Year is the period
of enrollment necessary to complete one grade level. Traditionally,
an academic year runs from August to May. However, at the Medical
University of South Carolina, students may be enrolled in one
of several different academic years depending on when they start
their course of study. In all cases, the word annual(ly) refers
to the academic year.
Lifetime Loan Limits: The total amount of loan funds
a student may borrow as an undergraduate and/or graduate student
from a specific loan program (i.e., Federal Stafford, Federal
See academic year.
Loan Limits: The maximum amount of loan funds that can
be borrowed from a loan source during an academic year.
are usually in the form of an aid package combining funds from
a variety of programs. Students are notified of their aid package
in an Award Letter.
are authorized periods of time during which students are not required
to make loan payments. All deferments require the prior approval
of the lender.
Periods are specified periods of time authorized by some
loan programs preceding the repayment of the loan. During the
Grace Period, no payments are required and no interest will accrue
for which the student is liable on subsidized loans.
is defined, for the purpose of computing financial aid, as the
difference between the student’s cost of attendance and
student’s resources for the academic year.
include an expected family contribution (determined by the need
analysis application form) which a student’s family can
reasonably be expected to pay toward the student’s education.
Financial aid is also considered a resource.
the name of each aid program described in this publication, College
Keys are given which indicate if program eligibility is restricted
by college. If no College Key appears, program eligibility is
not restricted by course of study.
of Health Professions . . . . . (HP)
College of Dental Medicine . . . . . . (DM)
College of Graduate Studies . . . . . . (GS)
College of Medicine . . . . . . . . . . (M)
College of Nursing . . . . . . . . . . . (N)
College of Pharmacy . . . . . . . . . . (P)
Medical University of South Carolina does not discriminate on
the basis of race, color, creed, sex, age, national origin, handicap,
veteran status, or marital status in the administration of admission
policies, educational policies, financial aid, employment, or
any other University activity.