Medical School Scholarship Application

Application is now open!

Please see below the application form for detailed information on eligiblity and frequently asked questions.

Who is eligible to apply?
Applicants for Medical School Scholarships must meet all of the following criteria to be eligible:

  • A U.S. citizen, permanent resident or an individual granted deferred action for childhood arrivals (DACA) status.
  • Medical Students currently enrolled full-time in an accredited Medical School in the United States who will also be enrolled in academic year 2022-2023. Students starting medical school in Fall of 2022 (and thus not currently enrolled) are not eligible.
  • Underrepresented ethnic or racial minority consistent with the National Science Foundation definition: African American/Black, Hispanic/Latino, Native Americans (American Indian/Alaska Native/Native Hawaiian), and Pacific Islander.

Employees of Panacea Financial, their affiliates, subsidiaries, advertising, and promotion agencies and the families of each are not eligible.

Am I eligible if I have not yet started medical school?
No. Students starting medical school in Fall of 2022 are not eligible. Scholarships are only for those currently enrolled full time in accredited medical schools in the United States who also will be enrolled full time in 2022-2023.

What is the program timeline?
For Medical School Scholarship:

  • Application Open: May 1, 2022
  • Application Deadline: June 30, 2022
  • Scholarship Recipients Notified: August 31, 2022
  • Scholarship Checks Issued: Mid October 2022

Is this award renewable?
No – it is one time award. Previous winners of the medical school scholarship are not eligible to apply again for the scholarship.

Applicants from previous cycles who did not receive an award are welcome to reapply as long as they continue to meet the eligibility criteria.

How are winners selected?
For medical school scholarship are evaluated by our selection committee comprised of the board of directors (excluding Dr. Jerkins) and the Executive Director.

What are the award details?
Medical School Scholarship award winners will each receive $5,000. Fifteen (15) scholarships will be awarded per cycle.

How and when are funds delivered?
For Medical School Scholarships:

Funds will be delivered via one (1) check made payable to the medical school listed on the application only. Scholarship checks cannot be made payable to the applicant or an individual. The check will be mailed to the home address so the winner can deliver it to the correct office at their respective medical school.

What supporting documentation is need for this application?
For Medical School Scholarships applicants the following must be submitted with your application:

  • A transcript from the applicant’s medical school is needed to validate enrollment.
  • A current CV
  • Picture of School ID Badge.

What should be visible in my supporting documents?

  • All uploaded documents must show your first and last name.
  • What are acceptable file types to upload?
  • File types that are acceptable are as follows: .pdf, .tif, .png, .jpeg, .jpg, .bmp and .xps.

How will I be notified of the status of my application?
Notifications are sent through email with the listed email address on your application.

What notifications will be sent to me?

  1. Application submission success (immediately after an application is submitted).
  2. Application is incomplete/ineligible (within two-four weeks of submitted application).
  3. Selection Results (per the aforementioned dates per award program).
  4. Funds Disbursed (immediately upon disbursement of award).

If I am selected as an award winner what are my responsibilities?
Basically, to continue to be an amazing medical student with the continued drive to make medicine better and improve communities. We will be promoting our winners after selection and would like (with your permission) to use your picture, name, and any supporting bio (written by you).

If I am selected as an award winner what are my tax responsibilities?
In the United States, scholarship fund used exclusively for the payment of tuition and textbooks are normally not taxable but would advise talking to your tax adviser for more information.

Eligibility Requirements

Medical Scholarship Eligibility

Thank You!

Thank you for your submission to the Panacea Financial Foundation’s Grant Program!

We have received your submission and will be reviewing it shortly. If there are any follow-up items missing we will notify you.

If you have visited the FAQ section on our Foundation’s page and your questions are still not answered. Please let us know.