Applying for Institutional Funds


A limited amount of institutional funds are available to M.D. students based on financial need. All M.D. students are required to submit parental information to be considered for institutional financial aid. The Student Financial Aid Office requires information about your family's financial situation, regardless of your dependency status, so we can make intelligent decisions about the equitable distribution of financial aid resources. If all students were "independent," we would be unable to determine who came from a family that has been historically, economically disadvantaged.

Students who miss the Financial Aid deadline of March 15, 2017 may be considered for Institutional grant aid, only after awarding all eligible students who honored this deadline, should funds be available. Submitting requested parent income information, after the deadline, does not guarantee that you will be considered for Institutional grant funds.

Students accepted for admission after the March 15, 2017, Financial Aid deadline will be granted 14 business days to submit all required documentation. Files completed within the 14 day timeframe will be reviewed to determine eligibility for Institutional grants/scholarships (Need based aid).

If you do not wish to be considered for institutional funds and/or feel you will not qualify for these funds, then you should only fill out the "Student's" section of the FAFSA Form. YOU DO NOT NEED TO FILL OUT THE PARENT'S SECTION OF THE FAFSA.

An important financial aid concept is the family, to the extent it can contribute, has primary responsibility for financing the cost of the student's education. We consider parental (and spouse's, if applicable) income information on all (includes technically independent students) M.D. students.

In estimating the amount your parent(s) are able to contribute to your educational expenses, their income, assets, debts, family size and number of family members in college are considered.

Students working part-time are expected to contribute toward their educational expenses. Their spouse's income and a portion of any assets including equity in real estate, stocks, bonds and other securities; business and farm equity; cash, and bank account is considered a resource.

 

Instructions for Applying for Financial Aid

Please use the following steps below to guide you through the process.

STEP 1: REVIEW REQUIRED DOCUMENTS AND COMPLETE THE TITLE IV FUNDS AUTHORIZATION FORM

Entering students or first time aid recipients must submit all required documents:


STEP 2: SELECTIVE SERVICE CERTIFICATION


Male students must submit this certification if selected for verification by the Department of Education. Click here to complete.


STEP 3: FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)

Please Note: Beginning with the 2017-18 FAFSA, applicants must provide income from the prior tax filing year. This means that the 2017-18 FAFSA data submitted (students and spouse/parents, if applicable) should reflect 2015 income, not 2016.

Any student applying only for the Federal Unsubsidized Stafford Loan, Graduate PLUS Loan, or the Alternative Loan Program should complete the Student Section of the FAFSA ONLY! Complete the appropriate section of the FAFSA Form at www.fafsa.ed.gov. Our school code is G24821.

Expected Family Contribution (EFC): EFC is based on the FAFSA Form computerized analysis of income and asset information that the family provides on the form. It is an estimate of the dollar amount you and your family are expected to contribute toward your education. This information is used to determine your eligibility for institutional financial aid only.

FSA ID:  An FSA ID  is needed to apply for student aid through the FAFSA website. 

Parent Section: This section of the FAFSA Form must be completed only if you wish to be considered for institutional funds (i.e., MSM grants, SDS, or Primary Care Loans).


STEP 4: FEDERAL INCOME TAX RETURNS

You must forward signed and dated copies of your parents/step-parents* completed 2015 Signed Federal Income Tax Return forms.

*Only applies to applicants seeking institutional funds for the M.D. Program.

Parent(s) Non-Filer form: If any of the persons listed above are required to submit tax returns, have neither filed nor intend to file a 2015 Federal Income Tax Return, they must complete a "Non-filers Certification Form" (W-2 forms and 1099 forms must be submitted to verify all taxable and untaxable earnings, interest income payments, annuities, etc.). 

When the FAFSA data is compared with the official 2015 IRS Form 1040, or 1040EZ that is filed by you and your family, the financial information must agree. If there are any errors, this will delay your financial aid process and it will take longer to determine your eligibility and receive institutional and federal student aid.


STEP 5:
 DIRECT LOAN

NOTE: First, log onto studentloans.gov. Complete the Federal Stafford Unsubsidized loan Master Promissory Note (MPN) and the Graduate Entrance counseling session. The Graduate Plus loan application and credit check are also required, but not prior to June 1, 2017. Credit checks for this loan expire within 180 days after completion. Submission of any additional credit checks could result in a denial if adverse changes exist on your credit report. Entering students with a complete file status should submit the loan application/credit check June 1, 2017, through June 12, 2017.  Students will have an opportunity to submit the on-line loan documents after this timeframe depending on your file status.  


STEP 6: SUBMISSION

DEADLINE DATES FOR ENTERING STUDENTS 

  • Entering MD students: March 15, 2017 
  • Entering GEBS students: June 9, 2017 
  • Entering MPH students: June 9, 2017


Morehouse School of Medicine 
studfisc@msm.edu 
Student Fiscal Affairs Office
720 Westview Drive, SW 
Atlanta, Georgia 30310-1495

Note: Please include your name, address, and telephone number, on all documents and forms that you submit to the Student Fiscal Affairs Office.

If it is necessary for the Student Fiscal Affairs Office to clarify or verify any information you have provided, other forms requesting additional information will be sent to you. In the event you receive these forms, please complete and return them promptly so that we may determine your eligibility for financial aid.

Financial aid files will be considered incomplete until all requested information is received. Students who fail to follow the above instructions and do not submit the required information by the established deadline dates will not receive priority consideration for institutional funds.

Funds may not be disbursed prior to registration.