IU School of Medicine Scholarship and Loan Committee
The IU School of Medicine (IUSM) awards a grand total of over 5 million dollars in scholarships annually. The majority of these scholarships are used in recruitment of our best and brightest accepted students (largely focused on our in-state residents). Nearly one-third of the overall scholarships are granted or based on financial need and/or academic achievement. A very small amount is attributed to scholarships based strictly on outstanding academic achievement after the first year of medical school. Lastly, an even smaller amount is based strictly on financial need.
Students applying strictly for financial need-based scholarships must first apply for federal aid by submitting the Free Application for Federal Student Aid (FAFSA) with parental information. This is regardless of the student's age or independency status. Parental information is used exclusively in selecting medical students for scholarships based solely or in part on financial need. Academic scholarships are awarded to students who do not already have an IUSM four-year commitment scholarship and who have demonstrated outstanding academic achievement in medical school subjects (usually after the first through third year). Recruitment (Academic) scholarships to incoming first-year medical students are awarded using the information submitted to the IUSM Office of Admissions with focus on retaining our best and brightest students accepted to the medical school. We are limited in what we can do with such a large school and very small resources.
All first-year medical students who complete the IUSM Application for Financial Assistance (by May 31) and the FAFSA will be considered for all IUSM scholarships listed on the following pages. IUSM's Annual Scholarship selections are made by the Scholarship Committee each year in late June with recruitment scholarships decided prior to the national decision date of May 15th. The average annual scholarship is approximately $5,000, with scholarships ranging from as little as $1,000 to $20,000. While some scholarships have restrictions, the IUSM Scholarship Committee maintains a philosophy of equal opportunity. Medical students receiving the Armed Forces Health Professions Scholarship Programs (HPSP) or the National Health Service Corps Scholarship (NHSC) will be deemed ineligible for IUSM scholarships since the HPSP and NHSC programs provide full funding (tuition, fees, books and living stipends). Like-wise, any student who is in the Combined-degree program will not be eligible for IUSM scholarships.
The 2016-2017 Scholarship Committee members are:
- Andrew Beckman, M.D., Co-Chair
- Doris M. Hardacker, M.D., Co-Chair
- Jose R. Espada, Ex-Officio - Director, IUSM Medical Student Affairs-Student Financial Services
- Brian Kennedy, Ph.D., Professor, IUSM-Northwest Campus
- Burcin Ekser, M.D., Ph.D., Department of Surgery
- Eugene Patrick Presto, D.O., Pediatric Anesthesiology
- Karen A. Smartt, Ed.D., Director, IUSM Office of Admissions
- Krista Brucker, M.D., Emergency Medicine
- Shaoxiong Chen, M.D., Pathology and Laboratory Medicine
- Taha Shipchandler, M.D., Department of Otolaryngology
- Temel Tirkes, M.D., Department of Radiology
- Theressa J. Wright, M.D., Eli Lilly Company
- Timothy Webb, M.D., Anesthesia
Renewability and eligibility of scholarship assistance has been outlined by the committee in the following policy statement:
"The receipt of any academic or combined need and academic scholarship by a student is contingent upon:
- timely receipt of the student's required information and application,
- the criteria of the scholarship award as set by the donor, and
- the student maintaining good academic standing."
Good academic standing, as defined by the IUSM Scholarship Committee, is a student who is not on academic probation for any reason during the entire preceding academic year or semester. The IUSM Student Manual defines what constitutes good academic standing in general.
Finally, Renewability will be contingent upon the demonstrated financial need of the student and the availability of funds.
IU School of Medicine Scholarship Endowed Funds
The following is a list of endowed scholarships available through the IU School of Medicine. Scholarship funds that are marked with an asterisk (*) are targeted for research as specified by the donor. These scholarship endowments help support the Summer Research Program in Academic Medicine. All other endowed scholarships listed here generate interest income that is used in awarding scholarship as specified by the donor.
Writing a Thank You Letter
Student scholarship recipients are required to write a thank you letter. Attached here, is a sheet on what we expect in a thank you letter.
A list of scholarships will be available soon on our intranet, accessible to students and faculty/staff only.