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What Is Financial Aid?

Financial Aid consists of any combination of scholarships and government insured or private loans awarded to students to help cover the cost of attending medical school. A student may receive federal aid at only one post secondary institution at a time.

The University of Utah Spencer Fox Eccles School of Medicine and the Financial Aid Office assist students in meeting the cost of attending medical school through various scholarships and loans; however, it must be remembered that financial aid is supplementary to the contribution by the student and/or family. The student and family are expected to provide the maximum assistance possible.

Types of Aid or Packaging

"Packaging" is the term used to describe the combining and offering of funds from various sources to cover the student's cost of attendance. The total amount of aid a student may receive, which would include a combinations of loans, may not exceed the student's cost of education. The following are the descriptions of various types of available aid used in packaging at the University:

Unsubsidized Loans

Federal Direct Unsubsidized Student Loan

Lender: U.S. Department of Education
Interest rate during repayment for 2021-2022: 5.28%
Origination fee: 1.062%
Maximum amount for Fall and Spring Semester: $40,500
Grace period before beginning repayment: 6 months

Graduate PLUS Loan

Lender: U.S. Department of Education
Interest rate during repayment for 2021-2022: 6.28%
Origination fee: 4.248%
Maximum yearly amount: up to cost of attendance

Institutional Loans

School of Medicine Private Subsidized Loans*
Lender: University of Utah School of Medicine
Interest rate during repayment: 5.0%
Maximum yearly amount: $3,000 - $3,500
Grace period before beginning repayment: Residency

*Supplemental Application for Institutional Scholarships and Loans completion by March 15th required.

Primary Care Loans

Primary Care Loans are available through the University of Utah to medical students of exceptional need who are committed to careers as generalist physicians (i.e., family physician, general internist, general pediatrician) or specialist in preventive medicine/public health. Students will be notified by the Financial Aid Office when the application is available.


Main Campus Financial Aid Office
201 South 1460 East #106
Salt Lake City, UT 84112
Phone: 801-581-6211

School of Medicine Finanical Aid
Wendy Clark
27 S. Mario Capecchi Dr., Room #130
Salt Lake City, UT 84113

Walk-In Appointments in the School of Medicine:
Due to COVID-19, the Financial Aid is working remotely and are not offering walk-in appointments at this time.