MD/PhD Funding – Dean’s Scholarship
The Division of Graduate Medical Sciences provides an enhanced financial aid package for all MD/PhD candidates.
Funding for MD/PhD students is available in the form of a merit-based Dean’s Scholarship. The Dean’s Scholarship includes full medical school and graduate school tuition. In addition, MD/PhD students receive stipends during the PhD study years in accordance with the departmental PhD program.
Funding for the MD/PhD program breaks down as follows:
BUSM I & II (Years 1-2): Tuition covered by our enhanced financial aid package. This represents a scholarship of $55,456 based upon the 2015-2016 medical school tuition charges. The medical school fees and health insurance are not covered.
Please note: If a student withdraws from the PhD portion of the program, the scholarship must be repaid.
In addition to the above scholarships, students who participate in 8-10 weeks of research during the summer between the first and second year of BUSM may earn a $4,000 stipend, or alternatively, those who complete 4-5 weeks of research are eligible for $2,000.
Graduate/PhD studies (Years 3-6): All candidates are guaranteed both stipend and tuition. Tuition is covered by our enhanced financial aid package. This represents a scholarship of $47,422 based upon 2015-2016 graduate school tuition charges. The 2015-2016 Division of Graduate Medical Sciences graduate student stipend is $31,000/calendar year, increasing to $32,000 post qualifying exams. Health insurance and fees are covered during these years.
**The Biomedical Engineering Department graduate student stipend rate is $29,700/calendar year. In subsequent years, Research Assistants may expect salary increases as progress is made toward the degree.
BUSM III & IV (Years 7-8): When a student completes the dissertation requirements, including defending and submitting a thesis, he or she returns to the medical school curriculum. Tuition is covered by our enhanced financial aid package. This represents a scholarship of $110,912 based on the 2015-2016 medical school tuition of $55,456 and does not cover fees and health insurance.
TOTAL VALUE OF AID PACKAGE: Approximately $545,292 ($221,824 medical school scholarship and $323,468 graduate school scholarship, stipend, and health insurance based upon 4 years of PhD study).