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Student Financial Services
Meharry Medical College recognizes the importance of funding a professional school education. The primary responsibility of the Student Financial Services team is to manage all federal and campus-based student loan programs, and to receipt and disburse student aid in an accurate, efficient, and timely manner while complying with regulatory requirements. We are committed to serving each student by assisting to meet his or her financial needs in any way possible.
The Office of Student Financial Services consists of three units that provide a broad range of financial and related administrative support service to students. These units are: Student Financial Aid, Student Accounts Receivable and Student Campus-Based Loans.
Student Financial Assistance
Meharry Medical College offers grants, scholarships, loans, and federal work study to eligible students. Meharry participates in the student financial aid programs funded by the U.S. Department of Education, the U.S. Department of Health and Human Services as well as state and regional funding agencies. The College selects student financial aid recipients based on established criteria and demonstrated financial need. Most of the College's institutional scholarships are awarded based on outstanding academic performance.
Degree candidates that are U.S. citizens or eligible non-citizens are eligible to qualify for most federal student aid programs. Contact the Office of Student Financial Aid (615-327-6826) for additional information regarding the financial aid programs that are available at Meharry Medical College.
More
detailed information regarding student financial aid may
be reviewed at the College finance
website.
For more information contact:
Office of the Treasurer
Division of Finance
Meharry Medical College
Suite 505, Kresge Learning Resources Center
1005 Dr. D. B. Todd, Jr. Blvd.
Nashville, TN 37208
(615) 327-6220
Payment of Tuition and Fees
Every student who registers at Meharry Medical College incurs a financial obligation to the College. Tuition and fees are assessed at the point of registration and are the financial responsibility of the student. Tuition and fees schedules are located in the school sections of this catalog. Students ineligible for financial assistance in the form of Federal aid, Institutional aid, or Scholarships are considered as “Self-Pay” students.
Self-Pay students are expected to pay in full at the point of registration for the Fall semester and on or before the first business day of the Spring semester. Payment may be made by cash, credit card, check, or money order payable to Meharry Medical College. Payments should be remitted to the Office of the Treasurer 1005 Dr. D. B. Todd, Jr. Blvd. Nashville, TN 37208. Monthly invoices are mailed by the 15th, to the student address provided to the Office of Admissions and Records. Meharry assesses late registration fees of $100.00 for the first late day and $25.00 per day each day thereafter. Student accounts delinquent more than 90 days may also be placed with an outside agency for collection and are subject to additional costs of collection expenses and reasonable attorney fees.
Meharry offers a Deferred Payment Contract plan. The contract is semester based and must be approved by the Dean of the respective school. The deferred contract requires an initial payment of one-fourth of the balance due plus a $25.00 contract service fee. Contract participants who fail to make timely payments are assessed a $50.00 monthly late fee.
Students whose accounts are delinquent may become ineligible to register for subsequent semesters; receive grades, transcripts, and the withholding of diploma upon completion of degree requirements.
Disbursement of Aid
Financial Aid is disbursed to the student’s account ten days before the first day of classes each semester.
Disbursement of Excess Payments/ Living expense funds
Funds received in excess (living expenses) of the total tuition and fee charges for the semester will be disbursed (refunded) to the student within five (5) business days after the first day of class each semester. Disbursements may be in the form of a direct deposit or a check payable to the student. Direct deposit authorization must be submitted to the Office of Student Financial Aid.
Tuition Refund Policy
A student is entitled to a refund of tuition and fees by Meharry Medical College according to the following schedule if he/she meets the eligibility requirements.
- Fees: Fees are refundable in full on or before the last day of registration if a student officially withdraws from the college. After the last day of registration, there is no refund of fees. Students are not entitled to a refund of fees paid by third parties; such will be refunded to the agency concerned.
- Tuition: Refundable tuition for each semester shall be governed by the following schedule if a student officially withdraws from the college, from official registration in a course(s), or takes a leave of absence. Students on third party payments shall not be entitled to tuition refunds; such will be refunded to the agency concerned.
Period of Enrollment Refund Percent of
1st and 2nd week 80%
3rd and 4th week 70%
5th and 6th week 50%
7th and 8th week 25%
9th week and over 0%
Eligibility for Disbursement of Refunds
- Before refunding any tuition and fees, the office of the treasurer shall examine all student financial obligations to the College, i.e., tuition, fees, rent, bookstore, library, etc., as well as matured and/or past due emergency loans.
- Promised student financial aid cannot be considered in determining eligibility for refunds; therefore, requests for refunds can be approved only for the amount of cash receipts and/or other credits in excess or charges as shown in the student’s account.
- Disbursement forms are prepared by the Office of the Treasure upon official notification from the Office of Admissions and Records that a student has withdrawn from the college. Ten working days after an application for refund has been made, the check should be in the Treasurer’s Office for distribution.
- Lending agencies will be notified immediately of any change in student status.
Student Campus-Based Loans
The Meharry Medical College Student Loan Office is responsible for managing all federal campus-based loan programs. We are responsible for the management and collection of federal Perkins (NDSL), Health Professions Student Loans (HPSL), Loans for Disadvantaged Students (LDS), and Primary Care Loans (PCL).
The student account will not be credited with loan funds until the student has completed an entrance interview. Before leaving the College, a student is required to participate in an exit interview for these loan programs. Students who participate in any federal loan program are required to complete an exit interview.
The Student Financial Aid Office determines student eligibility for financial aid and awards all federal and campus-based student loans. Award notices are sent to the student by the Student Financial Aid Office, with instructions to go to the Office of the Treasurer to complete an entrance interview. Once the student completes all required documentation, and signs the promissory note, the campus-based loan funds are credited directly to the students’ account. If a credit balance is created, a refund is processed.
The Loan Office is also responsible for the collection of all campus-based loans. Once the borrower enters repayment, information and applications for deferment, forbearance, and cancellation can be obtained from our office. Loan Coordinators are available to provide repayment assistance including information about consolidation, and loan rehabilitation.
Scholarships
Each year a number of scholarships are awarded to incoming and continuing students. Meharry Medical College is dedicated to creating a rich and superior academic environment for each student. This environment is enhanced by the inclusion of students who are talented and represent a broad spectrum of society—cultural, social and economic. Honor Scholarships ordinarily continue through four years of study, as long as students maintain satisfactory academic performance. There is no application for Honor Scholarships. Selected students will generally be notified in late February or early March. General Scholarships are annual and may be awarded as funds are available. A list of scholarships for each school may be requested from the Office of Financial Aid. Additional scholarship information is available in the Office of Financial Aid and/or the Offices of Student/Academic Affairs in each school.
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