Panacea Financial Foundation Medical School Scholarships 2025

Panacea Financial Foundation Scholarships & Grants: Empowering the Next Generation of Diverse Physicians

If you're a medical student from an underrepresented background, there's good news—Panacea Financial Foundation is offering a life-changing opportunity to support your education. With a mission to promote diversity in the medical field, this program provides financial aid to aspiring and current physician-trainees from racial and ethnic minority communities.

The Panacea Financial Foundation, a registered 501(c)(3) nonprofit organization and part of Panacea Financial Holdings, is dedicated to making healthcare more inclusive. Though affiliated with Panacea Financial Holdings, the foundation is not connected to Primis Bank. Their scholarships and grants are a part of an ongoing commitment to support those who will shape the future of medicine.

About the Medical School Scholarship Program

Each year, the Foundation awards $5,000 scholarships to five outstanding medical students who demonstrate both academic dedication and a passion for increasing representation in the medical profession.

Award Details

Amount: $5,000 per scholarship
Total Awards: 5 per cycle
Distribution: Funds are issued via check made payable directly to the applicant’s medical school
Delivery: Checks are mailed to the student’s home address to hand-deliver to their institution

Eligibility Criteria

To apply, candidates must meet the following requirements:

Be a U.S. citizen, permanent resident, or have DACA status
Currently enrolled full-time in an accredited U.S. medical school and remain enrolled during the 2024–2025 academic year
Identify as an underrepresented ethnic or racial minority, as defined by the National Science Foundation:
- African American/Black
- Hispanic/Latino
- Native American (American Indian, Alaska Native, Native Hawaiian)
- Pacific Islander
Applicants must not be employees or family members of Panacea Financial, its affiliates, or its marketing partners

Note: Students beginning medical school in Fall 2024 (i.e., not currently enrolled) are not eligible.

Required Application Documents

Applicants must provide the following:

Official transcript from their medical school to verify enrollment
A photo of their school ID badge
- Acceptable file formats: .pdf, .tif, .png, .jpeg, .jpg, .bmp, .xps

Important Dates

Applications Open: March 20, 2025
Deadline to Apply: May 20, 2025
Recipient Notification: June 2025
Scholarship Checks Issued: July 2025

Selection Process

A dedicated selection committee—made up of the Panacea Financial Foundation’s Board of Directors (excluding Dr. Jerkins) and the Executive Director—will review all applications. Winners are chosen based on eligibility, documentation, and alignment with the foundation's mission to diversify the medical workforce.

Why This Matters

The Panacea Financial Foundation understands that financial barriers can hinder the journey of becoming a doctor, especially for underrepresented groups. This scholarship is more than just financial support—it's an investment in the future of equitable healthcare.

If you're eligible, don’t miss this opportunity to reduce your financial burden and join a community of future medical leaders making a real impact.

How to Apply

Interested and qualified? Go to Scholarship at Uniplus Global to apply