Financial Aid

Getting a medical education is a big investment both in terms of time and financial commitment. To go through a few years of medical school many students will want to know from a financial prospective the following:

  • Where is the best place to look for scholarships?
  • What is the eligibility to apply for scholarships?
  • Are student loans readily available?
  • What is the total cost of going through a medical program?

    A few basic rules in looking at financial aids and money matters:

  • Gather as much information as possible in advanced;
  • Speak to current students (part of the information gathering process);
  • Do your research (it is now very easy to find information on the internet)

Loan

  • It is a debt that need to be repaid in the future
  • The key is not to borrow more than you need

Scholarship and grant

  • An award that does not have to be repaid
  • May be given on the basis of need, merit or both
  • Availability is usually limited
  • Getting financial aid requires a lot of good planning, strategy and preparation

 

The recommendation is to start your research well in advanced in order to meet early deadlines


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