Cost of Attendance
Additional Allowable Costs
With appropriate receipts, the following expenses may allow for an increase in Cost of Attendance:
- Childcare expenses
- Automobile repairs that are not considered
- Health care expenses not covered by medical
insurance that are deemed to be extraordinary and unanticipated.
- Residency interview/relocation funding
(4th year medical students only)
How is Cost of Attendance
Cost of Attendance is the total amount of aid, including
scholarships, grants and loans, that you are eligible to receive for the entire
year. The Cost of Attendance is calculated based on living expenses in the
Winston-Salem area and information from student surveys. The amount
provided each year allows a medical student to live comfortably alone, but not
luxuriously. Ideas for cutting costs include: getting a roommate, budgeting
money for food and other expenses, and living as frugally as possible.
It is not required that you accept the full Cost of Attendance
each year. The amount you accept is flexible. You are allowed to return
funds if you accept too much or request more if you run short, as long as you
stay within the Cost of Attendance.
The Cost of Attendance varies for each class. It is based on the number
of months the student is enrolled and the anticipated expenses of the student throughout the year. For example, there are additional transportation costs incurred during
third and fourth year.
How do I manage
The Office of Financial Aid is available to meet
with you one-on-one to talk about managing your disbursements. Due to
the strict amount allowed for each year, it is important that you have a
spending plan. There are many creative ways to manage these funds. For example, you might pay rent for the
entire semester when you receive your each disbursement.
Another way to make your money last is to deposit your disbursement into
a savings account and "pay" yourself monthly or bi-monthly. You could also download an app to your cell phone that tracks your spending.