| The following chart illustrates direct deposit/refund timing based on your year in the curriculum: |
| Year in MD Curriculum: |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
| Class of 2028 |
Class of 2027 |
Class of 2026 |
Class of 2025 |
| Fall '24 Refund Issued: |
Early August |
Mid-August |
1st week of July |
1st week of July |
| Fall '24 refund needs to last... |
Until January disbursement |
Until January disbursement |
Until January disbursement |
Until January disbursement |
| (5 months) |
(5 months) |
(6 months) |
(6 months) |
| Spring '25 Refund Issued: |
1st week of January |
1st week of January |
1st week of January |
1st week of January |
| Spring '25 refund needs to last... |
Until mid-August fall disbursement |
Until 1st week of July |
Until 1st week of July |
Until your first resident paycheck! |
| (8 months) |
(6 months) |
(6 months) |
(6-7 months) |
| Noteworthy expenses to budget for |
Step 1 study materials, |
Step 1 Board Exam fees, |
Step 2 Board Exam fees, |
Residency prep costs (ERAS, interview costs), |
| Curriculum Related Travel (LPP, ECL, Shadowing, Conferences, Hospital Sessions, Off site Small Groups) |
Curriculum Related Travel LPP, ECL, Shadowing, Conferences, Hospital Sessions, Off site Small Groups, Start of Clerkships - travel to clinical sites) |
Curriculum Related Travel (travel to clinical sites, start of Horizons - away rotation applications, away rotations) |
Curriculum Related Travel (away rotations and travel to clinical sites) |
