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Financial Aid

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Financial Aid Timeline

January

  • Second disbursement for loans and student refunds.
  • Free Application for Federal Student Aid (FAFSA) can be filed after Jan. 1st. It is recommended that students complete their taxes prior to completing the FAFSA on line at www.fafsa.ed.gov.

February

  • FAFSA should be filed by Feb. 28th for newly admitted students to be considered for maximum aid for their eligibility cohort. Parental information must be included on the FAFSA (no parental signature needed) for consideration for University Scholarships and Loans including the Perkins Loan.

March

  • Look for scholarships
  • Check credit report.

April

  • Award letters will be mailed to accepted students by the end of the month. Students admitted thereafter will be mailed a letter upon their acceptance of the offer of admission.

May

  • Students admitted for the current year should have chosen a lender and completed their Master Promissory Note for Stafford Loans and Promissory Note for alternative loans if applicable.

June

  • Report outside scholarship sources to Student Aid Office.
  • Plan for start-up expenses.
  • Develope spending plan for medical school.

July

  • Begin packing for move to medical school.

August

  • Fall semester bills will be emailed by the Bursar's Office to incoming medical students.
  • Incoming students will be required to complete an entrance interview.
  • Confirm your registration for fall semester on eLion or by paying spring semester bill.
  • Stafford and alternative loans first disbursement and refund to students.

September - October

  • Review spending plan and adjust spring financial aid if necessary.

November

  • Spring semester bills will be emailed by the Bursar's Office.

December

  • Confirm your registration for spring semester on eLion or by paying your spring semester bill.

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Penn State Milton S. Hershey Medical Center ©2004
This page was last updated on April 10, 2006
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