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Computer Budget Adjustment We will allow an increase of up to $1,500 in your Cost of Attendance Budget for the purchase of a computer. You may use the computer budget adjustment at anytime during your four years of medical school. Once you have used your $1,500 allotment, we will not increase your budget for any more computer-related costs. Please note that we are not offering a specific type of loan to cover computer purchases. The application below serves only to request that your total Cost of Attendance (the total amount of financial aid that you can receive) be increased for the year. Once your Cost of Attendance has been increased, you will need to submit the appropriate loan application. The majority of students request additional Unsubsidized Stafford Loans to cover the cost of their computer purchase. However, our current Cost of Attendance for each class is very close to the federal annual limit on combined Subsidized and Unsubsidized Stafford Loans, so some students may have already been awarded the federal maximum in Stafford Loans for the year. So please be aware that even if we increase your Cost of Attendance Budget for the purchase of a computer, we CANNOT increase your Stafford Loans beyond the federal annual limit for your class year. Once you receive the maximum in Stafford Loans, your best option would be the Graduate PLUS Loan, but keep in mind that a credit check is involved with this type of federal loan or with any type of private loan. All computer purchases must be made within the academic year that you request the budget increase; however, we will approve receipts dated up to 30 days before the first day of class for incoming freshmen. Therefore, if your computer purchase was made prior to thirty days before registering as an incoming student, we cannot approve your request.
If you would like the Financial Aid Office
to increase your Cost of Attendance Budget to cover the cost of your computer, please
submit to us the following:
Note that Stafford Loans and Plus Loans are disbursed in two equal installments, the first half at registration (or within 2 to 3 weeks following the date you application is submitted if you submit your request after registration), and the second half at mid-term in January. So if you purchase your computer in the fall, you will not receive the full amount of your loan right away (unless you are receiving Primary Care Loans).
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