Financial Assistance and Tuition

Tuition

The estimated annual cost of tuition and fees for 2020-2021 academic year is listed below. For a detailed listing of tuition and fees per semester and additional policies, visit SOM Tuition and Payments.

UIWSOM does not distinguish between resident and non-resident for educational costs. Upon enrollment, tuition statements are emailed to students and available to view online through the Cardinal Apps portal.

Tuition, fees and other related charges are due the first day of class for the term of attendance.

UIW offers a tuition payment plan which divides payment into installments. Students who wish to enroll in a payment plan must enroll online through the UIW ePayment Center by the designated deadlines or pay their balance in full by the first day of class for the term of attendance.

Direct Costs
   Year 1 Year 2 Year 3 Year 4
Tuition $56,000 $56,000 $56,000 $56,000
Fees $2,000 $1,000 $1,000 $1,000
Records Fee $40 0 $0 $0
Health Insurance
(Waived for learners with private insurance)
$2,141 $2,115 $2,115 $2,115
Total $60,190 $59,115 $59,115 59,115

The cost of attendance provides an estimated total for attending UIWSOM. It is comprised of direct costs (charges for tuition and fees) and indirect costs (allowances for room and board, books and supplies, transportation and other personal/miscellaneous costs). Though UIWSOM will not charge this total amount, this information is valuable for personal budgeting and planning.

For a detailed listing of the Cost of Attendance per semester and additional policies, visit SOM Cost of Attendance.

 

Cost of Attendance Table
Cost of Attendance 2020-2021
  Year 1 Year 2 Year 3 Year 4
Tuition $56,000 $56,000 $56,000 $56,000
Fees $2,000 $1,000 $1,000 $1,000
Direct Costs $58,000 $57,000 $57,000 $57,000
Other Estimated Expenses
Books and Supplies $200 $200 $300 $300
Room and Board $16,328 $17,937 $20,239 $17,941
Transportation $3,828 $4,205 $4,744 $4,204
Personal Miscellaneous $6,546 $7,191 $8,114 $7,191
Licensing Exams/Residency  $0 $705 $3,143 $3,700
Other Expenses Total $26,902 $30,238 $36,540 $33,336

View a sample of the cost of living in San Antonio, TX. Please note: this website is not affiliated with UIW or UIWSOM and is only intended to be a starting point for your research.

Financial Aid and Scholarships

Application Process

  1. Apply For Financial Aid
    All students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov.  The FAFSA is used to determine eligibility for loans and select scholarships. This application may be completed prior to acceptance. The entering class of 2021 should complete the 2021-2022 FAFSA as early as October 1, 2020.  Use the University of the Incarnate Word FAFSA school code: 003578. UIWSOM is not listed independently. Parental information is not required.
  2. View Your Financial Aid and Complete Acceptance Process Access UIW Cardinal App's BannerWeb for personalized financial assistance information including the amount of aid offered, requirements needed to accept aid, and disbursement dates. Financial aid offers are typically available beginning February 2021.

Types of Aid Available

Eligibility

  • Awarded to students that exemplify the UIWSOM mission
  • No minimum grade point average or financial need

Award Amount

Up to $10,000 per year or up to $40,000 total

Application

No application needed. The AACOMAS application and UIWSOM Supplemental Application are used to determine recipients.

The University of the Incarnate Word has partnered with the Baptist Health Foundation of San Antonio to provide scholarships for students enrolled in certain health professional fields, including the UIWSOM Doctor of Osteopathic Medicine program.

Eligibility

  • Must be a U.S. Citizen
  • Must be enrolled full-time in one of the approved programs - Doctor of Physical Therapy, Doctor of Pharmacy, Traditional BSN, Master of Science in Nursing, Doctor of Nursing Practice, Master of Nutrition, Doctor of Optometry, Nuclear Medicine and Doctor of Osteopathic Medicine
  • Must meet GPA requirements for good academic standing
  • Must have a FAFSA on file with the Office of Financial Assistance and demonstrate financial need (financial aid file must be complete before eligibility can be determined)
  • Must have a permanent residence within the Baptist Health Foundation’s service area (approved counties: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson)
  • Must certify intent, following graduation, to remain and seek employment in one of the eight counties serviced by the Baptist Health Foundation (see the approved counties listed above)
  • Previous recipients may apply but renewal is not guaranteed

Award Amount

Varies based on funding.

Application

Scholarship application is emailed to learners as available.

Nancy Ann Wilson spent most of her life in San Antonio, graduated from Alamo Heights High School, the University of the Incarnate Word and Baptist Hospital School of Medical Technology. After her retirement from laboratory work, she became a Blue Bird Volunteer at the Methodist Hospital, volunteering two and three days a week. Though Ms. Wilson passed in 2016, her names lives on through scholarships to UIW students.

Eligibility

  • Must be currently enrolled as an osteopathic medical student (incoming students are eligible)
  • Must be in good academic standing at UIWSOM

Award Amount

Varies based on funding.

Application

Scholarship instructions are emailed to learners as available.

Eligibility

  • Must be a female underrepresented minority
  • Earned an undergraduate degree from UIW
  • Have a 3.5 GPA or in good academic standing at UIWSOM
  • Must have a FAFSA on file with the Office of Financial Assistance and demonstrate financial need
  • Must reside in Bexar County

Award Amount

Varies based on funding.

UIWSOM offers a $1,000 scholarship match to the following external scholarships.

Please refer to these organizations for additional information on scholarship eligibility requirements, award amounts, and deadlines.

Eligibility

  • Available through the Department of Education
  • Financial need is not required.
  • Loan accrues interest during periods of enrollment, deferment, forbearance and during repayment.

