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
Effective September 2023:
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.
Students typically spend anywhere from $6,000 to $8,000 per semester on living expenses. The amount of money spent varies by the lifestyle choices of each student. For example, a shared apartment can cost a student from $500 to $1,500 per month.
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 of time. 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.
Our Office of Financial Aid staff can help you determine:
We also offer budgeting and credit counseling.
Visit our Scholarships page for details.
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.
You can email your questions to firstname.lastname@example.org. 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.
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.
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 prior to the start of the term, whenever possible. However, Sallie Mae policies may affect disbursement dates.
Disbursements are received by the Office of the Bursar and applied to your student billing account like 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.