The medical field is one of the most challenging yet rewarding professions in the world. The popularity and recognition of the medical profession has prompted many students to take up a Doctor of Medicine program after graduation. Due to high competition, the medical seats in the U.S. and Canada are not sufficient for all the aspiring medical students, therefore Caribbean medical schools have become a popular option.
The cost of Caribbean medical schools is also low compared to the U.S. and Canadian schools. Students have the option to apply for several scholarships and benefit from financial aid for their medical education.
So, what is the breakdown of costs for attending medical school in the Caribbean?
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Tuition and administrative fees
Tuition contributes a large sum of the total fees that a student must pay for their medical education. As the medical school curriculum is divided into basic science and clinical medicine, the tuition for both these segments are different. You must pay $19,000 per semester from semester one to five for the basic science tuition fee. The fee for clinical medicine is slightly higher with a payment of around $23,000 each semester for semesters six to ten.
For those who choose part-time tuition, the fee is $650 per credit hour. All fees due for the clinical medicine program must be cleared before starting medical school to avoid the cancellation of the enrollment.
The administrative fee is the next important fee after tuition. You must pay $6,000 as an administrative fee for the basic science semesters and $3,800 for the clinical medicine semesters.
There will also be a non-refundable tuition deposit of $750 and an administrative deposit of $100. You must ensure that the tuition fee is paid on or before the due date to avoid a late fee of $200.
Tuition and administrative fees are the largest contributors to the total medical education costs. Besides these, there are miscellaneous fees that students must pay. During application, there is a fee of $75 which must be paid when submitting the application form. There is a graduation fee and review fee of $500 each, followed by lab fees of around $400. Students must pay malpractice insurance for semesters six to ten, which equals $300. The visa and transcript fees cost around $200 and $10 respectively.
An accommodation fee will be required from students who stay at the dormitory facilities available at medical schools. This is usually around $2,500. An additional fuel and water charge of $150 and $200 respectively must also be paid by students who choose dormitory accommodation.
As well as this, students must have valid medical health insurance coverage for their time at medical school. This is often required by hospitals before the start of clinical rotations. Liability insurance is also mandatory for students before joining the clinical medicine program.
Various scholarships are provided to eligible candidates to ease the financial burden and make medical education a stress-free process. Make sure you explore the financial aid available to you when you apply to a medical school.