medical-Student/383.aspx
American Society for Radiation Oncology - The American Society for Radiation Oncology offers Minority Summer Fellowships designed to introduce students from underrepresented minority groups to the discipline of radiation oncology. https://www.astro.org/Patient-Care/Research/Funding-Opportunities/ASTRO-Minority-Summer-Fellowship-Award/
Boston Medical Center - Boston Medical Center offers funded electives for visiting medical students underrepresented in medicine. https://www.bmc.org/medical-professionals/office-minority-physician-recruitment/visiting-medical-students
Brown University - Brown University’s Warren Alpert Medical School offers visiting student scholarships for rotations in Internal Medicine and Pediatrics. Learn more about this opportunity.
Children’s National/George Washington University - Children’s National and George Washington University offer a Minority Senior Scholarship Program for rotations to expose underrepresented in medicine students to Academic Pediatrics. Learn more about this opportunity.
Duke University School of Medicine - Duke University School of Medicine offers a visiting scholars program for underrepresented in medicine students featuring rotations in Surgery, Ophthalmology, Otolaryngology, Internal Medicine, Psychiatry, Obstetrics and Gynecology, Pediatrics, Emergency Medicine, Anesthesiology, Dermatology, Neurology, Pathology and Radiology. Learn more about this opportunity.
Eastern Virginia Medical School - EVMS Otolaryngology Away Elective Rotation Grant to underrepresented minority medical students. The student must be in good academic standing and enrolled in their fourth or final year at an accredited MD or DO degree program during their elective rotation at EVMS. Underrepresented minority is defined by the AMA and AAMC as “those racial and ethnic populations that are underrepresented in the medical profession relative to their numbers in the general population”. Contact Erin Mordecai, Residency Program Specialist II email@example.com, phone: 757.388.6229
FARMS Database - The Funded Away Rotations for Minority Medical Students (FARMS) Database is a directory of programs offering financial support to students underrepresented in medicine wishing to participate in visiting electives. FARMS Database
Harvard Medical School - Harvard Medical School offers a paid Visiting Research Internship Program for first- and second-year medical students. Learn more about this opportunity. Harvard Medical School’s funded visiting clerkship program offers rotations in Internal Medicine, Obstetrics and Gynecology, Pediatrics and Surgery. Learn more about these opportunities.
Johns Hopkins University - The Department of Medicine of the Johns Hopkins University School of Medicine offers funded visiting clerkship opportunities for underrepresented minorities. Learn more about this opportunity. The Department of Otolaryngology – Head and Neck Surgery of the Johns Hopkins University School of Medicine offers funded research and clinical clerkships for underrepresented minority students. Learn more about this opportunity.
Louisiana State University - Louisiana State University Health Science Center – New Orleans offers funded visiting clerkships in Emergency Medicine. Learn more about this opportunity.
Mayo Clinic - The Mayo Clinic offers funded visiting clerkships for underrepresented in medicine students in all specialties at its three campuses. Learn more about this opportunity.
Medical College of Wisconsin - The Medical College of Wisconsin offers a paid Diversity Summer Health-Related Research Education Program for first- and second-year medical students funded through the National Heart, Lung and Blood Institute. Learn more about this opportunity.
Medical University of South Carolina - The Medical University of South Carolina’s funded visiting student program offers rotations in Anesthesiology, Dermatology, Emergency Medicine, Internal Medicine, Neurosurgery, Obstetrics and Gynecology, Otolaryngology, Pediatrics, Psychiatry, Radiology, Surgery and Urology. Learn more about this opportunity.
Mount Sinai - The Icahn School of Medicine at Mount Sinai offers funded visiting electives for underrepresented in medicine students in Anesthesiology, Dermatology, Emergency Medicine, Internal Medicine, Neurology, Neurosurgery, Obstetrics and Gynecology, Ophthalmology, Orthopedic Surgery, Pathology, Pediatrics, Physical Medicine and Rehabilitation, Plastic Surgery, Psychiatry, Radiology, Surgery and Urology. Learn more about this opportunity.
National Health Service Corps (NHSC) Students to Service Loan Repayment Program - To be eligible for this program, applicants must be currently enrolled as full-time students in their last year of an eligible allopathic or osteopathic degree program at a fully-accredited school, and planning to complete an accredited primary care residency in a NHSC-approved specialty (Family Medicine, Geriatrics, Internal medicine, Obstetrics and Gynecology, Pediatrics and Psychiatry). In addition, applicants should be interested in working with underserved communities in high-need areas throughout the United States and its territories. Learn more about this opportunity.
