MD Program Tuition and Financial Aid
MD Tuition and Financial Aid
The Office of Student Aid at the College of Medicine is here to assist you. We can help you understand your options, apply for financial assistance and make well-informed choices about financing your education.
Contact Us
If you have questions about financial aid, please contact the Office of Student Aid at 717-531-7052 or StudentAid@pennstatehealth.psu.edu.
Applying for Financial Aid
Most students in the MD program rely on financial aid to help pay for their education and housing expenses. In the 2022-2023 academic year, 90% of our students received some form of federal financial aid.
Sources of aid include:
- Loans: These include need-based university loans awarded by the Office of Student Aid and federal loans (Direct Unsubsidized and GradPlus).
- Scholarships: These include both merit- and need-based university scholarships awarded by the Office of Student Aid.
Financial aid application deadlines:
- March 1, 2025: First-year medical students
- April 1, 2025: Continuing medical students
Cost of Attendance
The cost of attendance is based upon educational expenses and modest, but adequate living expenses for the student.
Tuition
The College of Medicine has transitioned to a differentiated tuition structure with separate in-state and out-of-state medical student rates, which began in the 2024-25 academic year. In 2024-25, tuition increased 4% for Pennsylvania resident medical students, to $30,017 per semester, and 14% for all nonresident medical students, to $32,903 per semester.
Living expenses are estimated at the off-campus rate and will be updated once costs have been finalized based on living circumstances.
Tuition and fees are based on actual costs for the 2024-2025 academic year. Tuition and fees are subject to change based on approval from the Penn State Board of Trustees.
2024-2025
Disability insurance is required and the amount is based on the actual 2024-2025 academic year. This charge will be applied in full in the fall semester.
USMLE costs were estimated at the time the costs were determined. Changes in curriculum can alter the academic year in which a student will incur these costs.
Registered students are required to carry medical insurance. This can be purchased through the University (SHIP) for $4,005 for first-year students, or $3,665 for second- through fourth-year students for 2024-2025. These amounts will be included in the total cost of attendance in addition to the above outlined costs. Students have the option to purchase medical insurance on their own as long as it meets University requirements.