Admissions & Aid /

    Financial Aid FAQs

    Your questions, answered

    To help make it easier for you to plan for your financial future while you’re in medical school, below are answers to some of the most common questions we receive from students. If you have any additional questions, please don’t hesitate to contact the Office of Financial Aid.

    Simulation lab, St. Kitts campus

    Simulation lab, St. Kitts campus

    How much does it cost to attend UMHS?

    Effective September 2023:

    • Tuition for the standard Basic Science Program is $15,300 per semester.
    • Tuition for the Extended Basic Science (EBS) program is $13,030 per semester.
    • Tuition for the fifth semester at the Maine campus and all Clinical Science terms is $17,950 per semester.

    How many semesters will I need to attend?

    The M.D. program consists of four academic years, divided into 10 semesters of 15–16 weeks each. The entire 10-semester program can be completed in four calendar years. However, students in the Extended Basic Science (EBS) program will have an extra semester on the St. Kitts campus.

    How much does it cost to live while in school?

    Students typically spend anywhere from $6,000 to $8,000 per semester on living expenses. The amount of money spent varies according to the lifestyle choices of each student. For example, a shared apartment can cost a student from $500 to $1,500 per month. 

    What does the term “Estimated Cost of Attendance” mean?

    The Estimated Cost of Attendance (COA) is the average cost for the average student to attend school and support themselves for the given enrollment period. The COA will give you an idea of how much a student can expect to spend for a specific period. All COAs include tuition, which is set, as well as living expenses, which can vary based on a student’s lifestyle choices. Living expenses included are room (rent), board (food), transportation, books, fees, miscellaneous expenses, as well as all necessary insurances. The COA is also the maximum amount of aid a student can receive for the identified enrollment period.

    What services does the Office of Financial Aid offer students?

    Our Office of Financial Aid staff can help you determine:

    • How much money you’ll need to attend UMHS
    • How much help you can get from scholarship and loan programs
    • How much of your personal funds you will need to contribute 

    We also offer budgeting and credit counseling.

    What scholarship opportunities exist for students at UMHS?

    Visit our Scholarships page for details.

    7. What loans are available to students at UMHS?

    For details, visit our pages on U.S. Loan Programs and Canadian Loan Programs.

    When should I apply for financial aid?

    You should wait until you have received your acceptance for admission letter and the financial aid package that will be emailed to you. Once you have both items, follow the instructions provided in your financial aid email.

    For additional details, visit the Financial Aid Overview page.

    How can I find out more about financial aid at UMHS?

    You can email your questions to You can also call the Office of Financial Aid at 212-868-0855 ext. 320 or 321, on weekdays between 7:30 a.m. and 5 p.m. EST, to speak with a counselor.

    Do I have to submit a deposit before I receive my financial aid?

    You must submit a $500 deposit to reserve your seat in the class. The deposit will be applied to your billing account and will offset your tuition charges. 

    My Sallie Mae Loan is approved. What happens now?

    Once your loan is fully approved, the financial aid office will certify it to be disbursed. Loans are disbursed to the school on a semester-by-semester basis. Disbursements are generally scheduled 10 days before the start of the term, whenever possible. However, Sallie Mae's policies may affect disbursement dates. 

    Disbursements are received by the Office of the Bursar and applied to your student billing account as a payment. If you have borrowed more than your balance due, the payment will generate a negative balance and you are due “change”. This change will be delivered to you at or after registration in the form of a refund check. Please note that it can take up to two weeks from the disbursement date for refund checks to be processed, mailed, and delivered to you. If you have a question regarding your refund check, you will need to contact the Office of the Bursar.

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    Office of financial aid

    The financial aid office is open Monday - Friday, 7:30am - 5:00 pm ET

    t: 212-868-0855 / e:

    Elissa Schoening - Director of Financial Aid (ext. 320)


    Contact the office of FA