Financial Aid Frequently Asked Questions

Students should complete the FAFSA each year as soon as it becomes available at studentaid.gov.  For priority consideration, submit it by June 1, even if you haven’t yet received your admission decision.  UNC’s Federal School Code is 001349. 

Financial aid offers are typically released once your FAFSA is processed and you are admitted to the COM program.  

Yes. Students who must repeat or remediate coursework required for degree completion may remain eligible for financial aid, as long as they:

• Meet Satisfactory Academic Progress (SAP) standards

• Are enrolled in program-approved coursework that counts toward the DO degree

Financial aid eligibility continues during clinical rotations if you remain enrolled at least half-time and are completing courses or rotations that apply toward your degree. Your Cost of Attendance (COA) already includes allowances for transportation, additional housing, and clinical expenses. If rotations require expenses beyond this, you may request a COA increase by submitting documentation of the additional costs.  

Yes. The COM Cost of Attendance includes an allowance for COM required board exam fees and materials, as well as travel for required clinical rotations.  
Expenses not automatically included—such as residency interview travel or exam retake fees—may be considered for a COA adjustment with supporting documentation.  

If you are approved for a Leave of Absence (LOA), notify the Office of Financial Aid immediately.  Because aid eligibility is based on enrollment, federal loans cannot disburse while you are on leave.  If you previously received loans, your grace period and repayment may begin once your leave starts.  

A financial aid counselor can help you understand how your leave affects repayment and eligibility when you return.  

Federal student loans are typically disbursed about one week before the start of each term, once all requirements are met:

• You’re enrolled at least half-time

• You’ve accepted your loans in URSA

• You’ve completed Entrance Counseling and the Master Promissory Note at studentaid.gov

Private (alternative) loans are disbursed according to the lender’s timeline—usually within 14 business days after UNC certification, though timing may vary.

Loan funds are first applied to tuition and fees. Any remaining balance is refunded through your chosen refund method, typically within a few business days after disbursement.

Delays may occur if requirements are incomplete, your enrollment changes, or a lender delay arises.  You can monitor your status in URSA under the Financial Aid tab.