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Hofstra Northwell School of Medicine

Expenses and Financial Aid Home

Cost of Attendance

It is important to recognize that certain COA components are estimates and given individual circumstances, some students may experience costs that are less than those published.The Hofstra Northwell School of Medicine Cost of Attendance (COA) is re-evaluated annually by the Office of Student Finance. The COA, or student budget, is composed of actual and approximate costs that students can expect to incur during their academic year. These costs vary based on the year in school and serve as a cornerstone of financial aid packaging.

NYS Interim Shopping Sheet

Costs to pursue the MD Degree: class entering 2016

Estimated Cost of Attendance (standard, on campus)    
  Year 1 Year 2 Year 3 Year 4
Tuition and Fees:  $        48,500  $        49,500  $        50,000  $        50,500
Room and Board:  $        21,025  $        20,641  $        21,436  $        20,614
Books and Supplies:  $          1,940  $             340  $             435  $             435
Transportation:  $             977  $             760  $          2,608  $          2,268
Other educational costs:  $          5,430  $          6,138  $          6,368  $          6,783
Total estimated COA  $        77,872  $        77,379  $        80,847  $        80,600

Costs to pursue the joint MD / PhD Degree: class entering 2016

Estimated Cost of Attendance (standard, on campus); MDPHD1,2,6,7 rates =  MD, MDPHD3,4,5 = PhD  
  Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
Tuition and Fees: $ 48,500 $ 49,500 $ 27,000 $ 27,500 $ 28,000 $ 52,000 $ 52,500
Room and Board: $ 21,025 $ 21,446 $ 21,874 $ 22,312 $ 22,758 $ 23,213 $ 23,678
Books and Supplies:  $ 1,940  $     340  $  -    $  -    $  -    $     435  $     435
Transportation:  $   977  $     760  $  2,608  $  2,608  $  2,608  $  2,608  $  2,268
Other educational costs:  $ 5,430  $  6,138  $  6,368  $  6,368  $  6,368  $  6,368  $  6,368
Total estimated COA $ 77,872 $ 78,184 $ 57,850 $ 58,788 $ 59,734 $ 84,624 $ 85,249

Costs to pursue the PhD degree in : class entering 2016

Estimated Cost of Attendance (standard, on campus)    
  Year 1 Year 2 Year 3 Year 4
Tuition and Fees:  $        26,000  $        26,500  $        27,000  $        27,500
Room and Board:  $        21,025  $        21,446  $        21,874  $        22,312
Books and Supplies:  $  -    $  -    $   -    $    -  
Transportation:  $          2,608  $          2,608  $          2,608  $          2,608
Other educational costs:  $          5,430  $          5,430  $          5,430  $          5,430
Total estimated COA  $        55,063  $        55,984  $        56,912  $        57,850

Allowable Components

Tuition is evaluated annually and is subject to change from year to year. The tuition rate is the same for in-state and out-of-state residents.

Fees represent costs that support student activities both at the School of Medicine and at Hofstra University.

Room costs are reflective of the costs associated with housing. On-campus costs are set by the University and represent the cost of living in the Graduate Residence Hall. Included in this number are any fees that are charged to the student to reside in graduate housing. Off-campus costs are reached by a local housing assessment conducted each year. The Office of Student Finance evaluates current rental rates within a 10 mile radius with consideration given to the estimated cost of utilities. When developing off-campus with parent costs, the assumption is that the student will not have to borrow to cover housing costs or, that those costs will be negligible and thus, are set at zero.

Board costs are intended to reflect a reasonable amount that the average student will need in order to eat during the academic year. The Office of Student Finance – using available data and student input – sets this number each year.

Books and Supplies encompasses educational materials required by the program. This number differs from year to year. A one-time computer allowance is included in all student budgets for the first year; however, budget adjustments can be made up to a predetermined amount at any point (but only once) during the four year course of study.

Personal Expenses are those associated with the average expense of taking care of one's self during the academic year. Clothing, grooming, personal items, and recreational expenses are included in this category. We arrive at a number each year by soliciting input from continuing students and evaluating other economic factors that drive the cost of living in this area.

All students are required to have health insurance; however, the cost is not included in the standard student budget given the percentage of students that purchase insurance through the School of Medicine. Students that choose to purchase an insurance plan should submit a Cost of Attendance Budget Adjustment Request which can be found in the "Forms" section of the website.

Transportation for on-campus students considers the cost to travel to and from academic related activities and those required by the program only. For off-campus students, this cost is considered in addition to the cost of traveling to and from campus (an average distance is used). The Office of Student Finance uses the Internal Revenue Service's annual standard mileage rate to calculate this component.

Education Loan Fees are charged by the Department of Education with the origination of each Federal loan disbursement. An average amount is included for each year of study.

Licensure Expense (USMLE) includes the expenses associated with sitting for the United States Medical Licensing Exam. Transportation and lodging expenses are included.

Additional Allowances

Financial aid is not a one-size-fits-all model. Individual circumstances and emergencies may arise that will cause expenses to fall outside of the standard student budget. There is a process to allow for an increase in a student's budget should extenuating circumstances prove costly. A student must provide the Office of Student Finance with a Cost of Attendance Budget Adjustment Request (found in the "forms" section of this website) and any additional documentation as outlined on the request form or specifically requested by the Office of Student Finance. Some reasons for an increase in student budget include:

  • Medical and dental expenses not covered by health insurance
  • Unexpected auto expenses that arise during the course of study
  • Expenses associated with purchasing a computer (up to a predetermined amount)
  • Costs associated with caring for a dependent

Cost of Away Rotations and Residency Interviews

Reimbursement requests for the costs associated with away rotations and residency interviews can be submitted to the Office of Student Finance. These requests will be evaluated on a case-by-case basis and only students in their final year of study will be considered. Students interested in submitted such a request must contact the Director of Student Finance to discuss the process and available options.

Expenses That Are Not Permitted

The student budget can and will not be adjusted to include certain expenses. There are no exceptions. They are not limited to, but include the following:

  • The cost of purchasing or leasing a new vehicle
  • Consumer debt costs, i.e., credit cards
  • Costs associated with furnishing off-campus housing
  • USMLE preparatory course expenses
  • Relocation costs