1. The SDN iPhone App is back and free through November! Get it today and please post a review on the App Store!
    Dismiss Notice
  2. Dismiss Notice

Canadians paying for med school

Discussion in 'Canada' started by ubcredfox, Nov 17, 2005.

  1. ubcredfox

    ubcredfox Member
    10+ Year Member

    Joined:
    May 11, 2005
    Messages:
    219
    Likes Received:
    0
    So, I was just wondering if any Canadians reading this might be able to tell me how, as international students, they pay for medical school...

    I'm looking for specific details, like what loan(s) you took out, and how much financing you got from your school etc.

    I actually just got into Dartmouth (YAY!!!!) so, if anyone has Dartmouth specific info, that would rock.

    Thanks.
     
  2. Note: SDN Members do not see this ad.

  3. YouDontKnowJack

    YouDontKnowJack I no something you don't
    5+ Year Member

    Joined:
    Apr 21, 2005
    Messages:
    948
    Likes Received:
    3
    i know a canadian who pays for med school by selling the good ol weed from up north..
     
  4. MSHell

    MSHell Deranged User
    10+ Year Member

    Joined:
    Nov 29, 2004
    Messages:
    293
    Likes Received:
    3
    Status:
    Resident [Any Field]
    You might want to contact Dartmouth to see what info/help they can give you.

    Other than that - Canada Student Loans, CanHelp, and a line of credit at a bank is what is available

    MD=Massive Debt
     
  5. emack

    emack Senior Member
    5+ Year Member

    Joined:
    Oct 30, 2005
    Messages:
    122
    Likes Received:
    2
    Status:
    Medical Student
    Contact MD Management. They give free financial advising to Canadian med students; not sure whether they would include people going to non-Canadian schools.

    You might be able to convince a Canadian bank to give you their MD student line of credit-- maximum of $150,000, which is (for most people) enough for 4 years at a Canadian school (including living expenses). But you'll probably need more, eh?

    Edit: Also, congratulations!
     
  6. noncestvrai

    noncestvrai Member
    5+ Year Member

    Joined:
    Feb 18, 2005
    Messages:
    117
    Likes Received:
    0
    Congratulaitons for your future expensive MD degree. Up here, banks just beg us to get their LOCs...maybe it's also the case in the US?

    You may get 200K from RBC if you have a good credit...

    Hmmm, why aren't you going to a Canadian school if I may ask?

    noncestvrai
     
  7. ubcredfox

    ubcredfox Member
    10+ Year Member

    Joined:
    May 11, 2005
    Messages:
    219
    Likes Received:
    0
    I'm still in the cycle for canadian schools, and since in canada things are done much much slower than in the US, I have to wait until May to find out if i'll be attending a Canadian school - or January if I don't get any interviews.
     
  8. MedStar

    MedStar Junior Member
    5+ Year Member

    Joined:
    Sep 23, 2004
    Messages:
    18
    Likes Received:
    0
    The question is why would someone go to a Canadian medical school when they could go to a school in the US or elsewhere?
    Canadian medical school education is not that good when compared to places like the US, Australia or the UK.
    I think a US school is the better choice.

    Congrats in getting in to Dartmouth.
    Dont stress on the money issue, there is a program called TERI/CanHelp, and as mentioned some banks are more than willling to give out lines of credit.
    Your 4 years of debt will be repaid soon enough after you graduate and once/if you specialize into a lucrative field you will easily be out of the red and into the black!
     
  9. leviathan

    leviathan Drinking from the hydrant
    Physician Moderator Emeritus 15+ Year Member

    Joined:
    Sep 30, 2003
    Messages:
    2,419
    Likes Received:
    48
    Status:
    Attending Physician
    Hahahaha, are you serious, or are you just a troll? What are you basing this opinion on?
     
  10. docbill

    7+ Year Member

    Joined:
    Aug 20, 2004
    Messages:
    2,419
    Likes Received:
    1
    Status:
    Medical Student
  11. docbill

    7+ Year Member

    Joined:
    Aug 20, 2004
    Messages:
    2,419
    Likes Received:
    1
    Status:
    Medical Student

    NON... NON... not a troll.. just not so bright.

    Any Canadian Medschool can give MOST US or UK & almost all Australian schools a good run for their money.

    Money is a big issue and don't underestimate that. TERI/Canhelp gives 25k US with out a co-signer. After that you are on your own for the other 25-30K US$. Line of credit, you start paying right away on the amount you use. Not cute when you get to 3 year and your 80-100K Line of credit in the whole.
     
  12. wstcoastgrl

    wstcoastgrl Junior Member
    5+ Year Member

    Joined:
    Jan 19, 2005
    Messages:
    15
    Likes Received:
    0
    Just wanted to add that TERI/CanHelp will give you up to $45,000 US per year with a Canadian co-signer. If you use Canadian student loans as well (I think about $9,000 US per year), it's enough to live on after paying tuition.
    At the start of your 4th year you can also apply for an Access Group loan online for up to $13,000 (no co-signer needed) to cover residency interviews/moving costs, etc.
     
  13. tupac_don

    tupac_don Senior Member
    5+ Year Member

    Joined:
    May 16, 2004
    Messages:
    881
    Likes Received:
    3
    Like another girl mentioned, the biggest loan giver for Canadian/international students is Teri.org I think. Another thing you should do is apply for OSAP, they will give you ~8000 canadian, but that's good enough, for living expenses and stuff. Plus you could get some loans from Canadian banks themselves. Good luck.
     

Share This Page