Tuition Payment Policies
Tuition payments can be made by personal check, bank draft, or money order payable to Icahn School of Medicine at Mount Sinai (or ISMMS).
For programs on the semester calendar, payments must be paid in two installments: at registration in August and again by the 10th of January.
For programs on the trimester calendar, payments must be made in three installments: at registration in August, by the 10th of January, and by the 10th of April.
Tuition payment plans and credit card payments can be arranged through an independent company, Tuition Management Systems. For information, call 800-356-8329 or visit their website.
All financial obligations must be cleared within two weeks of the start of classes for each term. Students, who have not cleared their accounts, will not be allowed to register, attend classes, receive a transcript or letter of recommendation, have academic credits certified, be granted a leave of absence or special matriculation status, receive other student services, or have a degree conferred.
Beyond the penalties above for not clearing all financial obligations, beginning on the first day of October and the first day of February of each semester, a one percent per month surcharge will be added to a student's account for any tuition, fees, or other charges for which payment or payment arrangement has not been completed. At the end of each academic year, outstanding balances are forwarded to an external collection agency.
In addition, students should be aware that federal financial aid cannot be applied towards outstanding debts from the previous academic year. All aid must be applied for the academic year in which it is awarded. Financial Aid will not be awarded to students who have outstanding balances (Tuition, Fees, Housing, and Insurance) from the previous academic year.
Tuition is not refunded upon dismissal, complete withdrawal, or transfer, but will be prorated based on the official date of complete withdrawal/dismissal on a decreasing percentage basis as follows for each term:
- 1st week of term: 100%
- 2nd week of term: 75%
- 3rd week of term: 50%
- 4th week of term: 25%
- After 5 weeks no refund will be possible
MD students planning to take a year off to do research must have all arrangements completed and their research proposals approved by the Medical Student Research Office prior to the start of the Fall Term.
Repetition of Course Work
Graduate students repeating course work are required to pay the course tuition in effect at the time of repetition.
An MD student permitted to repeat deficient work must pay tuition and other regular fees in effect at the time of repetition.
Office of Financial Aid
One Gustave Levy Place
New York, NY 10029
ISMMS FAFSA Code
Returning Students: May 1
Incoming Students: June 15