Doctor of Dental Surgery (D.D.S)

The guide below should answer all or most of your questions about financial aid at U-M.

Dental Required Reading
The primary reference D.D.S. students awarded financial aid at U-M.

Michigan Resident

Non-resident

Notes: 10-month budget (D1). All others (D2-D4) based on an 12-month budget.

Cost of attendance estimate as of July 1, 2023.

¹ Tuition and fees are set by the Regents of the University of Michigan each June. Current tuition and fees are available from the Office of the Registrar’s website.

² Includes a $400 deposit for D1 only.

³ See page 6 of Dental Required Reading for more details. Includes housing & meals, personal/miscellaneous expenses and purchase of health insurance.

⁴ Cost of attendance budgets will be increased by the amount of loan fees deducted from your Federal Direct Loans.

The federal Health Professions Student Loan Program provides low-interest loans to full-time, financially needy students who are studying one of the health professions.

At U-M, the Health Professions Student Loan is available only to students who are pursuing degrees in pharmacy or dentistry. A second Health Professions Student Loan — the Loan for Disadvantaged Students — is designated specifically for financially needy students from disadvantaged backgrounds.

If you are awarded a Health Professions Loan, it will appear on your Financial Aid Notice.

Eligibility

• Need-based (parental financial information required)
• Student must be enrolled at least half-time in the Dental program
• Student must meet the financial aid priority application deadline

Terms

• 5% fixed interest
• Federally funded
• Repayment is deferred, no interest while student is enrolled at least half-time
• Twelve-month grace period before repayment begins
• Minimum monthly repayment: $40

Additional Information and Requirements

• Special deferment provisions for volunteer service, see the U.S. Dept. of Education website
• Students must review the Health Professions Loan Rights and Responsibilities on Wolverine Access each year before disbursement
• Students who have not previously signed a master promissory note must do so on Wolverine Access. You must also complete a Rights and Responsibilities Statement each year before disbursement

Direct Subsidized and Unsubsidized Loans (also called Stafford Loans) are part of the Federal Direct Loan Program, which is offered through the U.S. Department of Education. Loans are aid that will need to be repaid, with interest, after you graduate or leave college. Most student loans are Direct Loans.

As a Graduate Health Profession student, you are considered for the Unsubsidized Loan when completing the Free Application for Federal Student Aid (FAFSA). Subsidized loans are only offered to undergraduate students.

Eligibility

• Non-need-based
• Enrolled at least half-time in a degree program

Terms

• Federally Funded
• 7.05% fixed interest rate for graduate/professional students. Rate effective July 1, 2023. Rates subject to change July 1 each year.
• Loans originated on or after Oct. 1, 2020 and before Oct. 1, 2023 will be subject to a1.057% loan origination fee.
• Interest accrues immediately; paid periodically or capitalized (see promissory note)
• Principal repayment deferred while enrolled at least half-time

Additional Information and Requirements

• Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds
• Limited deferment provisions; see U.S. Dept. of Education website (for information specifically for teachers)
• Visit the Federal Student Aid website for the latest loan term information.
• First-year students who are first-time borrowers must complete online Direct Loan Entrance Counseling

Borrowing Maximums

Combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $20,250 per term. Aggregate lifetime borrowing loan limit is $224,000 for graduate students in a Health Profession Program (This includes Direct Loans you received as an undergraduate). Be aware of these maximums as they may affect your eligibility for loans later in your Dental program.

Direct PLUS Loans are part of the federal Direct Loan Program. Unlike most other federal student loans, PLUS Loans are not awarded when you apply for aid. Graduate/professional students apply separately for the PLUS (in addition to completing a FAFSA) if they need additional funds to cover college costs.

Eligibility

• Non-need-based
• Graduate student is the borrower
• Students must submit a Free Application for Federal Student Aid (FAFSA) when applying for a Grad PLUS Loan
• Borrowers must have an acceptable credit history or a loan endorser with an acceptable credit history
• Enrolled at least half-time in degree program
• Borrower must be a U.S citizen or eligible non-citizen
• Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lein, wage garnishment, or write-off of a Title IV debt during the last five years

Terms

• 8.05% variable-fixed interest. Rate effective July 1, 2023. Rates subject to change July 1 every year.
• 4.228% loan origination fee applied to loans originated on or after Oct. 1, 2020 and before Oct. 1, 2023
• Students may borrow up the cost of attendance minus other financial assistance
• Interest accrues immediately; paid periodically or capitalized
• Loan is deferred while you are enrolled at least half-time and for an additional six months after you are no longer enrolled at least half-time. Interest accrues during deferment; you may pay accrued interest or allow it to capitalize when deferment ends

Additional Information and Requirements

• PLUS loans may be consolidated with other Direct Loans
• Visit the Federal Student Aid website for the latest loan term information

Due to the D.D.S program plan, Federal Work-Study is not offered to D.D.S. students. Special exceptions can be made with approval from the Financial Aid Office and the School of Dental Dean. Funding is need-based and are earned by working for eligible employers on- and off-campus. Students must be enrolled full-time in a degree program. Restrictions apply and limited funding is available.

Eligibility

Students must be U.S. citizens or eligible non-citizens as defined by the U.S. Department of Education to apply for federal aid. Students must be enrolled in a program leading to a degree in order to qualify for all aid programs. To be considered for all financial aid programs (including grants and the Health Professions Loan) follow these steps and note the deadlines below:

1. Complete the FAFSA on the Federal Student Aid website
   • Include both your parents' and your own data on the FAFSA.
   • The University of Michigan's federal school code is 002325.
2. Complete and submit the following additional documents (links will be available below when the forms become available) if requested by our office:
   • Federal Tax Returns for you and your parents (Please add your name to the corner of the return so it can be matched with your file.)
   • If you are not required to file a Federal Income Tax Return we will need a Non-Filing Statement. (Complete this form only if you and/or your parents will not file a Federal Income Tax Return.)
   • U-M School of Dentistry Applicant Data Form

Suggested Deadlines for Entering D.D.S Students

• May 6: Deadline for U-M receiving your FAFSA from the federal processor
• May 20: Deadline for U-M receiving any additional, required documents

Suggested Deadlines for Continuing D.D.S Students

• March 31: Deadline for U-M receiving your FAFSA from the federal processor
• April 12: Deadline for U-M receiving any additional, required documents

We will review your file after receiving your FAFSA data and other documents. Email notification will begin in April. You will receive an email message indicating that an electronic award letter is available on Wolverine Access for you to view/print. If this is the first time you have received a federal direct loan at U-M, you will receive information about how to complete an electronic Master Promissory Note(s) and online Entrance Counseling.

Your financial aid will be paid by enrollment term. Financial aid is applied to charges on your student account and you will receive a refund of remaining funds by the first day of classes, so you will have money to purchase books and pay living expenses. You may have your refund directly deposited to your bank account (visit Wolverine Access and select Wolverine Access > Student Business > Payroll and Compensation > Direct Deposit). Otherwise, a check will be sent to your current active address on record with the university.

For additional information about financial aid for D.D.S. students, contact:

University of Michigan School of Dentistry
1011 N. University
Rm G226
Ann Arbor, MI 48109-1078

Contact Person
Michelle Robski, Assistant Director of Financial Aid for School of Dentistry - D.D.S Program
Phone: 734-647-8592
Email: dds.finaid@umich.edu

For information about the Dentistry programs at U-M, visit the School of Dentistry website.