Students who do not meet their institutional financial obligations in a timely manner are subject to withdrawal from the school. The cost of financing a medical school education at Georgetown is significant. Applicants are well advised to pursue alternative sources of funding before applying for financial assistance. Each year, approximately 80 percent of the student body pursues some type of financial assistance other than family support. The majority of this financial assistance comes in the form of educational loans.
Most students borrow from a variety of loan programs to finance their medical education.
As all graduate and professional students are considered independent by the federal government, students may apply for these loans without financial information from their parents as part of their application. All incoming applicants who apply for financial aid are expected to submit a copy of a recent personal credit history to the Office of Student Financial Planning as part of their financial aid application. This figure does not include any debt incurred prior to medical school. The educational debt incurred is obviously substantial and applicants are well advised to discuss any concerns regarding their borrowing with the Office of Student Financial Planning well in advance of matriculation. Students are encouraged to apply for financial aid, which is both awarded by and administered through the School of Medicine.