Financial Information

PAYING FOR YOUR CREIGHTON MEDICAL EDUCATION

Creighton University School of Medicine offers scholarships and financial aid to offset your cost of attendance and help you fund your medical education. Depending on your academic accomplishments and financial need, you might qualify for a scholarship or a federal loan.

Expand the sections below to learn more about your financial aid and scholarship options at Creighton.

Applying for Financial Aid

The first step in applying for financial assistance is to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA can be completed on the web any time after January 1.

Creighton University Federal Student Code: 002542

The FAFSA is signed electronically with a Personal Identification Number (PIN) that can be obtained from the U.S. Department of Education at pin.ed.gov.

Creighton does not require parental information to be included on the FAFSA unless you are interested in applying for a Primary Care Loan (PCL). Parental information is required for a PCL, even if you are a married student. If parental information is included on the FAFSA, it will not affect your eligibility for Stafford and Grad Plus Loans.

Once your FAFSA is completed and processed, Creighton’s Financial Aid Office will determine your eligibility for financial assistance. You will receive an award letter with information on how to access your Creighton NEST account to accept the financial aid you’ve been offered. Keep in mind that you do not have to accept all of the financial aid that has been offered to you. Prior to accepting any financial aid, you should have developed a spending plan for the year.

Scholarships

Institutional Scholarships 

Medical Dean’s Diversity Scholarship
The Medical Dean’s Diversity Scholarship is awarded to applicants who come from socio-educationally and/or socio-economically disadvantaged backgrounds and/or have demonstrated a strong continuous commitment to diversity through extracurricular activities and leadership roles. 

Applicants will be evaluated on the following criteria: 

  • Academic merit 
  • Socio-educational and socio-economic background 
  • Record of service to disadvantaged populations
  • Record of extracurricular and/or leadership experiences that have enhanced the diversity within an applicant’s institution and/or community 

The Medical Dean’s Diversity Scholarship is renewable based on the student’s successful promotion towards graduation and adherence to Creighton University School of Medicine’s academic and professional conduct standards. 

If you have questions about the Medical Dean’s Diversity Scholarship, please contact the Office of Medical Admissions. 

MedAdmissions [at] creighton [dot] edu 
402.280.2799
800.325.4405

Creighton Family Medical Scholarship
The Creighton Family Medical Scholarship is awarded to Creighton undergraduate students. No formal application is available for this scholarship, which is awarded based on academics, community service and leadership. Students admitted early have a better opportunity to receive an institutional scholarship. 

Magis Scholarship
The Magis Scholarship is awarded to the most competitive applicants.  No formal application is available for this scholarship, which is awarded based on academics, community service and leadership. 
Students admitted early have a better opportunity to receive an institutional scholarship. 
 

Service-Based Scholarships

National Health Service Corps
The National Health Service Corps (NHSC) offers a scholarship opportunity to students interested in pursuing primary health care training. Each year a student receives this scholarship, one year of service commitment is due to the funding agency in a health professional shortage area, with a minimum service commitment of two years. 

Eligible residency programs include: 

  • Family Medicine 
  • General Pediatrics 
  • General Internal Medicine 
  • Internal Medicine/Pediatrics 
  • Internal Medicine/Family Practice 
  • Obstetrics/Gynecology
  • General Psychiatry 
  • Geriatrics 
     

The scholarship award covers: 

  • Tuition and fees 
  • Reasonable educational expenses 
  • Monthly stipend 
     

Check out what physician recipients say about the NHSC Scholarship Program

Armed Forces Health Professions Scholarship Program
Each branch of the Armed Forces offers a service-based scholarship program. Like the NHSC scholarship, one year of service is required for each year the scholarship is awarded. There is a two-year minimum service commitment (three years for the Air Force). 

The scholarship award covers: 

•    Tuition and fees 
•    Health insurance 
•    Books 
•    Monthly stipend 

Additional information for the Army, Navy and Air Force can be found on their respective websites. 

Creighton Air Force Contact: SSgt Christian F. Arredondo, USAF. Email: christian [dot] arredondo [dot] 1 [at] us [dot] af [dot] mil

Loans

The William D. Ford Federal Direct Loan Program 

Creighton University participates in the William D. Ford Federal Direct Loan Program. Students will borrow Federal Direct Subsidized/Unsubsidized Loans and Federal Direct Grad Plus Loans directly from the Department of Education. 

All incoming first-year students must complete the Master Promissory Note (MPN) and online Entrance Counseling at studentloans.gov after accepting the financial aid offer in their NEST accounts.

Primary Care Loan (PCL) 

The Primary Care Loan (PCL) is a subsidized loan with a fixed 5 percent interest rate. The interest rate will increase to 7 percent if the student does not practice primary care until the loan is paid in full. 

The PCL is a need-based loan, and parental financial information is required if the student has been listed as a dependent on the parent’s tax return for at least one year of the past three years. The maximum amount that a student may borrow each year depends on the available funds. Repayment begins after a 12-month grace period and up to a four-year residency deferment. 

Federal Direct Unsubsidized Loans 

With a Federal Direct Unsubsidized Loan, the interest begins accruing on the day the funds are disbursed. Federal Direct Unsubsidized Loans disbursed on or after July 1, 2015 have a fixed interest rate of 5.84 percent. 

The maximum amount of this non-need based loan for which medical students are eligible varies by the current year of medical school. A first-year student is eligible to receive up to $40,500. The cumulative aggregate Federal Direct Subsidized and Unsubsidized Loan amount for a medical student is $224,000 (including undergraduates borrowing Federal Direct and/or Stafford Loans). 

For loans first disbursed on or after October 1, 2014, there is a 1.073 percent loan fee on the loan. Federal Direct Unsubsidized Loans have a six-month grace period upon graduation, dropping below half-time status or withdrawing from school before repayment begins. 

Federal Direct Grad Plus Loans 

The Federal Direct Grad Plus loan is a federal unsubsidized loan with a current fixed interest rate of 6.84 and a 4.292 percent origination fee. The maximum amount that a student may borrow each year is the cost of attendance less other aid (including scholarships, grants and loans) received. Federal Direct Grad Plus Loans disbursed on or after July 1, 2008 have a 6-month post-enrollment deferment period upon graduation, dropping below half-time status or withdrawing from school before repayment begins. 
 

Financial Aid FAQs

Q: Does Creighton University have a priority deadline?
A: Creighton encourages both new and returning students to complete the Free Application for Federal Student Aid (FAFSA) or Renewal Application by April 1.

Q: Do I have to reapply each year for financial aid?
A: Yes, all Creighton students are required to complete a FAFSA. We strongly encourage you to file for federal aid online.

Q: How will I receive my financial aid award?
A: All financial aid is credited by semester. One half of the yearly award will be applied toward assessed charges at fall registration, and the other half will be applied toward spring registration.

Q: How are student loan funds disbursed?
A: Stafford and Grad Plus Loan funds are disbursed by electronic funds transfer (EFT). All proceeds are automatically credited to the student’s account at the Business Office.

Financial Management Resources

AAMC First Facts for Medical Education offers helpful facts for every stage of your medical education. First Facts are one-page fact sheets written specifically for medical students and residents that shorten confusing or complex topics to the basics. You can also download the Education Debt Manager Guide from that site for information about student loans, repayment, budgeting, credit cards and establishing and maintaining good credit throughout medical school.

Within the School of Medicine, we know that students who make wise decisions about financial issues will have greater freedom in specialty choice and lifestyle throughout their professional careers. To that end, series of mandatory presentations are offered by the school. In addition, our financial aid coordinator is available for individual consultation.