It is never too early to start thinking about how to pay for your medical education.  Although for many students the financial aid process may seem daunting, The financial aid counselors at UMHS will help build a successful financial plan for your future as a health care professional. 

Each step of the way, the friendly and experienced UMHS financial aid counselors are here to assist you.  You will not have to take this journey alone; a caring hand will always be nearby for guidance as you explore the various funding options.

As soon as you submit your UMHS admission application, contact the Office of Financial Aid to discuss the costs associated with attending school, as well as loan and scholarship availability.  It is important to review and understand how your previous education debt, personal financial resources and credit history may impact your ability to finance your medical education.  You will always get an honest evaluation of your financial preparedness to attend UMHS.  Should it be determined that, momentarily, you may lack the ability to finance your education, we will be straightforward with our professional evaluation and help you plan for the future.

As an enrolled student the Office of Financial Aid will continue to guide you down a healthy financial path.  Through the year, practical workshops will be offered to hone your budgeting skills, increase your credit awareness and debt management strategies; skills that will prove a life time of usefulness.  Many successful years helping students create viable financial plans for achieving their educational goals, stand behind our experienced financial aid counselors at UMHS.  From admission application to practicing physician, you can always call on us for assistance.  

Cost of Attendance and Financial Planning 

Provided below are several documents to assist students in determining their financial needs.

UMHS Financial aid Cost of Attendance and Financial Planning Guide 2011

UMHS Financial Aid for Canadian Students 2011 

UMHS Frequently Asked Questions 2011

Financial Aid Planning and Counseling

All students are advised to call or visit the Office of Financial Aid prior to matriculation, to discuss and develop a viable financial plan for their education.  After counseling and plan development, you will understand:

1. How much money you will need, when you will need it and where you will get it from.
2. Your credit report and how credit history affects your ability to obtain student loans.
3. What you can do to build good credit and how debt management can help maintain your financial health. 
4. If you have outstanding student loans, this counseling would also include aggregate loan calculations which could be the most important factor when making your financial plan to attend UMHS.

Financial Aid Programs

UMHS Institutional Loan Program

UMHS developed a special loan program to help combat the increased financial need of our students created by the economic crisis in the U.S. This institutionally funded loan program is available to U.S. students, both incoming and matriculated in amounts from $1,000.00 to $5,000.00 per semester.

The interest charged on these loans is 8% fixed rate with minimum monthly interest payments required while the student is in school and during the six month grace period. This program requires a U.S. cosigner and allows repayment of principle to be deferred until 6 months after graduation. Individualized payments plans are available for those that can’t otherwise refinance the principle after the six month grace period.

Each semester, the financial aid office announcing the application process and deadline. The deadline for completed applications for the May 2011 term is April 9, 2011. UMHS Institutional Loan applications can be obtained from the Office of Financial Aid. Email your request to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

Private Eductional Loans for U.S. Students

Due to the slow economic recovery in the U.S., many banking institutions have curtailed their educational loan portfolios.  UMHS is working to develop a loan program that will satisfy the needs of our students, allowing them to finance their entire cost of attendance.  However, at this time, the state of the economy continues to hinder our efforts.  As information becomes available, the Office of Financial Aid will send periodic email updates to all applicants and enrolled students regarding potential loan options.

Scholarships 

A limited number of partial tuition scholarships in the amounts of $500.00, $750.00, and $1,000.00 per semester are awarded to students in each UMHS incoming class.  The scholarships are merit-based and award amounts are determined by the strength of the student’s previous academic record as recorded in their admissions application.  All accepted students are automatically considered and reviewed for institutional scholarship funds. No additional application is required.  As long as the student is making satisfactory academic progress, the scholarship continues throughout the student's basic science curriculum.

UMHS also offers two scholarships to citizens of St. Kitts and Nevis. Students interested in applying for the Kittitian scholarship should contact the Human Resource Management Department, Office of the Prime Minister of the Federation of St. Christopher and Nevis. Government Headquarters P.O. Box 186, Church Street, Basseterre, St. Kitts or email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Telephone: 869-467-1040.

Canadian Credit-Based Loans

Most major banks in Canada offer students studying outside Canada a student line of credit. These educational lines of credit are specifically designed to fund the costs associated with the student’s studies.

For students studying outside of Canada, most lenders require students to have a credit worthy cosigner in order to obtain an approval. Approvals are made at the discretion of the local branch where the application is submitted. Thus, students are advised to apply at the location they and/or their cosigners conduct most of their banking transactions.

Credit-based loans and lines of credit are typically approved for students, and their cosigners who have a good credit rating. The brochure titled Financial Aid Options for Canadian Students provides a list of some of the Canadian banks that offer student loan programs for which you may be eligible to apply.

At this time the Provincial Canadian Student Loan Programs are not available to students attending UMHS. In accordance with Canadian law, an international medical school must be in operation for ten years before an application can be submitted and a federal code assigned to process loans. (The UMHS Charter Class matriculated in May 2008.) We are confident that UMHS otherwise meets the requirements of the Canadian Student Loan Program.

Printable version of the Financial Aid Options for Canadian Students 
 

Privacy Information

In accordance with the Family Educational Rights of Privacy Act (FERPA), UMHS does not disclose personally identifiable information from any educational records unless the student has consented.  To consent, a student must complete the UMHS Information Disclosure Consent Form and return it to the Office of Financial Aid.

Office of Financial Aid

University of Medicine and Health Sciences
460 West 34th Street, 12 Floor
New York, NY 10001

Tel: 212-868-0855 or 866-686-0380
Fax: 212-868-47222
Email:  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it