New York University - New York University School of Medicine offers funded visiting electives for students underrepresented in medicine. Learn more about this opportunity.
Northwestern University - The Northwestern University Feinberg School of Medicine offers a funded visiting elective program for underrepresented in medicine students in all specialties. Learn more about this opportunity.
Oregon Health and Sciences University - Oregon Health and Sciences University offers a funded diversity program for visiting students in Internal Medicine. Learn more about this opportunity.
Saint Jude Children’s Research Hospital - The Pediatric Oncology Education Program at Saint Jude Children’s Research Hospital is a paid internship in laboratory and clinical research. Learn more about this opportunity.
Saint Louis Integrated Health Network Summer Internship - Washington University School of Medicine has partnered with Saint Louis University School of Medicine to develop a cross-school elective experience for first-year medical students focused on the region’s medically underserved and uninsured. Learn more about this opportunity.
Stanford University - Stanford University School of Medicine offers its Clinical Opportunity for Residency Experience (SCORE) program to groups underrepresented in medicine. The program funds visiting electives in Anesthesiology, Dermatology, Emergency Medicine, Internal Medicine, Neurology, Neurosurgery, Ophthalmology, Orthopedic Surgery, Otolaryngology, Pediatrics, Radiology, Surgery and Urology based on availability. Learn more about this opportunity.
Thomas Jefferson University - Thomas Jefferson University Sidney Kimmel Medical College offers a funded visiting externship in Internal Medicine for underrepresented minority students in medicine. Learn more about this opportunity.
University of Alabama - The University of Alabama’s Underrepresented in Medicine Senior Scholarship Program offers funded clinical rotations in Pediatrics. Learn more about this opportunity.
University of California Davis - The University of California Davis offers a funded visiting clerkship program for 23 specialties. Learn more about this opportunity.
University of California Los Angeles - The Department of Pediatrics at University of California Los Angeles offers funded visiting electives for students underrepresented in medicine. Learn more about this opportunity.
University of California San Francisco - The University of California San Francisco offers scholarships for visiting electives in Emergency Medicine, Family Practice, Obstetrics and Gynecology, Pediatrics, Psychiatry, Radiology, Surgery, Urology and other specialties. Learn more about this opportunity.
University of Chicago - The University of Chicago Pritzker School of Medicine offers a funded minority visiting clerkship program in several subspecialties within Surgery, Pediatrics and Medicine. Learn more about this opportunity.
University of Cincinnati - The University of Cincinnati offers funded minority visiting fourth year electives at Cincinnati Children’s Hospital in Anesthesia, Emergency Medicine, Internal Medicine, Neurology, Ophthalmology, Orthopaedic Surgery and Pediatrics. Learn more about this opportunity.
University of Colorado - The University of Colorado School of Medicine offers funded Pediatric Healthcare Disparities Externships for the underserved at its Denver Campus. Learn more about this opportunity. The University of Colorado also offers Medical Student Diversity Grants for visiting clerkships in Vascular and Endovascular Surgery at its Aurora Campus. Interested applicants may contact Dr. Omid Jazaeri at Omid.firstname.lastname@example.org.
University of Michigan - The University of Michigan offers Health Equity Visiting Clerkships for underrepresented in medicine students. Learn more about this opportunity.
University of North Carolina - The University of North Carolina School of Medicine Charlotte Campus offers a funded healthcare disparities externship in Emergency Medicine for underrepresented in medicine students. Learn more about this opportunity. The University of North Carolina School of Medicine Chapel Hill Campus offers underrepresented in medicine scholarships for visiting student electives in Anesthesiology, Dermatology, Emergency Medicine, Family Medicine, Internal Medicine, Neurology, Neurosurgery, Obstetrics and Gynecology, Ophthalmology, Orthopaedics, Otolaryngology – Head and Neck Surgery, Pathology and Laboratory Medicine, Pediatrics, Physical Medicine and Rehabilitation, Psychiatry, Radiology, Radiation Oncology, Surgery and Urology. Learn more about this opportunity.
University of Pennsylvania - The Department of Emergency Medicine at the University of Pennsylvania offers a funded visiting clerkship program. Learn more about this opportunity.
University of Utah - The University of Utah School of Medicine offers funded visiting clerkships and residency travel stipends for students underrepresented in medicine. Interested applicants may contact email@example.com.
