Medical Student Awards

There are three categories of financial aid available at Icahn School of Medicine at Mount Sinai (ISMMS): Title IV Aid, Institutional Aid and Title VII Aid, and Merit-based aid.

Category 1: Title IV Aid

Title IV aid consists of Federal Stafford Loan, GradPlus Loans, Perkins loans, and college work-study. ISMMS is part of the Direct Loan Program. If you are eligible, there may also be limited work-study opportunities, but they are only available during the two summer months between academic years one and two and between years two and three. 

If you are solely interested in this type of aid you will need to file:

This aid takes into account your (and your spouse's, if married) income and assets. 

Category 2: Institutional Aid and Title VII Aid

Institutional Aid includes ISMMS need-based scholarships and loans, and Title VII aid (Super Primary Care Loans for graduating students specializing in primary care). ISMMS is part of the Direct Loan Program.

Need-based ISMMS scholarships are available for up to $32,000 a year, for a total of $128,000 over the course of the four-year MD program. To be considered for this category of aid, you must file the following forms and information.

The Icahn School of Medicine Institutional Application for Financial Assistance

  • Free Application for Federal Student Aid (FAFSA) (ISMMS code is G07026).
  • Signed federal tax returns, with W2s, from you, your spouse (if married), and your parents (if under 35 years of age).
  • Need Access form, which asks for information from you (and spouse, if married), and your parent(s)

ISMMS offers a Primary Care Loan Forgiveness Program for students intending to be primary care physicians. This program awards up to $20,000 a year, for a total of $80,000 over four years. We offer you the primary care loan forgiveness program at the time of admission, based on the submitted application. You must work in primary care for three years after completion of the program for the loan to be forgiven.  If you change your specialty from primary care to a different specialization, you will need to repay the loan after your residency program. This program does not require submission of FAFSA or Need Access forms.

Category 3: Merit Based Named Donor Scholarships

ISMMS offers merit-based, named-donor scholarships to a select number of new MD students at the time of admission. Your submitted application serves as all necessary paperwork for this assistance. Merit-based donor scholarships range from $5,000 to the full cost of attendance for four years.  Both merit-based scholarships and need-based scholarships may be combined, but will not exceed the full cost of attendance.

Deadlines for Application

The application deadline for continuing students is May 1st. If you are an incoming student, March 15th is the priority deadline to file. If you are an incoming student admitted from the waitlist after June, you have one month from the offer of admission to submit all required information. If you miss the priority deadline, you may be awarded scholarship funds only if those funds are still available.

Financial Aid Process and Awarding

Once you have been admitted to ISMMS and we have received all of your financial aid materials, we assess your financial need. We notify students of their financial aid awards by email, so you must have a current valid email address on record. After you start classes at ISMMS, we use your school email address for all official communications.

Once you receive your financial aid offer, you must choose to accept or deny it, and then you must follow instructions on the pre-matriculation admission website.

Please return the award letter and your completed Promissory Note to the following address:

Student Financial Aid Office
Icahn School of Medicine at Mount Sinai
One Gustave L. Levy Place
Box 1002
New York, NY 10029