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Are Caribbean Medical Schools Good in Terms of Cost?

It is no secret that medical education is getting expensive day by day. The rising costs often lead students or their parents to debts. According to the Association of American Medical Colleges (AAMC), the approximate cost of attending a public medical school for one year in the U.S. is around USD 37,556. In contrast, medical students in private colleges have to pay an average of USD 60,000 per annum. Whether you pursue D.O. or M.D., both public and private medical universities in the U.S. or Canada have increased course fees from the previous years.

Caribbean Medical schools in terms of cost

Surprisingly, medical schools on the Caribbean Island are good in terms of cost. With more than 60 medical schools, the Caribbean is drawing the attention of prospective doctors from various parts of the world. Besides high acceptance rates, rolling admissions, pleasant weather and other benefits, the Caribbean medical school cost attracts a large chunk of medical applicants. At the same time, some prominent medical universities in the Caribbean offer a transparent and hassle-free payment process to aspiring doctors. 

Now that you have learned about the benefits of studying a medicine program in the Caribbean, you must be willing to obtain the financial information of some leading medical schools on the island. We have tried to describe medical fee structure comprehensively for aspiring medical students in the Caribbean through this blog.

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How are tuition fees and accommodation costs for medical students in the Caribbean?

Matriculants have to pay an average of USD 19,800 per semester (semesters 1-5) as tuition for the Basic Sciences program. They have to spend an average of USD 23,200 per semester (semesters 6-10)for the Clinical Medicine program. Besides this, students need to pay approximately USD 780 as part-time tuition per credit hour. Notably, this financial information is applicable for matriculants on or before the May semester.

On the other hand, students applying for the September semester have to spend an average of USD 23,500 per semester (semesters 1-5) as tuition for the Basic Sciences program. An average of USD 26,000 is the tuition per semester (semesters 6-10) for Clinical Medicine. Like the May semester, students have to pay USD 780 as part-time tuition per credit hour in the September semester.

Apart from tuition, there are several refundable and non-refundable charges, such as application fee, graduation fee, review fee, shelf exam fee, lab fee, tuition deposit, administrative fee and student activity fee, among various others. In addition, universities in the Caribbean also provide dormitory facilities to unaccompanied first-semester students. First semester students can book a single dorm, fully equipped with an air conditioner, refrigerator and microwave, for USD 2,450. Notably, dormitory fees are payable to dormitory management upon students' arrivalon the university’s campus.

Although medical education in the Caribbean is cheaper than in America or Canada, medical schools still allow students to take student loans to lessen the burden of education costs. That’s not all. Caribbean medical schools also offer scholarships to students as financial aid. So, hurry up and apply to your favorite medical school in the Caribbean right away!

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