Financial Aid

This website will provide you with a financial overview for the College Track and a Financial Aid Handbook (PDF) with more detailed information. The US Department of Education website is a good reference on financing an education in general. If you encounter questions that are not covered or concerns of a more personal nature, we encourage you and your parents to discuss them with the Financial Aid Office. We wish to assist you in solving any problems in meeting your costs at medical school, freeing you to concentrate on your academic pursuits.

Elizabeth Myers
Financial Aid Director

 

 

Mailing Address: Cleveland Clinic Lerner College of Medicine
Office of Financial Aid
9500 Euclid Avenue – NA21
Cleveland, Ohio 44195
Office Hours: 8:00 A.M. – 5:00 P.M.   M-F
Phone Numbers: 1-866-735-1912 or (216) 445-7170
E-mail: cclcm@ccf.org

Students enrolled in the College track receive a full scholarship covering tuition and fees.  In the 5th year of study or the year in which students do research, there will be a continuation fee equal to 5% of tuition; this is covered by the full tuition scholarship. Our goal is to assure that financial constraints do not preclude appropriate candidates from following their dream of becoming physician investigators.

Financing your medical education over the next five years can be very complex.  Listed below are items that should be considered thoughtfully.

Plan ahead
Discuss your situation with parents and other family members.  Make a realistic budget that minimizes the amount of money you need to borrow.  Be sure to think beyond the first year.

Utilize the services of the financial aid office
We have a great wealth of knowledge and are willing to assist you with many things from the best housing deals and how to save money to credit cards and scholarships.

Establish and maintain good credit
Be sure to use credit cards with NO annual fees, pay your bills on time and pay them off every month.

Recognize that your financial status is closely tied to that of your parents
In a rapidly changing economy, you must have contingency plans. Accept the fact that financial aid guidelines are dictated in most instances by external agencies, and that medical schools are obligated to abide by and enforce these guidelines in order to be able to provide, in an equitable manner, all available funds. It is the policy of Case School of Medicine to expect parents, to the extent of demonstrated ability, to contribute to the medical education of their children. For the purpose of establishing eligibility for institutional assistance, no medical student is considered to be financially independent of his/her family regardless of age, marital status, or the fact that he/she may have been self-supporting for a number of years.

Acknowledge that the cost of training a competent physician is enormous
Medical training is one of the most expensive forms of postgraduate training available in this country.  Your tuition and fees cover only 65% of the total cost of your medical education.  At a state medical school, taxpayers make up the difference.  Private medical schools receive some state and federal assistance, but most additional funds come from University or hospital allocations and contributions and private donations.



Please note: Due to the nature of federal, state and institutional guidelines governing the Office of Financial Aid Programs, the information contained here is subject to change without notice. Financial Aid is awarded without regard to race, creed, color, sex, age, national or ethnic origin or physical handicaps where need is indicated.

The entire school is centered around students becoming physician investigators; everything from financial aid to the small class sizes to the curriculum geared towards producing physicians with the utmost clinical and research abilities.
David Ly Class of 2010
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