Financial Aid

About Student Accounts

Once you send in a deposit to secure a place in the entering class, the student account division of the Office of Student Finance creates a student account for you. Your student account is maintained by our office. Charges for tuition and fees are applied to your student account.

student accounts

Tuition and Estimated Budget

Tuition is payable at the start of the first and second halves of the school year, in two equal installments. Half-tuition for the class entering in August 2019 is due by August 10th. Incoming first-year students must either pay their tuition or file the appropriate loan applications by August 8th, 2019, or forfeit their place in the class on that date.  

  

If accepted, international students who are not Canadian citizens must deposit with Albert Einstein College of Medicine, not later than July 16, funds to cover estimated tuition for the first two years of medical school, or forfeit their place in the class. Canadian citizens must deposit one-half of the first year's tuition on or before July 16. 

  

                                                               2019-2020 Tuition and Fees 

 

  

M1 

M2 

 M3 

M4  

 Tuition:  

$53,709

$53,709

$53,709

$53,709

 Health Insurance*: 

  $5,286

  $5,766

 $5,766

  $5,766

 Lab and Computer Fees: 

 $3,311

  $3,311

  $3,311

 $3,311

 Total**: 

$62,306

$62,786

$62,786

$62,786

 

* Health Insurance can be waived if student provides documentation that they have comparable insurance.
** Total with Health Insurance. Health Insurance for the 18/19 school year was $5,766.
 

Payment Information

Mail Payments

Checks or money orders can be mailed to Albert Einstein College of Medicine. Please note that any payments made by personal check may be held for up to 14 business days before officially clearing the account of any holds or debts. To ensure accuracy in posting the payment to the appropriate account, please make sure to include the student's name and ID number on the check. The check must be made payable to Albert Einstein College of Medicine. All checks or money orders to should be sent to: Albert Einstein College of Medicine, Attention: Office of Student Finance, 1300 Morris Park Ave., Van Etten Room 228, Bronx, NY 10461. 

Bank Wire Transfer Information

Wire payments can be made directly from your bank to Albert Einstein College of Medicine account with the following information:

J.P.Morgan Chase Bank,N.A. 
4 New York Plaza, 15th Floor
New York, NY 10004

For the account of Albert Einstein College of Medicine 
Account Number: 338152736
ABA Number: 021000021
Swift Code: CHASUS33
 

Please note: It is crucial that the student's name and ID number are included with the wire instructions. Please review the wiring policies with your bank; there may be fees deducted from the amount of your payment.

Check Payments on the Web

Pay by Check: No-fee Internet payments can be made directly from a checking account by going to Luminis. Enter your user ID, a nine-digit number that begins with either an “8” or a “9,” and a PIN number. After you enter these two fields, a new screen will appear where you should select “Account Summary by Term.”  If you experience any difficulty in making a payment through this process, please contact the office of student finance at (718) 862-1810 or visit the office at 1300 Morris Park Ave., Van Etten Room 230.

RETURNED-CHECK FEES A returned-check fee of $40 will be assessed for dishonored checks, including electronic payments.

 

 

Disbursement and Payment Due Dates

Class of 2023


Fall 2019

Disbursement Date: Friday, August 02, 2019

Payment Due Date: Friday, August 16, 2019

Refund Date: Monday, August 26, 2019

Late Fee Date: Monday, September 09, 2019



Spring 2020 

Disbursement Date: Tuesday, January 02, 2020

Payment Due Date: Tuesday, January 02, 2020

Refund Date: Tuesday, January 14, 2020

Late Fee Date: Tuesday, January 28, 2020


Class of 2022


Fall 2019

Disbursement Date: Friday, August 02, 2019

Payment Due Date: Friday, August 02, 2019

Refund Date: Monday, August 26, 2019

Late Fee Date: Monday, September 09, 2019



Spring 2020   

Disbursement Date: Thursday, January 02, 2020

Payment Due Date: Thursday, January 02,2020

Refund Date: Tuesday, January 14, 2020

Late Fee Date: Tuesday, January 28, 2020


Class of 2021


Fall 2019

Disbursement Date: Monday, June 03, 2019

Payment Due Date: Friday, June 21, 2019

Refund Date: Friday, June 28, 2019

Late Fee Date: Monday, July 01, 2019


Spring 2020 

Disbursement Date: Tuesday, November 19, 2019

Payment Due Date: Tuesday, November 19, 2019

Refund Date: Wednesday, December 03, 2019

Late Fee Day: Wednesday, December 03, 2019

Class of 2020


Fall 2019

Disbursement Date: Monday, June 03, 2019

Payment Due Date: Friday, June 21, 2019

Refund Date: Friday, June 28, 2019

Late Fee Date: Monday, July 01, 2019


Spring 2020 

Disbursement Date: Tuesday, November 19, 2019

Payment Due Date: Tuesday, November 19, 2019

Refund Date: Wednesday, December 03, 2019

Late Fee Day: Wednesday, December 03, 2019

 


   

   

 

 

 
 

Refund Policies and Procedures

Overpayments on the student’s account are handled in accordance with federal laws and institutional policies. Generally, refunds go to the student automatically unless the student and/or parents give the College of Medicine written authorization to hold the excess money in the student’s account. Students are expected to observe and follow the following policies and procedures.

Policies and Procedures

  1. Overpayments to the student's account will be issued to the student via check.
  2. After a credit balance appears on the student's account, a refund will be issued within a 14-day window. The 14-day window is a processing window.
  3. Refunds are issued at least once weekly, but may be issued more often during major holidays and other official school breaks.
  4. Refunds cannot be obtained from projected credit balances. An actual credit must be on the student's account before a refund is issued.
  5. Prior to spending student refunds, the student should confirm the accuracy of, as well as the omission of, charges on his or her student account.
  6. A financial aid recipient's refund cannot exceed the cost of attendance minus his or her charges for tuition, fees, room and board.
  7. The student is liable for any refund generated by a financial aid overaward. An overaward occurs when the total financial aid award for a student's enrollment period exceeds his or her cost of attendance/education budget. Scholarships, grants, loans, stipends, waivers and assistance from employers and state agencies each constitutes a financial aid award. Students can prevent overawards by reporting all external assistance to the office of student finance immediately. The cost of attendance/education budget is included on the student's financial aid award letter.
  8. Official enrollment for a given term is the prerequisite to receipt of a refund from financial aid funds for the same term.
  9. Refunds are issued in lump sums to one person; that is, the total current credit on the student's account at a given time will be refunded all at once.
 
 
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