The costs of medical education are indeed high; therefore, careful planning and fiscal management are essential to meet your future obligations. Our goal is to help you become an informed borrower and to provide a comprehensive system of financial assistance services. Our intent is to provide not only dollar support but also financial counseling and debt management planning services as well.
The WVSOM Financial Aid Philosophy statement suggests, we "expect that students will make every effort to finance their education". The Financial Aid Office will try to assist you with financing issues. Since scholarship and grant moneys are extremely limited, most students must secure outside educational loans to finance their education.
You should remember that a loan is not a gift or grant - it must be repaid.
Educational debt management is essential. We encourage you to learn some basic budgeting techniques, to learn to cut costs and possibly to learn to live with less. We encourage you to seek ways to creatively finance your education.
The high student loan debt of medical school graduates has been a hot topic in the news recently. It may reassure you to know that the default rate for WVSOM students over the past three years has remained below 1%. Not only are WVSOM graduates paying off their student loan debt on time, but WVSOM graduates continue to be in high demand among residency programs. Below you can see the residency match information for the most recent classes of graduates.
WVSOM Match Data
For additional information on the success rates of our students, please review our graduate data which also covers board exam pass rates.
WVSOM uses the Free Application for Federal Student Aid (FAFSA) as the official needs analysis document. The FAFSA along with the WVSOM Financial Aid Application must be filed yearly.
Additional information on these loan programs is available through the Federal Student Aid website.
A variety of scholarship opportunities are available to WVSOM students. The Director of Financial Aid provides information to those students who meet the specific scholarship requirements. You can also visit our Scholarship webpage for additional information.