Financial Aid.

Let us help you pursue your dream.

Financial Aid

Let us help you pursue your dream.

The cost of your education shouldn’t prevent you from taking that next step toward a better life. If qualified, multiple resources are available to help you pay for your education! At Ultimate Medical Academy, we are committed to helping you explore and understand those resources to your benefit.

Let’s get started.

Every step of the way, we got you! Our experienced Student Finance advisors are ready to take your call. Paying for school is a top priority, and UMA is here to work with you. The sooner you feel relieved about paying for school, the sooner you can focus on what matters—your future.

Call to speak with a UMA Student Finance advisor when you’re ready to begin this important part of your journey.

(888) 212-5421 >

Aid comes in a variety of ways.

When it comes to paying for your education, chances are you might have more options than you think. Costs such as tuition and books can be covered by Federal Student Aid if you qualify. That aid can come in the form of grants and loans. We also encourage you to research other tuition assistance resources, such as need and merit-based scholarships and employer tuition reimbursement. UMA is here to help you understand your options.

Here’s a look at the different choices that might be available to you.

Federal Pell Grants

Unlike loans, grants do not have to be paid back. Federal Pell Grants provide funding to help eligible students without a bachelor’s degree pay for their education. These students typically display exceptional financial need. Although not everyone qualifies for this need-based grant, all students should apply.

For the award period from July 1, 2020 through June 30, 2021, the maximum Federal Pell Grant award is $6,245.

UMA Academic Success Grant

UMA offers an Academic Success Grant to graduating students who demonstrate a commitment to academic success by making significant academic progress towards the completion of their program, are directly enrolled in an associate degree program, and who meet the Eligibility Criteria both at the time the grant is awarded and at the time the grant is disbursed.

Eligible students could potentially be awarded up to, no more than, $2,000 with this grant. For full details, Eligibility Criteria, and other institutional grants offered, see the UMA Catalog.

Federal Student Loans Programs

UMA students (and their parents if the student is a dependent) may apply for Direct Stafford and PLUS Loans. Under the Direct Loan Program, the funds for your loan are offered to you by the U.S. Department of Education.

Federal Subsidized Direct Loan

Direct Subsidized Stafford Loans are loans for undergraduate students. The Department of Education pays for the interest if you are in school at least half-time, during your grace period, and if a loan is in a period of deferment.

Federal Unsubsidized Direct Loan

Direct Unsubsidized Stafford Loans are loans for undergraduate students that start accruing interest the moment the loan is disbursed. Students are responsible for the interest over the life of the loan, including the time when you are in school, during your grace period, and if a loan is in a period of deferment.

Direct PLUS Loans

Direct PLUS loans are for parents to help pay the college expenses of their undergraduate dependent children. If a deferment is requested, payments do not have to be made while the student attends school and for an additional six months after they graduate, fall below halftime in their enrollment, withdraw or are dismissed from their program. Without a deferment, payments are expected as soon as the loan is disbursed.

Questions?

Our Student Finance advisors are committed to helping you discover all opportunities you qualify for when it comes to paying for school. That's why we're standing by for your call. Speak with our team today and learn more about your options. We're here for you.

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