Interest Rate and Loan Fee

Fixed interest rate - view current rates

Annual Loan Limit

$40,500

Aggregate Loan Limit

$224,000 (inclusive of previous federal subsidized/unsubsidized loans)

Repayment

Begins six months after graduation, less than half-time enrollment, withdrawal or non-enrollment.

Application

Completed annually and available at studentaid.gov.

Eligibility

  • Available through the Department of Education
  • Financial need is not required.
  • Borrower must not have an adverse credit history (or have an endorser who does not have an adverse credit history).
  • Loan accrues interest during periods of enrollment, deferment or forbearance and during repayment.

Interest Rate and Loan Fee

Fixed interest rate - view current rates

Annual Loan Limit

Cost of Attendance minus other aid

Aggregate Loan Limit

Not applicable

Repayment

Begins at the time of the final disbursement, although borrower may apply for an in-school deferment if enrolled at least half-time.

Application

Completed annually and available at studentaid.gov's Federal PLUS Loan site.

Private loans are available for unmet educational costs. Students should consider utilizing federal student loans before seeking a private loan. Federal student loans have many benefits (such as fixed interest rates and income-based repayment plans) not typically offered with private loans.

UIW provides a list of private loans based on historical borrowing practices of UIW students along with selections of new lenders based on particular options that may be advantageous to students. No compensation of any kind is received by UIW in return for including lenders on this list. Review all loan terms carefully, including loan disclosure statements, before signing the loan agreement (promissory note). Lenders are listed in alphabetical order, and no preference is given to a particular lender. A similar list is available online that allows for comparison of loan terms at ELMSelect.

External Scholarship Opportunities

Students should take advantage of all scholarships in which they meet the eligibility requirements. Below is a list of scholarship opportunities from outside organizations applicable to UIWSOM students. UIWSOM does not officially endorse the companies or organizations listed below. This list is only intended to be a starting point for the scholarship search. Eligibility requirements and deadline will vary with each scholarship.

None available at this time

The following scholarships may not be currently available but should be bookmarked for potential future use.

 

Responsible Borrowing

Know What You Owe

Many students underestimate the amount of student loan debt they currently have. Being unaware of debt can cause problems in the future. Log into studentaid.gov for a personalized listing of your federal loans with loan amounts, status and servicer contact information. Keep in mind that this tool only keeps record of federal loans. Private loans must be managed between the lender and the student borrower.

The average student loan debt per UIWSOM osteopathic medicine student is $85,913.79. This figure is based on medical students enrolled during the 2018-2019 academic year. The loan data includes all sources, incurred on or after their first term in the UIWSOM DO program and limited to the final term of the 2018-2019 academic year.

UIW Cohort Default Rates for the fiscal year 2016 was 5.9, 2015 was 6.4, 2014 was 6.7, and 2013 was 7.1.

Build a Budget

Medical school will be a large investment of your time and your wallet. Money will likely be very tight. It is important to build a realistic spending plan to reduce educational debt, identify and control unnecessary spending and avoid credit card debt. Making reasonable financial decisions now will benefit borrowers in the long term.

Consider Paying Interest While in School

While enrolled at least half-time, students are not generally required to make payments toward federal student loans. Consideration should be given to making some type of payment though. Making interest payments while in school can significantly reduce future monthly payments and the overall cost of debt. Unpaid interest is capitalized before entering repayment, resulting in a higher principle amount owed and more interest charged each month. Try making payments toward loans with the highest interest rates.

Utilize Free Resources

Medical students continue to graduate with growing debt as the nation continues to experience a physician shortage, particularly in primary care specialties. Recognizing the burden of financing a private medical school education, the UIWSOM Office of Admissions and Student Affairs offers financial aid and debt management education and assistance to prospective students and current learners.

For assistance, contact the UIWSOM Office of Admissions and Student Affairs at (210) 283-6366 or the UIW Office of Financial Assistance at (210) 829-6008.

The University of the Incarnate Word believes that all of our students, families and alumni should have access to the most information possible to help them make wise decisions about financing and repaying their education. So, we've partnered with iGrad to provide financial wellness resources to students, alumni and families.

No two students are exactly alike, so when you sign up for iGrad, you'll build a personalized profile and plan to improve your money management, career and student loan skills. We'll provide recommended video tips, quick financial lessons, personalized job search, scholarship opportunities and more.

Future Cardinals, Alumni, Parents: Sign up at UIW's iGrad site using your personal email address. Don't forget to bookmark the UIW iGrad site for easy access so you can check back often! iGrad updates its content daily with timely new articles, videos, infographics and more. The more you explore, the more iGrad will personalize content to address your specific goals and interests!

Current Students and Faculty/Staff: iGrad is now integrated with the online portal, Cardinal Apps. You'll have one-click access to your profile and recommendations directly through your portal account. If you prefer not to go through Cardinal Apps, you may sign up directly at UIW's iGrad site using your UIW or personal email address.

The Association of American Medical Colleges (AAMC) provides the FIRST program including free resources to help students make wise financial decisions. Whether thinking about how to afford medical school, applying for student loans or determining loan repayment options, FIRST offers unbiased, reliable guidance.

The Department of Education provides a Repayment Estimator to help borrowers review repayment plan options and view estimated monthly repayment amounts. Students are encouraged to sign in to use actual loan information but may also manually enter loan amounts to use the estimator tool. Private student loans are not included or applicable to the Repayment Estimator Tool.

AAMC also provides the MedLoans® Organizer and Calculator (MLOC) to assist medical students and residents with managing their education debt. The MLOC provides a secure location to organize and track student loans while also displaying possible repayment plans and costs based on the borrower’s student loan debt.