Financial Aid & Debt Management | College of Medicine | University of Illinois College of Medicine

Intro

The Office of Student Financial Aid (OSFA) supports our students by administering federal, institutional, and external aid. We believe that financial literacy is key to enhancing a student’s college experience and transition after graduation. Our professional staff provides personalized advising and outreach to empower students and make higher education more accessible.

Announcements

Income Driven Repayment (IDR) Plans Update

Posted on March 31, 2025

According to the Department of Education, IDR plan and consolidation applications are now back online: “…as of March 26, 2025, the online IDR application is once again available for eligible borrowers to apply…

Income Driven Repayment (IDR) Plans Update

Posted on February 28, 2025

According to the Department of Education, due to last week’s 8th Circuit Court Appeals decision, the Saving on a Valuable Education (SAVE) Plan has been blocked preventing new applications. Borrowers who are currently in…

Pause of Federal Financial Assistance Programs Update

Posted on January 29, 2025

The University has released the following statement on 1/28/25 regarding the pause and student financial aid. Based on this statement the pause will not impact current federal student loan disbursements and the origination…

Important Dates

2025 Important Dates

March 7: Financial Aid Notifications for the summer 2025 semester begin to be available online
March 7: Financial Aid Notifications issued to incoming students for 2025-2026

View the full calendar

April

April 11: Last day to submit fall/spring Budget Adjustment appeal requests
April 25: Last day to accept Financial Aid Notification and sign MPNs for spring 2025