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Cost and Financial Aid

2020-2021 Estimated Tuition and Fees: $22,099

UT Southwestern is one of the most elite and affordable medical schools in the country. In addition to our excellence in education and clinical training, students are also offered an affordable medical education. The cost of living in Dallas is substantially lower than most other cities with medical schools. Our thriving housing market coupled with lower cost of living and tuition rates makes for an even more enjoyable educational experience at UT Southwestern.

Cost of an M.D. Degree at UT Southwestern

The student cost of attendance budget has two primary purposes:

  1. To give students an estimate of reasonable costs;
  2. To establish the federally required cost of attendance to assess eligibility for various types of aid.

Estimated Costs for Medical School Year 1 (MS1)

Years 2020-2021 for Texas Residents
  • Tuition & Fees $22,099
  • Loan Fees $854
  • Books & Supplies $1,000
  • Laptop Minimum requirements $2,500
  • Health Insurance $3,106
  • Housing $17,807
  • Transportation $2,575
  • Personal $2,300
  • MS1 Estimated Costs $52,241
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Many students report that these estimates are generous and find that they can live more frugally and keep living expenses lower.

Cost Comparison

The cost of education at UT Southwestern Medical School is substantially lower than nearly every private medical school in the U.S., as well as most public medical schools, according to data from the Association of American Medical Colleges.

2019-2020 AAMC Tuition & Fees Comparison

UT Southwestern

$21,362

Average Public Medical School

$39,153

Average Private Medical School

$62,529

Applying for Financial Aid at UT Southwestern

All you need to do to apply for all types of available financial aid at UT Southwestern is file the Free Application for Federal Student Aid (FAFSA). The earlier you file the FAFSA online, the better.

  • FAFSA is available October 1 of the year preceding your start date
  • No parental data is required
  • No supplemental aid applications are needed
  • Never pay someone to help you file the FAFSA – contact us for free!

Sources of funding

Scholarships

Education Loans

  • Direct Unsubsidized Loan (Federal)
    Current interest rate 6.08%
  • Direct Grad Plus Loan (Federal)
    Current interest rate 7.08%
  • College Access Loan (State)
    Current interest rate 5.2%
  • Private Education Loans (various lenders)
    Interest rates vary by lender and are based on borrower’s credit

Average Medical School Debt - Class of 2019

UT Southwestern Medical School Debt

$122,776


Public Medical School Debt

$193,186


Private Medical School Debt

$215,005

Source: AAMC

Debt MD

Financial Wellness for Medical Students

Finances during and after medical school can be challenging. That’s why we created DebtMD, a plan to provide relevant and digestible information about student loans, borrowing, repayment, and more.

Get Your Finances Ready

Additional Resources