Outside Scholarships, Loans, & Loan Repayment Options
There are a number of private agencies and organizations that provide scholarship and low-interest loan assistance to medical students. The eligibility criteria and deadlines vary according to the guidelines established by the organization; these funds can be merit-based and/or need-based.
Pritzker's policy, if a student receives any outside award, is to replace or reduce loans. If a student receives an award from an outside source after a financial aid award has already been determined, he or she must notify the Office of Financial Aid in writing of the additional scholarship.
Following are some examples of the many outside scholarship opportunities available:
Scholarships awarded in amounts up to $5000 per year on the basis of academic performance, individual character, and overall merit. Preference may be given to candidates with military, Peace Corps, or other related experience. Students must reside in Illinois to be eligible, and special consideration will be given to students who have resided or currently reside in the Morris Hospital service area. Contact: Ginny Kelly at 815-705-1435. Deadline: postmark by May 30, 2013.
Achievement Rewards for College Scientists (ARCS) Foundation, Inc.
The ARCS Foundation, Inc., awards, based on recommendation by the Office of Medical Education, scholarships of up to $10,000 per year to exceptional students. Recipients must be U.S. citizens, demonstrate financial need, and have research experience. Awards are renewable with the recommendation of the Office of Medical Education and the approval of the ARCS Foundation Inc.
Offering scholarships for students residing in the hospital service area who will be attending school within the State of Illinois and pursuing an education in a health-related field. The specific area zip codes and more pertinent information can be found at www.advocatehealth.com/gshp/scholarships Applicants will be evaluated on the basis of attitude, education, leadership, citizenship, personality, and financial need. Applications must be postmarked by April 30, 2013.
A minimum of four scholarships of $1000 to $2500 each to needy medical students this academic year are being offered. Applicants are judged according to academic achievement, financial need, community service record and their views on the practice of medicine as expressed in their essays. Closing date for applying is February 28, 2013. Recipients will be notified by email before the end of April 2013. Awards will be presented at the society's annual banquet in Oakland California in May of 2013.
Information about the scholarship program and the application can be obtained at www.caps-ca.org/scholarship.html
The AAMC is soliciting nominations for the 2013 Herbert W. Nickens Award ($10,000), the Herbert W. Nickens Faculty Fellowship ($15,000), and the Herbert W. Nickens Medical Student Scholarships ($5,000 each for five recipients). These awards are presented to individuals who advance the education, societal, and health care needs of minorities in the United States. All nominations must be submitted to the AAMC's Diversity Policy and Programs by May 3, 2013. For questions, please contact Angela Moses at 202-862-6203, e-mail NickensAwards@aamc.org, or visit https://www.aamc.org/initiatives/awards.
Knights of Dabrowski Crusade for Education
Scholarships for students of Polish descent who are in need of financial aid may apply for a limited number of scholarships. Eligibility is based on documented financial need, academic performance, and community involvement. Other requirements: Student cannot be a member, family member, substantial contributor or a family member of a substantial contributor of the Knights of Dabrowski; student must be a Chicago Metro area resident for at least 4 years prior to application (proof required); student must be able to attend a scheduled interview and Awards Presentation Ceremony in the fall. Application Deadline is May 15, 2013. Contact for applications or information: Chet Wajda, 773-792-1800 or email at email@example.com
Educational scholarship funds from the Jewish Federation of Metropolitan Chicago are available for college and graduate students for the 2013-2014 academic year. Approximately $500,000 is available for Jewish students who are identified as having promise for significant contributions in their chosen careers, and are in need of financial assistance for full-time academic programs primarily in the helping professions. Legal domiciled in the greater Chicago metropolitan area, or in some cases, Cook County or Northwest Indiana. Refugees or asylees are encouraged to apply, as citizenship is not a prerequisite. Jewish Vocational Service administers the scholarship program and personally interviews all applicants before April 20, 2013 at one of its many offices throughout the Chicago metropolitan area. To apply, go to www.jvschicago.org/scholarship. For additional information or questions, contact the JVS Scholarship Coordinator at (312) 673-3444 or via e-mail firstname.lastname@example.org.
Application deadline: February 15, 2013.
