UAB MSTP students are fully supported through the entire program, both tuition and stipend, by a combination of funds from a National Institute of Health training grant, individual faculty grants, and the School of Medicine.

More specifically, students who matriculate in the MSTP will receive major financial benefits so long as they remain in good standing in the Program. The first is a monthly stipend, the amount of which is to be determined and announced annually. The current annual stipend is $29,000 (annual appointments are renewed from July 1st through June 30th). Stipends are issued on a monthly basis and paid at the end of the month, with direct deposit available. UAB makes a continued effort to provide competitive stipends by increasing the stipend to $30,000 once the student is admitted to candidacy with an additional $1,000 increase ($31,000) once predoctoral external funding has been obtained.

The other major benefit is the payment of all tuition and student fees. The third major benefit is the availability of an educational enhancement fund. This money can be used to pay for required books, medical supplies, computers, and travel. The current total of the educational enhancement fund is $4000 per student (total for all years of the program).