Sample Financial Aid Awards
Financial aid awards may include a combination of federal student loans, institutional loans, or institutional loans. Actual award amounts depend upon the cost of attendance for your class year, your assessed family contribution, and other factors.
Sample awards for the 2008-2009 year are provided below:
Sample Award Calculations for an MD '12 Student
| Institutional Aid Recipient: |
|
External Aid Recipient: |
|
|---|---|---|---|
Budget for Year I Student: |
$60,150 |
Budget for Year I Student: |
$60,150 |
Less Parent Contribution: |
$10,320 |
Less Parent Contribution: |
not applicable |
Less Student Contribution: |
$1,500 |
Less Student Contribution: |
$1,500 |
Financial Need: |
$48,330 |
Financial Need: |
$58,650 |
| Financial Aid Award: |
|
Financial Aid Award: |
|
Federal Subsidized Stafford Loan |
$8,500 |
Federal Subsidized Stafford Loan |
$8,500 |
Federal Unsubsidized Stafford Loan |
$11,400 |
Federal Unsubsidized Stafford Loan |
$33,660 |
Brown Loans |
$8,300 |
Graduate PLUS Loan |
$16,490 |
Brown Scholarship: |
$20,130 |
Brown Scholarship |
$0 |
Total Award: |
$48,330 |
Total Award: |
$58,650 |
Important Notes:
1. The parent contribution figure used in the institutional aid example represents the average parent contribution of all aid recipients in the 2007-2008 year. Parent contribution amounts are individually calculated and are based upon several factors, including parental income and assets, number of family members, number attending postsecondary institutions, and other factors.
2. The student contribution figure represents the standard contribution expected for students in the first and second years of medical school. Actual student contribution amounts may be higher depending upon the student's income, assets and other information.
3. Students may cover part or all of their assessed family contribution with additional loans, if necessary. Outside awards also may replace the family contribution.