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School of Dental Medicine

U.S. Student and Permanent Resident Financial Aid

Determining Financial Aid

The Financial Aid Office uses the following formula to determine eligibility for needs-based financial aid programs:

Student’s Cost of Education (Educational Budget)
– Parent Contribution (if applicable)
– Student Contribution
_____________________________________
= Student’s Financial Need

The student’s educational budget or cost of attendance is based on the annual billed charges for tuition and fees and indirect costs associated with the student’s attendance such as living expenses, books and supplies. Indirect costs are not billed by the school yet are considered part of the student’s cost of attendance thus financial aid can support those types of expenses. Note, however, that federal student financial aid regulations dictate what types of costs/expenses can be included in the student’s cost of attendance. To this end, the school does set a uniform living expense allowance for those living off-campus or with a parent or other relative (other than their spouse). Financial aid is meant to support the student’s costs associated with their attendance at TUSDM and is not meant to support the student’s spouse while enrolled. No student can receive financial aid in excess of their cost of attendance as determined by the school. Note that the living expense allowance is determined using a survey of currently enrolled students.

The student contribution (and that of their parents depending on the financial aid programs for which the student is applying) is based on the results of a federally mandated formula that considers student (and parent, if applicable) income from the prior year and the current value of their assets. The contribution figures are derived from the financial aid application materials the student (and parents, if applicable) is required to submit each year they intend to apply for financial aid. Students apply for financial aid annually. The information that is obtained from the annual application process will account for any changes in the family’s financial circumstances that may occur in any given year.

Parent contribution is only considered for programs that require a parent contribution to be used to determine eligibility. These programs include Tufts Loan, Tufts Grant, and Health Professions Student Loan (HSPL) and Loans for Disadvantaged Students (LDS). To determine eligibility for all other needs-based federal loan programs only the student contribution (as derived from their annual financial aid application materials) is used.

In the event that the student contribution as derived from the federally-mandated formula is considered unrealistic for the student, that student contribution can be “off set” with non-needs based financial aid programs. These include Unsubsidized Federal Direct Loan and Grad PLUS loans. It should be noted that private education loans are also non-needs based. As a result, qualified students can receive funding up to their cost of attendance as determined by the school with the assistance of non-needs based student loan programs. Merit scholarship is not based on financial need, yet, if awarded, it is considered part of a student’s financial aid package as is any other institutional scholarship, grant or loan or those provided by an institution other than TUSDM.

Based on the analysis of the financial aid application materials the Federal Student Financial Aid applicant submits, the Financial Aid Office will provide a Financial Aid Award Notification Letter providing the results of the needs analysis and recommended financial aid programs for which the student has qualified up to the student’s demonstrated financial need.

Financial Aid Programs for US Citizens and Permanent Residents

Students enrolled in the D.M.D. or D.I.S. programs who are US citizens or Permanent Residents of the United States can be considered for institutional needs-based grants and loans and other types of federal student loans. Postgraduate students who are US Citizens or Permanent Residents and who are enrolled in accredited post-graduate programs can be considered for federal student loans only to cover all or part of their yearly cost of education. Foreign students may apply for private education loans provided they have a qualified US Citizen or Permanent Resident act as co-borrower. Both foreign and domestic students can also qualify for merit-based financial aid.

Although students are considered independent from their parents by federal definition, certain types of federal and needs-based institutional grant and loan programs require parental financial information in order to determine eligibility. The following information provides a summary of the financial aid programs available to TUSDM students. Information on how to apply for the financial aid programs outlined in this section can be obtained in Financial Aid Application Forms and Cost of Attendance  for D.M.D. and D.I.S. Programs section of this website. Information as to how financial need is determined is provided in the section entitled Determining Financial Need above.