Cost of Attendance
The cost of attendance represents expenditures for an 8- to 13-month academic year at Quinnipiac’s Frank H. Netter MD School of Medicine. It also represents the maximum financial aid available, including scholarships and loans you may receive for that academic period. The 2020–21 budget adequately covers your tuition and fees, supplies, living expenses and transportation.
Keeping the annual cost of attendance in mind, you should construct your own budget for living expenses. This will assist you in tracking your expenses to better manage your money while in medical school as well as estimating your total cost and resources for the next four years. Creating a budget will give you an idea of the funding you’ll need and help you become more aware of the amount you will be borrowing in student loans.
The Office of Financial Aid uses federal guidelines to develop cost-of-attendance budgets. Consideration for budget increases related to child care costs, health care issues and additional credits must be requested in writing and should include appropriate supporting documentation. Listed below is additional information concerning the components of our cost of attendance.
Tuition: The annual tuition charge is $59,830.
Fees: Students are charged an $810 university fee as well as a $170 student government fee. In Medical Year 1 and 2, there is an additional $420 dining fee.
USMLE Exams: A one-time expense is allotted for the cost of taking the USMLE Step 1 Exam, the USMLE Step 2 CK Exam, and the USMLE Step 2 CS Exam.
USMLE Travel: A one-time expense is allotted for the cost of travel to USMLE Step 2 CS.
Living Allowance: The living expense portion of the budget (rent, meals, utilities and personal expenses) is listed for students who are living in an off-campus apartment as well as for those who are living at home with parent(s). These amounts are based on information from the Bureau of Labor Statistics (BLS) and the Consumer Price Index Urban (CPI-U) for the Northeast as of December 2018. The moderate Year 1, 10-month budget for both living situations does not include living expenses for the summer or other debt.
Transportation: This amount is based on data from the Consumer Expenditure Survey for the Northeast and reflects increases in the Consumer Price Index Urban as calculated by the Bureau of Labor Statistics. The transportation allowance does not take into consideration expenses related to owning a car or relocating to Connecticut.
Background Check Fees: A one-time expense is allotted for the cost of background check fees.
Loan Fees: They are based on a 1.059% origination fee charged on the average medical school total borrowed through the Federal Direct Unsubsidized Loans this past award period. Your overall individual costs will vary depending on lifestyle choices, number of roommates, proximity to campus, etc. The cost of rent in this area has increased in recent years, so living with a roommate may help to curtail expenses. Our academic year budget reflects the expectation that you will have at least one roommate.