Financial Aid
Let us help you pursue your healthcare career path.
The cost of your diploma or degree in healthcare shouldn’t prevent you from taking that next step toward your desired career. At Ultimate Medical Academy, we are committed to helping you explore and understand the financial aid resources that may be available to you, if qualified.
We’re here to assist you with your financial aid journey.
Figuring out how to pay for your healthcare education is a top priority, and UMA is here to help you navigate the world of financial aid, if qualified. The sooner you understand your financing options, the sooner you can focus on what matters — your future. Call today to speak with a UMA Student Finance advisor.
Call 888-205-2510Financial aid comes in a variety of ways.
When it comes to paying for your healthcare education program, you might have more options than you think. Costs such as tuition and books can be covered by Federal Student Aid if you qualify.1 That aid can come in the form of grants and loans. We also encourage you to research other tuition assistance resources, such as need and merit-based scholarships and employer tuition reimbursement. UMA is here to help you understand your financial aid options.
Step 1
Create a FSA ID
Before you can submit a Free Application for Federal Student Aid (FAFSA), you must apply for an FSA ID. This ID is used each year to electronically apply for federal student aid and to access your U.S. Department of Education records online. You can create an FSA ID on the Federal Student Aid website.
Step 2
Complete the FAFSA
You can complete the FAFSA online. You will need a copy of your tax return when supplying the required information. When you get to the section asking for school information, list UMA and input our unique identifier code of 035493.
Step 3
Complete the Information and Authorization Form
This form collects personal information and references, as well as provides guidance on the treatment of excess funds. You can get this document from a UMA Student Finance Advisor, which must be completed and returned to them to ensure the timely processing of your financial aid application.
Step 4
Complete an Entrance Interview
Learners who borrow loans under the Federal Direct Loan program are required to complete an entrance interview before loan proceeds are released. This interview is held with a UMA Student Finance Advisor.
Step 5
Complete and Sign a Master Promissory Note
To receive loans from the federal government, a signed master promissory note must be on file. Applicants may electronically sign a master promissory note online at Master Promissory Note (MPN).
Step 6
Submit Documentation to a UMA Student Finance Advisor
Once this step is complete, a Student Finance Advisor may request additional documentation. If so, you will receive an e-mail from your Financial Aid Advisor. A financial aid file is not complete until all requested information is reviewed and processed.
**These steps need to be completed before the end of the provisional registration period.
Financial aid options that might be available to you.
Federal Pell Grants
Unlike loans, grants do not have to be paid back. Federal Pell Grants provide funding to help eligible students without a bachelor's degree pay for their education. These students typically display financial need. Although not everyone qualifies for this need-based grant, all students should apply.
The maximum Federal Pell Grant for the 2024–25 award year (July 1, 2024, through June 30, 2025) is $7,395.
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Federal Subsidized Direct Loan
Direct Subsidized Loans are loans for undergraduate students with financial need. The Department of Education pays for the interest if you are in school at least half-time, during your grace period, and if a loan is in a period of deferment.
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Federal Unsubsidized Direct Loan
Direct Unsubsidized Loans are loans for undergraduate students with or without financial need. They start accruing interest the moment the loan is disbursed. Students are responsible for the interest over the life of the loan, including when you are in school, during your grace period, and if a loan is in a period of deferment — even if you are not required to make payments on the loan itself.
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Direct PLUS Loans
Direct PLUS Loans are for parents to help pay the college expenses of their undergraduate dependent children. If a deferment is requested, payments do not have to be made while the student attends school or for an additional six months after they graduate, fall below halftime in their enrollment, withdraw, or are dismissed from their program. Without a deferment, payments are expected as soon as the loan is disbursed.
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Florida Student Assistance Grant (FSAG)
The Florida Student Assistance Grant Program is available to undergraduate Florida residents seeking their degrees who also demonstrate substantial financial need and are enrolled in a participating postsecondary institution. The amount is established each year by Florida Legislature appropriations and varies based on funding and type of school. Schools select recipients based on State of Florida eligibility criteria. Students must complete the Free Application for Federal Student Aid (FAFSA) to demonstrate financial need.
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Bright Futures Scholarship
(Florida Academic Scholars, Florida Medallion Scholars Award, and Florida Gold Seal Vocational Scholars Award)
The amounts of the Florida Bright Futures Scholarship Program awards are established every year by Florida Legislature appropriations and vary based on funding and type of school. The Florida Department of Education Office evaluates application documents based on the eligibility requirements. Students must complete the Free Application for Federal Student Aid (FAFSA).
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Scholarships for Children and Spouses of Deceased or Disabled Veterans (CSDDV)
Unlike loans, grants do not have to be paid back. Federal Pell Grants provide funding to help eligible students without a bachelor’s degree pay for their education. These students typically display financial need. Although not everyone qualifies for this need-based grant, all students should sapply.
Learn More ›
Questions About Financial Aid?
Our Student Finance advisors are committed to helping you discover all the opportunities you qualify for when it comes to paying for your healthcare education. That's why we're standing by for your call. Speak with our caring and compassionate team today and learn more about your financial aid options. We're here for you.
Call NowStudent Stories
Don't give up. No matter what obstacles you face or anything that happens in life, just know that it’s worth finishing school — getting that degree.
What inspired me to do UMA is that I felt like I had been taking care of everyone else … it was just time for me to do something for myself.
UMA has given me the care of emotional support, education support...when it comes to learning services, especially the library, they’re almost like a family.
Student Stories
Don't give up. No matter what obstacles you face or anything that happens in life, just know that it’s worth finishing school — getting that degree.
What inspired me to do UMA is that I felt like I had been taking care of everyone else … it was just time for me to do something for myself.
UMA has given me the care of emotional support, education support...when it comes to learning services, especially the library, they’re almost like a family.
I have never seen a school that has had someone with you from the very first time that you send information, wanting information, all the way until graduation, then past graduation.
I was really pleased with the flexibility. The flexibility is key when you're having to work full-time and, and then some, and trying to schedule your life. I think this is one of the best experiences I've had.
The support system here is like none other. I have been to many different schools and never received the type of support that you get from UMA — from registration all the way to career services.
Let's face it, the one thing that is not going to change is the need for healthcare workers. That is an ever-growing industry.
I feel like I am in a position where I can care for others just as much as UMA cared for me.
It's something I've already recommended to friends, because UMA is so supportive of everything you may need.
I graduated because of the help they gave me along the way.
UMA was the best place for me. You feel seen. You feel heard. You feel cared for and respected
I'm actually a little sad about leaving UMA. It's part of my life now.
I feel like I show my kids that being positive, being an ear for somebody that does not always have somebody to speak with, it makes a difference.
You can do it. You can do anything you put your mind to. Never give up on yourself.
You get an extra family with UMA. It's amazing!
I'm thankful to UMA for the flexibility so I am able to complete my courses.
I would definitely do it again. I'm going to miss UMA when I leave. It's bittersweet
UMA really tries to help you find a good career. It feels like I'm wanted.
I finally picked up the phone and called. The voice on the other end was overwhelmingly confident I could do it!
Every advisor I ran into was very supportive. No one made me feel like I was less than. They made me feel like I was more.
I love caring for people. I originally wanted to be an RN, but blood didn't work out for me. But I could be in a hospital somewhere else. I didn't have to be a nurse.
Frequently Asked Questions About UMA
Find answers to questions commonly asked by prospective UMA students.
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Financial Tools for UMA Alumni
The Financial Services team is here to assist with matters related to your student loans.
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