Tuition & Fees

WVSOM's current schedule of tution and fees is as follows:

  • $19,950 - In-state tuition
  • $49,950 - Out-of-state tuition

For more information, including recommended budget amounts, visit the Financial Aid section:

The Most Important Investment You Will Ever Make

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.

Applying for Financial Aid

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.

Loan Programs

  • Federal Perkins Loan: campus-based, federally-funded loan at a fixed interest rate of five percent (5%). Typical awards average $1000 per academic year based on need.
  • William D. Ford Federal Direct Loan Program: Subsidized Stafford – subsidized loan for up to $8,500 per academic year based on need. Interest rate is fixed at 6.8% with a loan fee of 1.0% and a rebate fee of .5%
  • Unsubsidized Stafford – a non need based loan for up to $42,722 minus subsidized Stafford loan amount. Interest rate is fixed at 6.8% and interest accrues from the date of the first loan disbursement. The loan fee is 1% with a rebate fee of .5%.
  • Graduate Plus Loan – federally insured loan at a fixed rate of 7.9% interest. Loan fee of 4% and a rebate fee of 1.5%. Interest accrues from the date of the first disbursement. Eligibility is up to the budget maximum less other aid.

Additional information on these loan programs is available at www.studentaid.ed.gov.

Scholarships

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.

  • Institutional and Privately Funded Scholarships: a limited number of scholarships are available through WVSOM
  • WVSOM Tuition and Fee Waiver Scholarships: reserved for a limited number of third and fourth year West Virginia residents who meet established criteria
  • Veterans Administration: students who are eligible for VA benefits should contact their Regional VA Office or the WVSOM Registrar's Office
  • Health Professions Scholarship Program: full scholarships awarded through a branch of the armed forces. Contact your local Armed Forces recruiter for more information
  • Federal Work Study: campus-based, federally-funded program, which allows students to work during the summer and part-time during the academic year. There is a community service component to this program.