Guide to Scholarships for Medical School

Share this article:
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Are Scholarships?
Scholarships vs Grants
Scholarships vs Student Loans
1. TYLENOL® Future Care Scholarship
2. OppU Achievers Scholarship
3. Herbert W. Nickens Medical Student Scholarship
4. Federal Employee Education & Assistance Fund (FEEA) Scholarships
5. Endowment for South Asian Students of Indian Descent (ESASID) Scholarship
6. Women in Medicine (WIM) Leadership Scholarships
7. National Italian American Foundation Scholarships
8. Hispanic Scholarship Fund (HSF) Scholarships
9. National Medical Fellowships’ Scholarships
10. White Coat Investor Medical School Scholarship
11. Dr. Howard R. Goldstein ’74 Memorial Humanitarian Scholarship
12. Pisacano Leadership Program Scholarship
13. Chinese American Physicians Society Scholarship
14. Dr. Richard Allen Williams Scholarship for Medical Students
15. Leslie Andree Hanna Medical Scholarship
Medical Schools That Offer Scholarships
1. Vanderbilt School of Medicine
2. Wayne State University School of Medicine
3. University of Missouri-Kansas City School of Medicine
4. New York University (NYU) Grossman School of Medicine
5. University at Buffalo Jacobs School of Medicine and Biomedical Sciences
Other Resources to Find Medical School Scholarships
Other Ways to Pay for Medical School
Medical School Loans
Healthcare Worker Loan Forgiveness
What to Do About Undergraduate Student Loans
For subprime borrowers, it might be difficult to refinance student loans with bad credit How long does it take to pay off student loans? It can take borrowers between 10 to 30 years to pay off federal student loans and five to 25 years to pay off private student loans What happens to student loans when you die is the debt might be discharged, although some private lenders may demand repayment from your estate
The Takeaway
3 Student Loan Tips
Refinancing your student loan can lower your monthly payments and help you adjust your loan term. Compare student loan refinance rates to find a loan that works for you. Paying extra each month on your student loan can reduce the interest you pay and so lower your total loan cost over time. (The law prohibits prepayment penalties on federal or private student loans.) Depending on their income, qualified borrowers can deduct the interest they pay for student loans, both federal or private, up to $2,500 per year. The deduction phases out for modified adjusted gross incomes of $70,000 to $85,000 for single individuals and $145,000 to $175,000 for people married and filing jointly.
Frequently Asked Questions
LCSL0622016
About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
Share this article: