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Student Loans for Caribbean
Medical Schools
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Caribbean Medical
Schools Forum: post questions (or help others) on topics
related to Caribbean and other non-US or non-Canadian medical
schools.
Please note: This loan program is no longer in effect.
There is now a true student loan available
to foreign-enrolled students at many medical schools in the Caribbean
and elsewhere For US students that enroll directly
in a foreign school for their undergraduate or graduate education,
funding options are more limited than students in the US. That's
why the Foreign Enrolled Loan was developed. It's a private alternative
loan that can cover the entire cost of your education abroad.
Foreign Enrolled Loans offer:
- High funding limits up to
$70,000 per year for dental, law or medical school.
- For medical school the overall
limit is $225,000, which is enough to actually finance a medical
school education.
- Fast online application and
approvals (Go to the Online student loan application).
- Three repayment options are
available. Importantly, you have the option of full deferral
while in school at least half-time.
- Medical residency, military
service, and certain other situations qualify for repayment
deferral.
- No application fee and no
out-of-pocket costs.
- 6-month grace period.
- Hundreds of approved foreign
schools (see below for the current list of approved foreign
medical schools).
Elligible Schools
The following schools are elligible at the time
of this writing:
- Ross University School of
Medicine (see Ross
Medical School Loans)
- UNIBE
- St. George's (see St.
George Medical School Loans)
- American University of the
Caribbean School of Medicine
- Charles University in the
Czech Republic
- Lublin, Wroclaw and Jagiellonian
Universities of Medicine in Poland
- Sackler School of Medecine,
Tel Aviv
While we're working with our partners to expand
the list of elligible medical schools, the credit crunch with US
banks has made it unlikely that new schools will be added any time
soon. Getting a loan
It's a good idea to
start shopping for a loan early in the process. 2-3 months before
matriculation is not too early. It
is possible to qualify for these loans on your, but more often
the successful applicant will come in with a co-signer.
References
- Medical
School Loans.
- School
loan consolidation - Information on eligibility and rationale
for consolidating (or not consolidating) your student loans.
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