Graduate School of Biomedical Sciences

Financial Aid and Benefits

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Office of Student Financial Aid

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The Office of Student Financial Aid assists and counsels students in all four of Baylor's schools in obtaining financial assistance for their education, as well as imparting information on the importance of their financial obligations. 

The primary funding sources are listed at Federal Student Aid published by the U.S. Department of Education. Annual financial aid application forms are required and available to all enrolled and accepted applicants at Baylor College of Medicine.

We recommend students carefully study the many programs that are available. You should become familiar with the various interest rates, repayment periods, annual and aggregate loan limits, and the services provided by the agencies that provide these resources.

Discuss your anticipated need for financial assistance with your family and be aware of the amount of debt you may have to repay once you complete your studies.

Financial aid counseling is available to all students. Questions and appointments can be made at financialaid@bcm.edu.
 

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Student Health Insurance

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Baylor College of Medicine (the College) believes student wellness is essential to academic progress. In order to support this philosophy, BCM maintains the BCM Health Student Health Insurance Plan (the SHIP) and requires that all individuals enrolled in any BCM academic program maintain medical coverage through the SHIP or are enrolled in alternative coverage that meets the coverage requirements established by the College. The SHIP provides a benefit for routine care, illness, injury and for the 21-22 academic year is administered by Blue Cross Blue Shield of Texas (BCBSTX). 

Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity students are responsible for paying the cost of their SHIP. Students pay for twelve (12) months of coverage. Student financial aid and scholarship funds are used to reduce the balance of the student’s cost of
coverage. If a student is not receiving such funds, he or she is expected to pay the charges
as directed by Student Account Services. 

If the student chooses to opt out of the SHIP they must apply for a “Waiver of Coverage”. If the students “Waiver of Coverage” application is approved, the student is allowed to opt out of the SHIP. In order to waive the student health plan the student’s alternative plan coverage must meet all of the following minimum criteria established by the College:

  1. In-network coverage in the Houston area
  2. Plan does not provide emergency-only coverage
  3. Plan meets minimum value standard of 60 percent, meaning that it has at least bronze medal status under the Affordable Care Act and is ACA compliant. Grandfathered ACA plans may not meet these criteria and are subject for review.
  4. In-network individual annual out-of-pocket maximum of $8,550 or less
  5. Coverage for prescription drugs (prescription discount cards will not be accepted as coverage)

If your alternate coverage does not meet the waiver criteria, you will be enrolled into the SHIP and responsible for paying the related premiums. Student with questions about the waiver process will need to contact the BCM Human Resources – Benefits Office at ask-studentinsurance@bcm.edu to provide the required information.
 

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Stipends and Benefits

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Students enrolled in the Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity are not eligible for the stipends and benefits offered to other graduate students enrolled in degree-granting programs of the Graduate School of Biomedical Sciences. 

The Center of Excellence in Health Equity, Training and Research, part of the Office of Institutional Diversity, Equity and Inclusion, offers a limited number of diversity, equity and inclusion (DEI) related stipends and partial tuition scholarships for eligible students in the Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity program who come from underrepresented in medicine minority backgrounds. 

Apply Here! 
 

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Scholarships

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Center of Excellence in Health Equity, Training and Research (COE) Scholars

Eligibility

  • Applicant must be admitted to the Graduate School of Biomedical Sciences Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity. 
  • Applicant must be a U.S. citizen or permanent resident.
  • Applicant must be from an eligible underrepresented minority population* (Black or African-American, Native American, Alaskan Native, Eskimo, Aleutian, Native Hawaiian or Other Pacific Islander, and Hispanic or Latino).
  • Applicant must not have previously been accepted into or be currently enrolled in the Texas Joint Admission Medical Program (JAMP) program.

Award

  • Financial support that includes a one-time $1,500 stipend and half tuition scholarship.

More Information.

* This is a required condition of the Health Resources and Services Administration Center of Excellence grant program. The goal of the COE program is to strengthen the national capacity to produce a quality healthcare workforce whose racial and ethnic diversity is representative of the U.S. population. For the COE grant program, eligible underrepresented minority populations include Blacks or African-Americans, Native Americans, Alaska Natives, Eskimos, Aleuts, Native Hawaiians or Other Pacific Islanders, and Hispanics or Latinos.

COE Transformed Post-Baccalaureate Premedical (TPP) Scholars 

The Baylor College of Medicine Center of Excellence in Health Equity, Training and Research (COE) is committed to developing and supporting pre-medical students from populations that have been traditionally under-represented in the physician workforce. 

The COE Transformed Post-Baccalaureate Premedical (TPP) Scholars is designed to enhance the training of select students enrolled in the Graduate School of Biomedical Sciences Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity. The goal is for scholars to successfully matriculate into a M.D. or D.O. program at an accredited U.S. medical school. Alumni of the program will also continue to have access to resources, information, events, and other relevant programs offered by the Center.

Program Components

In addition to required enrollment in the Graduate School of Biomedical Sciences Post-Baccalaureate Certificate of Completion in Biomedical Sciences and Health Equity, the program for COE TPP scholars will include:

  • Co-curricular activities such as networking and mentoring events specifically for post-baccalaureate pre-medical students from underrepresented minority populations; 
  • Opportunities to participate in an additional research project led by a COE junior faculty or clinical fellow scholar; and 
  • Financial support that includes a one-time $1,500 stipend and half tuition scholarship.

* This is a required condition of the Health Resources and Services Administration Center of Excellence grant program. The goal of the COE program is to strengthen the national capacity to produce a quality healthcare workforce whose racial and ethnic diversity is representative of the U.S. population. For the COE grant program, eligible underrepresented minority populations include Blacks or African-Americans, Native Americans, Alaska Natives, Eskimos, Aleuts, Native Hawaiians or Other Pacific Islanders, and Hispanics or Latinos.