Cost of Attendance & Student Budgets

Financial Services > Cost of Attendance & Student Budgets

The cost of attendance represents an estimate of what the College of Medicine, in cooperation with the University, has determined to be reasonable expenses that a student might incur while attending school for an academic year. The cost of attendance is significant because it limits that amount of total financial aid a student can receive to meet their expenses.

The Office of Student Financial Services strongly encourages students to determine their own cost of attendance (expenses) at the beginning of EVERY school year by creating a budget plan. By doing so, students will be able to determine if their expenses are greater or less than our estimated cost of attendance.

As part of the Student Affairs Lecture Series, the Office of Student Financial Services has developed a budgeting presentation entitled “Budgeting Made Simple” to illustrate how you can complete a monthly budget plan. Further general information about medical school expenses and budgeting can be found at the Association of American Medical Colleges (AAMC).

If after completing a budget plan you determine that your expenses are greater than our cost of attendance, please email our office at medfinaid@osumc.edu . We can then discuss what, if any, possibilities exists for increasing your cost of attendance to allow for additional loan funding. When you email, please attach a copy of your monthly budget plan.  

Non-Ohio residents who wish to become residents of the state of Ohio can submit an application to the University Registrar's office. In general, married students whose spouse has gained Ohio employment can obtain in-state residency during their first year of medical school. Unmarried students are eligible to apply once they have financially supported themselves for one full year. For specific information on how to obtain in-state residency, please visit the Registrar's residency web page.

View last year's cost of attendance information

*Students can be fully reimbursed with loan funding for the cost of these expenses. Please email our office to request an appeal form. Once you return this appeal form and a copy of your receipt, you will receive an email with instructions on how to take out additional loan funding. The cost of these expenses for the 2008-2009 school year are:
USMLE Step 1 = $495
USMLE Step 2 = $1550