Tuition and Aid

M.D. Program students in a roundtable discussion

We prioritize value and affordability

We understand the financial burden of continuing your education and obtaining your M.D. degree. We strive to create a student experience you won’t find elsewhere at an unbeatable value. Our goals are to:

  • Thoughtfully plan and allocate benefactor dollars to pass along value to students
  • Increase access to the medical profession for all prospective candidates regardless of their social or economic backgrounds
  • Attract the absolute best students to Mayo Clinic School of Medicine

As a result, and at the core of this priority, we want you to be able to choose a career based primarily on your interests, skills and aptitudes rather than financial considerations due to student debt. Because of this, we offer a variety of scholarships, grants and loans to reduce this burden.

Mayo Clinic School of Medicine uses parental income and asset data to award institutional scholarships. This is a practice consistent with most medical schools in the country. Scholarship awards are re-evaluated on an annual basis.

M.D. Program estimated budgets (2018-2019)

Estimated budget information is provided to allow you to completely prepare for your education. The estimated budget is the estimated cost of education-related expenses.

  • Flat tuition - this means tuition will not change in your four years of medical school. We do not increase our tuition due to inflation, and there are no additional charges.
  • Living allowance expenses include rent and utilities, food, personal and miscellaneous expenses, and transportation. Federal regulations do not allow car payments or credit card payments.
  • Personal expenses include clothing, laundry and cleaning, personal hygiene and grooming, recreation, renter's insurance, student health insurance, and disability insurance.
  • Transportation expenses include gas, oil, maintenance, insurance and two round trips home (economy fare).

Note: Tuition is the only budget item that is directly billed in the first year. Students should adjust the remaining budget items based on individual needs.

  • Minnesota campus
  • Arizona campus
  • Florida FOCUS (2+2) track

Minnesota campus

Estimated first-year student expenses (12 months) for the 2018-2019 academic year on the Minnesota campus:

ItemCost

Tuition

$55,500

Books

$1,950

Rent and utilities

$14,760 ($1,230/month)

Home internet

$542 ($41/month, plus one-time $50 installation fee)

Food

$3,828 ($319/month)

Personal and miscellaneous

$6,360 ($530/month)

Transportation

$3,828 ($319/month)

Total

$86,768

Arizona campus

Estimated first-year student expenses (12 months) for the 2018-2019 academic year on the Arizona campus:

ItemCost

Tuition

$55,500

Books

$1,950

Rent and utilities

$18,444 ($1,537/month)

Home internet

$542 ($41/month, plus one-time $50 installation fee)

Food

$3,828 ($319/month)

Personal and miscellaneous

$6,360 ($530/month)

Transportation

$3,828 ($319/month)

Total

$90,452

Florida FOCUS (2+2) track

Estimated first-year student expenses (12 months) for the 2018-2019 academic year on the Florida campus:

ItemCost

Tuition

$55,500

Books

$1,950

Rent and utilities

$18,444 ($1,537/month)

Home internet

$542 ($41/month, plus one-time $50 installation fee)

Food

$3,828 ($319/month)

Personal and miscellaneous

$6,360 ($530/month)

Transportation

$3,828 ($319/month)

Total

$90,452

Scholarships and loans

Through the generous gifts of our benefactors, scholarships offset a sizable portion of tuition expense for eligible students. We determine these awards by evaluating your prior academic performance and financial need. Awards are communicated to accepted students in the spring after an offer of admission is extended.

Mayo Clinic School of Medicine participates in the Federal Direct Student Loan Program. Commonly known as Direct Loans, they allow students to finance their education. Payment on these loans begins after graduation or when the student drops to less than half-time status.

Health insurance

Students are offered low-cost comprehensive medical insurance, including a prescription drug plan, as well as dental and vision insurance.

Financial aid office

For more financial aid information, contact:

Office of Student Financial Aid and Registrar
Phone: 507-284-4839
Email: mayofinaid@mayo.edu

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