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MD Program

Annual Loan Limits & Disbursement Dates

Morsani College of Medicine Doctor of Medicine (MD)

This page provides information regarding the following topics for students enrolled in the Morsani College of Medicine Doctor of Medicine (MD) program:

  • Earliest possible disbursement dates

  • Federal Direct Unsubsidized Loan limits

  • Important federal borrowing updates

Loan eligibility and disbursement timing may vary based on enrollment, academic progression, financial aid processing, and applicable federal regulations.


Important Update (2026–2027 Academic Year)

Federal student loan regulations are changing. These updates may affect:

  • Federal Direct Unsubsidized Loan borrowing limits

  • Graduate PLUS Loan eligibility

  • Overall federal funding options for some graduate and professional students

Federal borrowing eligibility and loan options may vary based on individual circumstances and applicable federal regulations.

Students are encouraged to review financial aid offers carefully and plan ahead for future enrollment periods.

What This Means for You

Your financial aid eligibility and borrowing options may differ from previous academic years depending on your individual eligibility and federal borrowing requirements.

Students may experience differences in the following areas depending on individual eligibility:

  • Annual federal borrowing limits

  • Graduate PLUS Loan eligibility

  • Overall federal loan availability

  • Funding options available to help cover educational expenses

We encourage students to take the following steps when planning for future enrollment periods:

  • Review financial aid offers carefully

  • Monitor official university communications regarding federal financial aid updates

  • Contact the USF Health Office of Financial Aid with questions regarding eligibility or borrowing options

The USF Health Office of Financial Aid is available to assist students with questions regarding eligibility, borrowing options, and financial planning.

  • Disbursement dates represent the earliest date financial aid funds may be applied to a student account for the applicable enrollment period.

    Actual disbursement timing may vary based on enrollment verification, financial aid processing, completion of outstanding requirements, and applicable federal regulations.

    Disbursement of financial aid funds does not necessarily mean a refund will be issued on the same date.

    Students borrowing federal loans must complete all required federal loan requirements before funds can disburse.

    Required items may include:

    • Entrance Counseling,

    • Master Promissory Note (MPN), and

    • Graduate PLUS Entrance Counseling, if applicable.

  • Fall 2026

    Spring 2027

    Summer 2027

    1st Year (MD 2030 - Core)

    7/27/2026

    1/4/2027

    5/17/2027

    2nd Year (MD 2029 - Core)

    7/27/2026

    1/4/2027

    N/A

    3rd Year (MD 2028 - Core)

    6/8/2026

    1/4/2027

    N/A

    4th Year (MD 2027 - Core)

    6/8/2026

    1/4/2027

    N/A

    4th Year (MD 2027 - Select)

    6/8/2026

    11/23/2026

    N/A

Federal Direct Unsubsidized Loan Limits

Federal Direct Unsubsidized Loan eligibility and annual borrowing limits may vary based on individual eligibility and applicable federal regulations.

Loan eligibility may vary based on the following factors:

  • Enrollment history

  • Borrowing history

  • Program eligibility

  • Applicable federal regulations

Some continuing students may remain eligible for federal interim exception provisions, while other students may be subject to revised federal borrowing limits beginning with the 2026–2027 academic year.

Eligibility is determined individually based on federal regulations and student-specific circumstances.

Students with questions regarding borrowing eligibility or available funding options should contact the USF Health Office of Financial Aid.

2026-2027 Federal Direct Unsubsidized Loan Limits

  • Students Eligible for Interim Exception Provisions

    CORE

    SELECT

    2nd Year (2029)

    $42,722

    N/A

    3rd Year (2028)

    $47,167

    N/A

    4th Year (2027)

    $44,944

    $44,944

  • Students Subject to Revised Federal Borrowing Limits

    CORE

    SELECT

    1st Year (MD 2030 - Core)

    $50,000

    N/A

    2nd Year (2029)

    $50,000

    N/A

    3rd Year (2028)

    $50,000

    N/A

    4th Year (2027)

    $50,000

    $50,000

2025-2026 Disbursement Dates & Loan Limits

  •   Fall 2025 Spring 2026 Summer 2026
    1st Year
    (MD 2029 – Core)    		 7/28/2025 1/5/2026 5/18/2026
    2nd Year
    (MD 2028 – Core)    		 7/28/2025 1/5/2026 N/A
    3rd Year
    (MD 2027 – Core)    		 6/9/2025 11/24/2025 N/A
    3rd Year
    (MD 2027 – Select)    		 6/9/2025 11/24/2025 N/A
    4th Year
    (MD-2026 – Core)    		 6/9/2025 11/24/2025 N/A
    4th Year
    (MD 2026 – Select)    		 6/9/2025 11/24/2025 N/A
  •   Core Select
    1st Year (2029) $47,167* N/A
    2nd Year (2028) $42,722 N/A
    3rd Year (2027) $47,167 $47,167
    4th Year (2026) $44,944 $44,944

    * Includes $4,445 for the Summer term for students enrolled in the optional Summer course and who have not been awarded up to the full cost of attendance.

Questions About Your Loan Eligibility or Funding Options?

Federal loan eligibility and borrowing options may vary based on individual circumstances and applicable federal regulations.

Students with questions regarding the following topics should contact the USF Health Office of Financial Aid for individualized assistance:

  • Borrowing eligibility

  • Loan limits

  • Disbursement timing

  • Available funding options