University of Washington - The University of Washington offers scholarships for underrepresented in medicine students interested in electives in Emergency Medicine, Family Medicine, Infectious Disease, Internal Medicine, Pediatrics, Psychiatry, Surgery , Radiology and Urology. Learn more about the Family Medicine, Infectious Disease, Internal Medicine, Pediatrics, Psychiatry, Surgery and Radiology opportunities. Applicants interested in the Emergency Medicine opportunity may contact Alexis Rush at firstname.lastname@example.org. Learn more about the Urology opportunity.
University of Wisconsin Madison - The Department of Surgery at the University of Wisconsin Madison offers an Underrepresented Minority Visiting Elective Scholarship program. Learn more about this opportunity.
Wake Forest University - Wake Forest University School of Medicine offers a scholarship clerkship program to promote diversity in Anesthesiology, Emergency Medicine, Family and Community Medicine, General Surgery, Plastic Surgery, Obstetrics and Gynecology, Pediatrics, Neurosurgery, Dermatology, Neurology, Otolaryngology, Psychiatry, Orthopedic Surgery, Urology, Nephrology and Radiology. Learn more about this opportunity.
Washington University in Saint Louis - The Office of Diversity Programs at Washington University in Saint Louis offers funded visiting electives. Learn more about this opportunity.
The Department of Obstetrics and Gynecology at Washington University School of Medicine and the Mentored Training in Clinical Investigation program offer four positions designed to strengthen the links between women’s health research and traditional epidemiology. Interested applicants should contact the principal investigators, Dr. George Macones (email@example.com) and Dr. Jeffrey Peipert (firstname.lastname@example.org).
Yale University - Yale University School of Medicine offers funded visiting elective/rotations for underrepresented minority students in Emergency Medicine and Pediatrics. Learn more about the Emergency Medicine opportunity. Learn more about the Pediatrics opportunity.
Detroit Area Community Resources - https://socialwork.wayne.edu/coronavirus/resources
Child Care - Resources
University-Based, Low Income Housing - Resources
- Neighborhood Legal Services (Homelessness Prevention and Rapid Rehousing Program): 313-964-1975
- United Community Housing Coalition: 313-963-3310
- Southwest Solutions: 313-963-6601
- Community and Home Supports: 313-964-2566
- Detroit Housing Commission - Resources
Utility Bill Assistance
- DTE Case Management – 800-545-8064
- Friendship House – 313-871-7443
- Heat and Warmth Fund – 800-866-8429
- Community and Home Supports – 313-964-2566
THE RED CROSS IS AVAILABLE TO YOU 24 HOURS A DAY, 7 DAYS A WEEK!
IF YOU NEED EMERGENCY ASSISTANCE FROM THE RED CROSS, CALL: 1-800-774-6066
United Way (Dial 411)
The W Food Pantry supports currently enrolled Wayne State students by providing resources (i.e. non-perishable food, toiletries, and feminine hygiene items) to reduce food and other insecurities they may face. With the help of students, faculty and staff, and WSU community volunteers as well as our donors we are able to continue to fulfill our mission of enhancing student success.
Budgeting/Financial Wellness Resources
Warrior SMART - https://wayne.edu/financial-aid/resources/wsmart
GreenPath Financial Wellness - https://www.greenpath.com/realstories/episodes/budgeting/
AAMC Financial Wellness - https://aamcfinancialwellness.com/
Transitioning to Medical School - https://students-residents.aamc.org/financial-aid-resources/transitioning-medical-school-financial-tips
- Record Keeping - https://students-residents.aamc.org/financial-aid-resources/debt-management-relies-good-record-keeping
- Money Management - https://students-residents.aamc.org/financial-aid/money-management
- Taking Control of Credit Card Debt - https://students-residents.aamc.org/financial-aid-resources/taking-control-credit-card-debt
- GreenPath Debt Management - https://www.greenpath.com/blog/college/student-loan-counseling/
Debt Management Curriculum - https://canvas.wayne.edu/enroll/DXCFJM
Repayment Assistance, Forgiveness, Service Opportunity Programs
AAMC/Association of American Medical Colleges - https://students-residents.aamc.org/financial-aid-resources/repayment-assistance-through-forgiveness-scholarships-or-service
USPHSCC - https://usphs.gov/
Centers for Disease Control – https://jobs.cdc.gov/index.html
National Institutes of Health – https://www.lrp.nih.gov/
National Health Services Corps – https://nhsc.hrsa.gov/
California State Repayment Program - California State Loan Repayment Program (SLRP) - HCAI
MedSend (Faith Programs) - MedSend
AAMC Search Database - Loan Repayment/Forgiveness/Scholarship and Other Programs (aamc.org)
Military Programs - https://www.medicineandthemilitary.com/
Army National Guard Programs - https://www.nationalguard.com/amedd
US Department of Veterans Affairs - https://www.va.gov/
