tuition fees of med schools

[Guest mysticomen]

hi guyz

i am a graduate with a BSc. and now i want to go to med school. but the fees is too much. i was wondering if there was any financial aid availabe for med school students. something like osap. any one with info plz let me know.

thanx

[Guest AC]

OSAP is available to medical students. You can also take out a line of credit at any of the major banks in Canada.

[Guest mysticomen]

thanx for ur reply. i appreciate alot. but is osap available for the whole amount or just a part of it????

[Guest AC]

It depends on your financial situation. If you're in dire straits, then you'll get a sizable amount.

[Guest blinknoodle]

As a note, I think the max OSAP this year is $14k. For some universities, this comes close to covering your tuition, whereas other Ontario med schools still have a gap.

 

For a good glance at tuitions, see www.afmc.ca/docs/2005AdBk.pdf

[Guest AC]

I got around 15K, so I don't think the max is 14K.

[Guest blinknoodle]

I think your max OSAP amount is dependent on the length of your program (ie. how many weeks of the year you are in school), so McMaster might have higher OSAP maximums. (I think $14k is the max for UWO at least).

[Guest Rome1]

OSAP max for Mac Students comes to about $19k. I was very surprised by the amt, but it makes sense since we are in school for three semesters out of the year.

[Guest satsumargirl]

If you go to the OSAP site it can give you the specifics. I think the max amount is $350/week, so just multiply by the number of weeks in your program.

 

In addition to OSAP some schools will have bursaries etc. to help out. But I don't think there is anyway around graduating with a sizeable debt for the average student. OSAP will not cover tuition and living expenses etc. so likely will have to rely on bank LOCs.

[Guest mysticomen]

what is a LOC and what is the possible amount a student can get and does it have high interest rates?

[Guest ploughboy]

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Hey mysticomen,

 

Welcome to the board! There's a lot of good information here in the old threads (even considering how many of them have disappeared), and I encourage you to have a look around, as many questions come up time and time again.

 

I suspect that the thread titled "LOCs", located in this very forum and currently holding 100+ posts will answer most of your questions about lines of credit.(1)

 

Cheers,

 

pb

 

 

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(1) Info here on lines of credit.