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.
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 2019-2020 academic year, 90% of our students received some form of 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:
- Feb. 1, 2021: First-year medical students
- April 1, 2021: Continuing medical students
Cost of Attendance
The annual Cost of Attendance is not finalized until the University Board of Trustees establishes tuition charges at their annual July meeting. This website provides cost of attendance information for the current academic year. This information will be updated annually after tuition charges are established each July.
The cost of attendance is based upon educational expenses and modest, but adequate living expenses for the student.
Tuition in the MD program is the same for Pennsylvania and non-Pennsylvania residents.
Living expenses are approximately the same for on- and off-campus residents.
Please see the notes below the table for details on USMLE and health insurance expenses.
Tuition and fees are based on actual costs for the 2020-2021 academic year. Tuition fees are subject to change based on approval from the Penn State Board of Trustees.
Disability insurance is required and the amount is based on the actual 2020-2021 academic year.
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 $3,706 for first-year students, or $3,393 for second- through fourth-year students for 2020-2021. 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.