Financial Aid

How Aid is Disbursed and Bills are Paid

A breakdown of where the money goes, and instructions on how to pay.

Disbursement Schedule

The dates on which loan and scholarship funds will be posted to your student account are listed below. It will take at least 3-5 days for your refund request to be processed after disbursement. Please note that if you complete your financial aid application after the deadline date, delay your loan acceptance decision, or do not return your completed promissory notes in a timely manner, the actual disbursement dates for your funds may be later than these dates.  

  Year 1
MD '25
Year 2
MD '24
Year 3
MD '23
Year 4
MD '22
Fall Semester: Federal Direct/AMS Loans 7/26/2021 8/2/2021 7/1/2021 7/1/2021
Spring Semester: Federal Direct/AMS Loans 1/3/2022 1/3/2022 11/18/2021 11/18/2021
2020-2021 Tuition 63,110 63,110 63,110 63,110
2020-2021 Charged Fees 1,144 1,114 1,114 1,114
2020-2021 Health Insurance 4,559* 4,204 4,204 4,204

**Please note: At the time of publication, the First-Year, MD'25 Health Insurance is an  estimate.

How to Pay Your Bill

Medical students are billed twice each academic year on a semester basis. The fall bill is available in early July and payment is due August 1. Spring bills are available in December and payment is due January 1.

The billing process is paperless with on-line statements available at the Brown Payments website and the Self-Service Banner (SSB). Students may make payments, view billing information and may add authorized users to view their student account statement.

For detailed instructions, please visit the Bursar Office website. Billing questions should be addressed with the Bursar Office (401-863-2484 or via email.)

Refunds

Once funding has been credited to your Bursar student account and all Brown charges have been paid for the semester, your account may reflect a credit balance. Credit balances are intended to cover part or all living expenses for a given semester. The amount of your credit balance will depend upon the aid amounts you accepted.

Refunds are available electronically by completing a Refund Request Form and setting up the request to a US checking or savings account through the Brown Payments website.  Students should receive the refund in their bank account 3-5 days from the date the request form is submitted.

Budgeting Your Refund During Med School– 2021-2022

Academic Calendar

Year in Program Months of Registered Courses  Coursework Start Date Coursework End Date
M1 10 8/2/2021 5/27/2022
M2 11 8/9/2021 4/29/2022
M3 12 5/24/2021 4/22/2022
M4 12 5/24/2021 4/22/2022

Disbursement/Payment Examples

First Payment Period (July/August)

Second Payment Period (December/January)

50% Tuition & Fees Due

$33,627

50% Tuition is due

$33,627

100% Fees Charged Fall Semester*

$4,304

0% of Fees are due

0

50% Financial Aid is Disbursed (Example)**

$46,145

50% of Financial Aid is Disbursed (Example)**

$46,145

Refund (must budget this amount to live on until next refund)

$8,214

Refund (must budget this amount to live on until next refund)

$12,518

Total Yearly Disbursement = $8,214 + $12,518 = $20,732 ÷ 12 months = $1,727

Budgeting Your Yearly Expenses

Year in Program 1st Disbursement Date 2nd Disbursement Date Next Year's Disbursement Date
M1 7/26/2021 1/03/2022 08/02/2022
M2 8/02/2021 1/03/2022 7/01/2022
M3 7/01/2021 11/18/2022 7/01/2022
M4 7/01/2021 11/18/2022 N/A

* Some fees such as Health Insurance, Parking and the Records Fee are charged in the fall semester, other fees such as the Health Service Fee, Recreation Fee and Student Activity Fee are evenly charged, half of the total for the fall and the other half for the spring.

**The example uses an aid package up to cost of attendance of $92,290 for a M2 student. Remember to subtract the loan fees that are extracted from your accepted loan amount ($42,720 – 452 fee = $42,268 net) for an accurate refund figure.

Note: If AMS scholarship is part of your aid package, you may request that the scholarship disbursements be adjusted to even out disbursements each semester.