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Found 1 result

  1. Question for current US MD candidates: So I've applied to a number of US MD schools and had a few interviews which I felt good about, but now I'm having pretty serious doubts about how paying for all of this is going to go since the current USD/CDN= 1.33. It would just really suck if I were accepted and but then had to be relegated to the Caribbean because US MD was too expensive. Ontario is a possibility where I stand, but I can't depend on it. I understand that Canadian banks can give me LOC up to $275,000 CAD, that OSAP can help a bit (anyone know how much?), and I've got a small parental contribution that's meager in comparison with what I'll need. For instance, one of the schools I interviewed at has listed tuition/fees + living expenses to be $85,000 USD/year. Now this would be okay if we USD/CAN was 1 or lower like during that lovely recession, but the current ratio is really making me worried since, since assuming that $275,000 CAD was the max LOC, my total expenses would far surpass it at $452,000. I've accepted that if I go this route, I'm going to have massive debt, but are there other viable loan options for me to consider? Is multiple LOCs a thing? Is this published LOC limit a hard cut-off under these circumstances? How are current US MDs who don't have large contributions from parents/savings doing it? Thanks!
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