What loans do ontario residents get?

[Elchris]

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Hi there guys,

I have been reading around, and I am planning on applying to the caribbean top 3 or 4 schools. However, one thing that concerns me is the finances of it all. I can't rely on my family economically for any money (I love them to death, but they have their own problems) so I was wondering can you guys explain to me how many loans did you need to get? Can I do this on my own? What would be on average expenses per month, while on the island and while doing clinicals in US? Are we qualified for OSAP (eg. I was looking at AUC and it didn't mention whether or not I can apply for OSAP if I go there). What is the maximum amount I can take/OSAP will give and will I be able to get a loan even for personal expenses, because obviously I will have very little saved (if any) and won't be working during those 4 years (I hear med school is equal to 2 full time jobs).

I realize thisis a lot of questions I think you can understand, I am a bit scared. The last thing I want is to find myself in the middle of med school killing my brain about not being able to pay bills.

Thanks in advance for you help everyone.

 

[McGillGrad]

Your only real choices are RBC Med school line of credit and CanHelp (which is the Canadian version of a TERI Loan). The RBC loan is up to $150,000 (usually) with a cosigner and the CanHELP is up to 180,000USD with a cosigner or 100,000USD on your own signature. OSAP gives you about $13k or some crap.