D. program funded by the federal government's National Institute of General Medical Studies. MSTP grants are awarded to schools, which then select the students and administer the programs. Nationally, only about 150 new MSTP positions are available each year. Most schools provide preliminary information around the time of the interview. Final awards usually are mailed to accepted applicants in the late spring, after they have completed their needs analysis forms.
Loans are the most common form of financial aid in medical school.
Helpful information on financial aid can be found in the MSAR and at the sites listed on the Internet Resources page. Unpaid bills or late payments can ruin your credit rating, preventing you from obtaining loans. In past years, some medical schools have rescinded offers to students found to have bad credit ratings. Check your credit status, since your report may contain errors that could cause problems. You can obtain a copy of your credit report from companies such as TRW Information Services, Equifax Credit Services or Trans Union Credit Information.