The American Medical Association (AMA) Foundation invites medical schools to nominate up to 2 students from their institution for the 2013 Minority Scholars Award. This program awards $10,000 tuition assistance scholarships. The deadline for submission materials is April 15, 2013. Visit www.amafoundation.org/go/amafscholarships for more information. Contact: Dina Lindenberg, Program Officer at (312) 464-4193.
The Monash/Mitchell Service Scholarships are available to six (6) second- or third-year medical students who each receive $5,000 for conducting a community health elective rotation. Residency Scholarships are available to four (4) scholars who have completed medical school, matched as clinical residents in the Chicago area, and exhibit commitment to underserved populations; $25,000 is awarded to each and 80% must be used to decrease medical school debt. All candidates must be enrolled in an accredited Chicago medical school. The program seeks to support the commitment to medically underserved communities of future physician-leaders who remain in Chicago and who demonstrate financial need, outstanding academic achievement, leadership and potential for distinguished contributions to medicine. Applications for Service Scholarships and Residency Scholarships must be submitted to NMF by April 30, 2013. The online application will be available on our website www.nmfonline.org starting March 17, 2013. For more information please email Melissa Brito, Program Coordinator at email@example.com.
NMF awards need-based scholarships to first and second year students. Applicants must be a member of a minority group currently designated as underrepresented in the medical profession and must be U. S. citizens or permanent residents. Scholarship applications are available in March. For more information http://www.nmfonline.org/
The purpose of The Paul & Daisy Soros Fellowships for New Americans is to provide opportunities for continuing generations of able and accomplished New Americans to achieve leadership in their chosen fields. The Program is established in recognition of the contributions New Americans have made to American life and in gratitude for the opportunities the United States has afforded the donors and their family. Each award is for up to $25,000 in maintenance grants and up to $20,000 in tuition support for each year of graduate study supported, a total of as much as $90,000. The deadline for submission of completed applications is November 1.
Rock Sleyster Memorial Scholarship
Each medical school in the U.S. and Canada submits nominees of qualified candidates in accordance with the size of the third year class. Candidates must be U.S. Citizens and about to enter the senior year. Scholarship, financial need, and demonstrated interest in psychiatry are considered by the student's school in submitting nominees. The amount of the award is $2,500. Applications must be submitted no later than May 1. Students interested in being considered should notify the Office of Financial Aid.
The Wellsford and Mildred Clark Medical Memorial Scholarship
Scholarships are granted upon application to those students who seem best to satisfy the requirements in the amount of up to $20,000. Review of the application and the selection of winners has been assigned to the Waterbury Medical Association. The scholarship requires that applicants must be residents of Connecticut for five years, third year medical student, be currently enrolled in a not-for-profit medical school accredited by the AMA and/or the World Health Organization, have demonstrated financial need, academic excellence, extracurricular interests and community service, and letters of recommendation.
For application information, please contact Phyllis R. Darby, Executive Director, Waterbury Medical Association, Bloomfield, CT at 860-243-3977.
Peter V. Westhaysen Medical Education Trust Scholarship
Applicants must fulfill the following standards: enrolled in a full-time program for training as a medical doctor, must demonstrate outstanding scholastic ability, demonstrate financial need, and be a resident of Lake County, Indiana. Application deadline is June 1, 2013. Contact: Misty Schwartz at 219-853-3533.
We also encourage you to actively seek out other scholarships for which you may be qualified.
Loan Repayment Options
The National Health Services Corps loan repayment option is a federal government program open to medical students who agree to practice full-time for at least two years or part-time for four years an NHSC-approved site. The NHSC was recently recently revised to include:
- Increased Financial Support. The Corps' loan repayment program now begins with an initial award of up to $60,000 for two years of service. You may receive up to $170,000 in loan repayment for completing a five-year service commitment and, with continued service, may be able to pay off all eligible student loans.
- More Flexible Options to Complete Your Service. The loan repayment program now offers three options for fulfilling your service obligation - a two-year full-time contract, a four-year half-time contract, and a two-year half-time contract.
- Increased Credit for Teaching. The service obligation for clinical practice hours has been updated to include a 20 percent credit for teaching and a 50 percent credit for teaching at a Teaching Health Center.
- Contact: NHSC.hrsa.gov for more information or to begin the application process.