Costs and Financial Aid

PA school is a major investment, and we understand that you may have questions and concerns about financing your education. We are here to help you explore your options for financial aid and connect you with resources.

PA Program Tuition and Fees

Physician Assistant Student Cost of Attendance 2019-2020

	First Year	Second Year
Tuition	$41,457	$41,457
Books and Equipment	$1,600	$1,600
Professional Exam	-	$476
Drug Test	-	$70
Food	$5,760	$5,760
Health Insurance	$3,847	$3,847
Lodging	$8,400	$8,400
Miscellaneous	$2,160	$2,160
Student Fees	$5,000	$2,250
Transportation	$2,920	$3,240
Loan Fees	$2,520	$2,440
Utilities	$3,540	$3,540
Total Winston-Salem Students	$77,204	$75,240
Boone Allowance	$1,012
Boone Cost of Attendance	$78,216

Physician Assistant Studies Program tuition and application fees effective with Fiscal Year 2020:

1st Year and 2nd Year 1st Year Student Fee 2nd Year Student Fee Application Fee Visiting Student Application Fee	$41,457 $5,000 $2,250 $100 $400

Additional Allowable Costs

With appropriate receipts, the following expenses may allow for an increase in COA:

Childcare expenses
Automobile repairs that are not considered routine maintenance
Health care and dental expenses not covered by insurance that are deemed to be extraordinary and unanticipated

How is Cost of Attendance determined?

Cost of Attendance is the total amount of aid, including scholarships, grants and loans, that you are eligible to receive for the entire year. The Cost of Attendance is derived based on living expenses in the Winston-Salem area and information from student surveys. The amount provided each year allows a Wake Forest School of Medicine student to live comfortably alone, not luxuriously. Cutting costs in any way, including getting a roommate, budgeting money for food and other expenses, and living as frugally as possible are recommended.

It is not required that you accept the full Cost of Attendance each year. The amount you accept is flexible. You are allowed to return funds if you accept too much or request more if you run short as long as you stay within the Cost of Attendance.

Scholarships

Service Commitment Scholarships

National Health Service Corps
- Scholarship Program (while in medical school)
North Carolina Forgivable Education Loans for Service (FELS)

View AAMC’s listing of programs in other states.

Apply for Financial Aid

Need-Based Scholarship Application Process

Application Submission
FAFSA Available	October 1, 2018
FAFSA Deadline	March 1
Award Notification
Financial Aid Award Letters Emailed	Between April 10-25, 2019
Federal Loan Disbursement Dates (Refunds to students are direct deposited within 14 days of disbursement date)
PA1-B - Summer 2018	May 29, 2018
PA1 - Summer 2018	May 29, 2018
PA2 - Summer 2018	May 7, 2018
PA1-B - Fall 2018	September 4, 2018
PA1 - Fall 2018	September 4, 2018
PA2 - Fall 2018	August 20, 2018
PA1-B - Spring 2019	December 31, 2018
PA1 - Spring 2019	December 31, 2018
PA2 - Spring 2019	January 7, 2019
120 Day Federal Loan Excess Fund Return
PA1-B - Summer 2018	September 11, 2018
PA1 - Summer 2018	September 11, 2018
PA2 - Summer 2018	August 20, 2018
PA1-B - Fall 2018	December 17, 2018
PA1 - Fall 2018	December 17, 2018
PA2 - Fall 2018	December 3, 2018
PA1-B - Spring 2019	April 15, 2019
PA1 - Spring 2019	April 15, 2019
PA2 - Spring 2019	April 22, 2019

Step 1: Free Application for Federal Student Aid (FAFSA)

Wake Forest School of Medicine School Code: E00524

To qualify for federal student loans for the 2019-2020 academic year, complete the 2019-2020 FAFSA online after October 1, 2018. Completing the online form is faster and prevents many of the common errors associated with the traditional paper form.

Entering and returning students should submit the FAFSA no later than March 1.

After your FAFSA is processed, you will receive a summary of your information in your Student Aid Report (SAR). If you provide an email address, your SAR will be sent via email within 3-5 days. If you do not supply an email address, your SAR will be mailed to you about 4 weeks after you submit the FAFSA.

The SAR indicates your expected family contribution, which is used to determine your eligibility for federal student loans. The SAR also lists the information you reported on the FAFSA, so that you can check your information for accuracy.

If no corrections are needed, keep the SAR for your records. If you listed the WFUSM school code in the college release section of your SAR, we will receive your information electronically.

Step 2: What to Expect After Applying

It is your responsibility to ensure all information is received and on time. Please feel free to contact us at any time to check on the status of your file. You may email us at FinAid@wakehealth.edu.

Award notifications will be emailed in mid-April notifying you of your awards for both incoming and returning students. Be sure to add our FinAid email to your contacts to avoid your award letter going to your junk email box.

Once you receive your award letter, you will have the opportunity to accept, change or reject the awards offered. Submit your awards online within 14 days of receipt. The Office of Financial Aid will certify your eligibility for the loans you have accepted and send the certification to the Department of Education. Note: The total amount you accept will be divided into three equal disbursements.

For federal loans, you will need to read, complete and electronically sign your Master Promissory Notes (MPNs). AN MPN must be completed for the unsubsidized Stafford loan. If you also accepted the Graduate PLUS loan, you must complete a separate MPN. The MPN link is provided once you submit your financial aid. If you did not complete the MPN when you clicked submit during the accept award process, you will need to go to Federal Student Aid to complete the MPN process.

Another federal requirement is online entrance counseling located at the same site Federal Student Aid. Federal loans cannot be disbursed prior to both MPN and entrance counseling completion.

Awards are first applied towards tuition. If there is a remaining balance, a student should expect to receive a "refund" the first week of each term. Students are encouraged to sign up for direct deposit to ensure timely receipt of funds. (A refund issued in the form of a paper check can take up to 14 days for processing.) If current students are not enrolled in direct deposit or need to change banking information, you may do so through your PeopleSoft student account. If you need further instructions, please contact Student Financials at StudentFinancials@wakehealth.edu. Incoming students will receive an email approximately two weeks prior to orientation with instructions on enrollment.

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