- EDPR - https://www.vacareers.va.gov/Benefits/EducationSupport#repay
- SELRP - https://va-ams-info.intelliworxit.com/selrp/
- HPSP - https://va-ams-info.intelliworxit.com/hpsp/
Federal Public Student Loan Forgiveness - https://students-residents.aamc.org/financial-aid-resources/public-service-loan-forgiveness-pslf
Federal Loan Repayment Programs
Federal Student Loan Program - https://studentaid.gov/h/manage-loans
- Student Loan Repayment - https://studentaid.gov/manage-loans/repayment
- Complete Exit Counseling? - https://studentaid.gov/exit-counseling/?counselingType=exit
- How to Make a Student Loan Payment? - https://studentaid.gov/manage-loans/make-payment
- Update Contact Information for Federal Student Loans? - https://studentaid.gov/fsa-id/sign-in/landing?redirectTo=%2F
- Who is My Federal Loan Servicer? - https://studentaid.gov/manage-loans/repayment/servicers
- What is Loan Deferment and Forbearance? - https://studentaid.gov/help-center/answers/article/what-is-loan-forbearance-deferment
- What is The Grace Period for Federal Student Loan Repayment? - https://studentaid.gov/manage-loans/repayment#the-grace-period
- How do I decide which Payment Plan is Best for my Federal Student Loans? - https://studentaid.gov/loan-simulator/
- How do I choose a Payment Plan for my Federal Student Loans? - https://studentaid.gov/manage-loans/repayment/plans
- How do I Consolidate my Federal Student Loans? - https://studentaid.gov/manage-loans/repayment/plans#consolidate
- Where do I send my Federal Student Loan Payments? - https://studentaid.gov/manage-loans/make-payment
- How do I change my Repayment Plan? - https://studentaid.gov/help-center/answers/article/how-to-change-repayment-plan
Federal Student Loan Forgiveness
Understanding Loan Forgiveness - https://studentaid.gov/manage-loans/forgiveness-cancellation
Having trouble making Federal Student Loan Payments?
- Get Temporary Relief - https://studentaid.gov/manage-loans/lower-payments/get-temporary-relief
- Lower Monthly Payments - https://studentaid.gov/manage-loans/lower-payments
- Understanding Delinquency and Default - https://studentaid.gov/manage-loans/default
- Collections on Defaulted Loans - https://studentaid.gov/manage-loans/default/collections
If you have existing student loans from undergrad or grad school prior to medical school, will those student loans be in repayment over medical school? Federal Student Loans will go into in school deferment while you are in Medical School. If you have Private Education Loans you will need to contact your Lender to determine repayment options.
How can we apply for scholarships? Most Wayne State Endowed Scholarships do not require an application. You will receive an email with instructions to apply for the ones that require an application.
How do you recommend that students prepare for potential high inflation periods while still maintaining an emergency fund that can be used during those periods? The Office of Financial Aid sets the Cost of Attendance for the Academic Year according to Federal Regulation. Student can reach out to the Office of Financial Aid for possible adjustment requirements.
My question pertains to the money I earn in my gap year. Would it be smarter to put all the money into my budget over the four years, or to take out a portion and allow it to accumulate wealth in an investment? That is a decision you will need to make. If you will be utilizing Student Loans to pay for your Program and Living Expenses, remember they will accrue interest while you are enrolled, but do not require a payment. You may want to use the saving to reduce the amount of debt you will need to repay after graduation. If the Student Loan interest is higher than what you will earn in your investments, it may be better use savings.
Are there any pros and cons of a federal loan versus a private loan? Federal Student Loans are always the best option, due to the fixed interest rates, variety of repayment plan options, forgiveness programs, no payment requirements while enrolled in school and some do not require a credit check and loans that do are less strict.
Is there on-campus housing? Yes there is on-campus housing available. Please check out our website.
Follow-up on living in midtown. For someone who is Out of State how do students find roommates? Students connect on Social Media Pages and we assist based on requests during Financial Wellness Sessions.
On average, how many years after graduating from medical school do most students take to finish paying off their debt? We do not have an average due to each persons Financial Situation and Financial Goals are different. You will want to review the repayment options at https://studentaid.gov and determine which plan best meet your personal and financial goals. Remember paying off debt quickly will reduce interest charges and the amount you will repay, but select a plan that meets your personal budget.