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.

Step 1

Create a FSA ID at Federal Student Aid ID. Before an applicant can submit a Free Application for Federal Student Aid (FAFSA), the applicant must apply for a FSA ID. This ID is used each year to electronically apply for federal student aid and to access a student's U.S. Department of Education records online. It serves both as an electronic signature and provides access to personal records online.

Step 2

Complete the FAFSA online at https://studentaid.gov/h/apply-for-aid/fafsa. Applicants need a copy of their tax return when completing this application. Please list UMA and the UMA code 035493.

Step 3

Complete the Information and Authorization Form. A Student Finance Advisor provides this document which must be completed and submitted back to him/her to ensure timely processing of financial aid. This form collects personal information, references and provides guidance on the treatment of excess funds.

Step 4

Complete an Entrance Interview. Students who borrow loans under the Federal Direct Loan program are required to complete and entrance interview before loan proceeds are released. A Student Finance Advisor provides this document which must be completed and submitted back to him/her to ensure timely processing of financial aid.

Step 5

Complete and Sign a Master Promissory Note. To receive loans from the federal government, a signed master promissory note must be on file. Applicants may electronically sign a master promissory note online at: Master Promissory Note (MPN).

Step 6

Submit requested documentation to a Student Finance Financial Aid Advisor. Once this step is completed, a Student Finance Advisor may require additional documentation. If so, applicants receive an e-mail from their Financial Aid Advisor. A financial aid file is not complete until this requested information is reviewed and processed.

**These steps should be completed before the end of the provisional registration period.

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.

The maximum Federal Pell Grant for the 2023–24 award year (July 1, 2023, through June 30, 2024) is $7,395.

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.

Florida Student Assistance Grant (FSAG)

The Florida Student Assistance Grant Program is a need-based grant program available to degree-seeking, Florida resident, undergraduate students who demonstrate substantial financial need and are enrolled in participating postsecondary institutions. The amount is established each year by Florida Legislature appropriations and varies based on funding and type of school. Schools select recipients based on State of Florida eligibility criteria. Students must complete the Free Application for Federal Student Aid (FAFSA).

Bright Futures Scholarship (Florida Academic Scholars, Florida Medallion Scholars Award and Florida Gold Seal Vocational Scholars Award)

The amounts of these awards are established every year by Florida Legislature appropriations and vary based on funding and type of school. The Florida Department of Education Office evaluates application documents based on the eligibility requirements. Students must complete the Free Application for Federal Student Aid (FAFSA).

Scholarships for Children and Spouses of Deceased or Disabled Veterans (CSDDV)

The Scholarships for Children and Spouses of Deceased or Disabled Veterans provides an award to eligible dependent children or unremarried spouses of qualified Florida veterans. Students must complete an error-free Florida Financial Aid Application (FFAA) no later than April 1. Applications received after April 1 will be awarded on a first come, first-served basis if sufficient funds remain.

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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