Scholarship Information
Baylor College of Medicine scholarships that recognize academic achievement and other non-financial need criteria are typically awarded to outstanding students when funds are available. Students are notified by the appropriate office once eligibility is determined. Merit-based scholarship eligibility is not determined by the Office of Student Financial Aid.
Information referencing outside scholarships is available for students to review in the Office of Student Financial Aid and the Student Commons Newsletter. You will also find scholarship information in the reference section of your local library. These scholarships are "gift aid" and are not repaid. Baylor College of Medicine awards them to medical students who are from a disadvantaged background and demonstrate need. Funding is limited and not guaranteed to be awarded every year. Students must apply annually. Parental data is required on FAFSA and US Tax Returns must be provided in order to be considered for these funds.
Students awarded a need base scholarship and later request a reduction in aid offers that should cover the full cost of attendance, will be re-evaluated. Proof of additional documentation is required as well an in-person interview in order to determine if the student is truly disadvantaged and eligible to keep or cancel the original scholarship offered. The Office of Student Financial Aid will contact students if this applies to them.
Generally, financial aid checks and e-refund deposits are disbursed at the beginning of each semester. All financial aid (loans, merit and need base scholarships awards) are first credited to each student's account to pay tuition and fee charges.
Once all charges are paid, any remaining credit will be refunded to the student to be used to pay for books, supplies and living expenses. Refunds are processed by the office of Student Account Services. Student may elect to receive refunds either by Direct Deposit or by check, mailed to the student’s home address of record. For questions about refund processing or to enroll in Direct Deposit, please contact Student Account Services at SAS@bcm.edu or by phone at (713) 798-4322.
If you are receiving VA educational benefits, your refund will be reviewed prior to issuance.Students receiving VA education benefits (Chapter 33/Post 9/11): The net cost of tuition and fees are assessed at Baylor College of Medicine after the application of any waiver of, or reduction in, tuition and fees; and any scholarship, or other Federal, State, institutional, or employer-based aid or assistance (excluding loans). These regulations are outlined in Public Law 111-377. You may read more about this on the Veteran Service section of the Registrar’s Office website.
Loans and Terms - HP and Graduate Students
Learn more about federal student loans, including current terms and interest rates at www.studentaid.gov. Remember, borrowed funds must be paid back, and the amount you borrow will impact your future lifestyle. Borrow only what you need!
All Federal Loans are submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
Loans and Terms - Medical Students
Learn more about federal student loans, including current terms and interest rates at www.studentaid.gov. Remember, borrowed funds must be paid back, and the amount you borrow will impact your future lifestyle. Borrow only what you need!
All Federal Loans are submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system. Institutional loans are submitted to HeartlandECSI, Inc. for processing and reporting and collections. The Institutional Loans for Medical Students document contains additional details.
Programs
The following financial aid programs are those most often utilized by students at Baylor College of Medicine. This list is not intended to be inclusive of all possible sources of financial assistance.
All Students
- Direct Unsubsidized Federal Stafford Loan
- Direct Federal Grad Plus Loan
- Baylor College of Medicine Emergency Loans
- Outside Alternative Loans
- Outside Scholarship Opportunities
Medical Students
- Baylor Institutional Loans (Excludes M.D./Ph.D. Students)
- Baylor Merit Scholarships
- Baylor Endowment Scholarships
- Primary Care Loan (MS 4 Only)
- Loans for Disadvantaged Students
- Federal Work Study
- Texas Medical Association Loan (MS4 Only)
- National Health Service Corps Scholarship (service commitment)
Health Professions Students
- National Health Service Corps Scholarship (service commitment)
- Federal Work Study
Graduate School of Biomedical Science Students
- Baylor graduate student benefits.
- Federal Work Study for Stipend Purposes
Every effort has been made to verify the accuracy of this information. Baylor College of Medicine reserves the freedom to change without notice, the rules, regulations and any other information published within this web document. This document is not to be regarded as a contract.
