12.1 Financial Aid/Debt Management Counseling/Student Educational Debt
A medical school provides its medical students with effective financial aid and debt management counseling and has mechanisms in place to minimize the impact of direct educational expenses (i.e., tuition, fees, books, supplies) on medical student indebtedness.
Supporting Data
Narrative Response
- Describe the staffing of the financial aid office used by medical students.
- Note if the financial aid office resides organizationally within the medical school or at another (e.g., the university) level. List the other schools/programs supported by financial aid office staff.
- Indicate the number of financial aid staff who are available to specifically assist medical students and the site(s) where they are located.
- Provide a description of the types of debt management informational materials provided to medical students and used by and financial aid counselors.
Schools with regional campuses should describe where/how this information can be accessed.
- Describe current activities at the medical school or sponsoring organization to raise funding for scholarship and grant support for medical students (e.g., a current fund-raising campaign devoted to increasing scholarship resources). Describe the goals of these activities, their current levels of success in obtaining the desired funding, and the timeframe for their completion.
- Describe other mechanisms that are being used by the medical school and the sponsoring organization to limit medical student debt.
Supporting Documentation
- The most recent LCME Part I-B Student Financial Aid Questionnaire (FAQ).
