Financial Aid Federal Loan Offer Letter Cost of Attendance (COA)

The College of Medicine Office of Student Financial Aid (COM OSFA) provides you with a list of anticipated expenses on your Financial Aid Federal Loan Offer Letter when you complete a FAFSA application. These expenses, referred to as your Cost of Attendance (COA) or budget, reflect costs you may encounter during the 12 month academic year. These costs may include:

  •      Tuition
  •      Fees and Assessment
  •      Disability Insurance

(visit the UIC Registrar’s Office website for tuition, fees, assessment, and disability insurance rates for the fall/spring/summer semesters)

  •      Books and Supplies
  •      Room and Board
  •      Travel
  •      Miscellaneous Personal Expenses
  •      Step 1 exam cost for registration will show on your second year award notification
  •      Step 2 exam cost for registration will show on your third year award notification

The total COA is not the amount that you owe the university for the year. Some items in your COA are indirect costs not owed to the university, and some items are estimates. Please note that an average federal loan fee will be added to your COA for those that borrow a Federal Direct Loan and a Federal Grad Plus Loan. The amount of the loan fee(s) added will depend on the type of loans borrowed.

2022-2023 Estimated Cost of Attendance (COA) for M1 Students
 * Fall 2022, Spring 2023, Summer 2023 terms

COA Components Chicago Peoria & Rockford
Tuition-Resident $45,900 $45,900
Tuition-Nonresident $79,080 $79,080
Mandatory Fees $5,732 $5,732
Housing and Food Expenses $20,400 $18,000
Books and Supplies $2,100 $2,100
Personal Expenses $4,800 $4,800
Transportation $2,150 $2,150
Graduate Plus Loan Fees $1,200 $1,200
Stafford Loan Fees $400 $400
 Resident Total: $82,682 $80,282
 Non-Resident Total: $115,862 $113,462

COM OSFA will send two Financial Aid Notifications to students during their M1 year:

  • Expect to receive an initial Financial Aid Notification that will only cover the Fall and Spring Semesters in March/April before you begin courses at UICOM.
  • Expect to receive a separate Financial Aid Notification for the Summer Semester in April of your Spring M1 Semester.

M1 Projected COA for 11 semesters of enrollment:

**International students should visit the UICOIS – UIC Office of International Services webpage for additional information and resources. Please note that the UICOM Financial Aid office does not offer any federal loans to international students.


Financial Need

Your financial need is determined using your COA and your Expected Family Contribution (EFC). The EFC is the result of a formula developed by the U.S. Congress and is applied to the information you submit on your FAFSA. Your EFC is not the amount that you must pay the university.

Formula for calculating financial need:
Cost of Attendance (COA)
– Any outside resources
= Financial Need

Some aid programs require students to demonstrate financial need in order to be eligible. Please see the Types of Aid section for more information on need based and non-need based aid types.

Outside Resources

If you receive any type of funding (including but not limited to awards, grants, loans, waivers, fellowships, scholarships, or tuition reimbursements), you must notify the COM OSFA as soon as possible. Your aid package will be updated to reflect the outside award. Your aid eligibility may or may not change, depending on your level of need and the conditions of the outside award.

NOTE: If an outside award is credited to your account before the COM OSFA can adjust your financial aid package, you will be expected to return any amount of financial aid you are not eligible to receive, even if you have already received a refund.

Please note you cannot receive more than one tuition-restricted award for any term. Only one can pay your tuition. The remaining award will be returned to its source. For example, a student with two assistantships cannot receive two tuition waivers in the same semester. If for some reason multiple tuition-specific awards are credited to your account, your account will be billed for one of the awards, even if you have already received a refund.

Paying Your Bill

Your university bill is managed by the University Bursar’s Office. You are responsible for monitoring your student account and making sure your bill is paid each semester by the Bursar’s published due dates. It is recommended to login to UI-Integrate Self-Service and view your student account monthly to keep up to date on your account.  You can visit their homepage to find out more information about the following: billing, payments, due dates, refunds, UIC financial counselor (Entrance and Exit Interviews), 1098_T tax information, payment plans, information for new students, other resources and their contact information.
Click here to be directed to  UIC Bursar’s homepage.

To view your student account you will need to login to UI-Integrate Self-Service.

Budget Adjustments

In addition to the standard budget components, certain adjustments can be made to a student’s cost of attendance on a case-by-case basis. Students with extenuating circumstances may appeal for a budget adjustment for certain allowable expenses.
Allowable Expenses
  • Rent/Mortgage
  • Child Care Costs
  • Laptop Purchase (for educational use)
  • Unusually High Medical/Dental expenses
  • Car Repair / Auto Insurance
  • Residency Interview Costs (M4’s Only)
View Request for Budget Adjustment Form in the Forms section of this website for the aid year for which you are applying. If you still have questions about your student budget, contact the COM OSFA to discuss your situation.
In addition, the federal government stipulates that some expenses cannot be included in a student’s budget, regardless of the circumstances.
Non-Allowable Expenses
  • Automobile Payments/Purchase
  • Consumer Debt
  • Off Campus Clerkships and Electives
  • Clinical Rotations Off Campus in the US or Abroad
  • Moving Expenses / Site Relocation Expenses
  • Spousal Insurance
  • Travel Relocation
  • USMLE Review Courses

Be sure to refer to the COM OSFA calendar for all budget adjustment request deadlines.