Students often arrive at VCOM with significant loan debt from undergraduate studies. The prospect of adding additional debt from graduate studies makes the availability of scholarships critically important.
VCOM focuses more than any other medical school in the region on recruiting students who will help meet the healthcare needs of medically underserved populations. Research shows students with the greatest commitment to service are often those who themselves come from rural and underserved communities with fewer economic resources. For this reason, private support for students is crucial to the College's ability to recruit and foster the kind of medical students who will most likely fulfill the College's mission.
Endowed scholarship funds are a lasting source of support for students, because only the earnings – not the principal – of the funds are paid out as scholarships. In addition, endowed scholarship funds may be named by the donor, a wonderful way to honor a loved one, a family name or an individual important to the donor for years to come.
The minimum gift required to establish an endowed scholarship fund at VCOM is $100,000, which may be given as a one-time gift or with a pledge to the College, payable over five years. The first award is made once the endowment is fully funded.
Presidential Scholarship: (full tuition) $1,000,000
Dean’s Scholarship: (half tuition) $500,000
Merit Scholarship: $250,000
Endowed Scholarship: $100,000
Lifetime Merit Scholarships
Donors can establish and name an expendable scholarship with a minimum gift of $25,000, which can be funded over five years with a pledge commitment. Expendable scholarship funds do not accrue interest. The scholarship is awarded as long as its fund has a balance.
Recipients of all scholarships – either endowed or lifetime – are selected by VCOM’s Office of Financial Aid based on need and/or academic achievement.