Many Canadians utilize the Student Line of Credit to fund their medical studies. Several Canadian banks offer these lines of credit and usually provide the option to defer principal payments until graduation to allow residency, etc.

Student Lines of Credit are available from the Royal Bank of Canada, Bank of Montreal, TD Canada Trust, and others. The following links may be helpful:

• Bank of Montreal – Medical Student Line Of Credit
• Royal Bank of Canada – Plan for Medical & Dental Students
• TD Canada Trust – Student Line of Credit

The Canadian Ministry of Education has deemed UHSA as an approved institution, making it possible for Canadian students to seek Canadian Federal loans, Provincial loans, and Federal grants.

The Canada Student Loans Program (CSLP) offers financial assistance to students who have been out of high school for four years and do not have the parental annual gross income to determine their loan amount. This is important as many students studying at UHSA have completed a four-year undergraduate bachelor’s degree.

Northwest Territories, Nunavut, and Québec do not participate in CSLP directly but offer their own student financial assistance programs. The CSLP delivers student financial assistance in partnership with most provinces and territories. These loans are interest-subsidized by the Canadian government while the student is enrolled in school and maintaining satisfactory academic progress, as determined by the individual Province.

Applicants must use UHSA’s designated school code [ZPAS] when completing the process of obtaining funding. Provincial and territorial student aid offices:

Below you will find a listing of the available funding by Province.

The approval process for Canadian financial aid may take up to 12 weeks. After you apply, your provincial student aid service will contact you for the next steps. For students who still need to pursue a private loan option beyond federal and provincial funding, we also offer the following:

Through the Meratas’ Multi-Lender Marketplace, students who are US citizens, including Puerto Rico, can search and compare personalized private loan offers from multiple national lenders through a simple, three-minute application. Using the Multi-Lender Marketplace does not impact your credit score.

After comparing personal rates, borrowers can choose the loan that best serves their needs and apply directly on that lender’s website. You have the right to use any lender you wish.

• Loans cover the cost of attendance with APRs starting at 5.99%.
• No co-signer requirement.
• Checking your offers is free and will not impact your credit score.
• The borrower must be a US Citizen (including Puerto Rico) or US Permanent Resident.
• Information is safe and securely encrypted using 256-bit encryption.
• Some lenders may defer (postpone) repayment until after graduation. Rules for repayment and deferment vary from lender to lender. Check your lender’s loan offer for more information.

The Meratas Multi-Lender Marketplace is being provided as a courtesy. UHSA has no control of, is not affiliated with, and is not promoting, any of the lenders available to you through the Meratas Multi-Lender Marketplace.

With a Meritize loan, you can potentially improve your loan options by sharing your academic history, military background, or work experience. A borrower must be a U.S. citizen or permanent resident.

Benefits for students include:

• No co-signer requirement; however, applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
• Ability to finance the total cost of attendance, including living expenses.
• Fixed and variable interest rates are available.
• Flexible payment options, including deferring total principal and interest payments until three months after graduation.

Apply and check your loan options without impacting your credit score.

Through UHSA’s partnership with Walden University, a US regionally accredited online university, you can pursue a second program of study which will complement your medical studies and give you a leg up as you start your career in medicine. Many of your fellow classmates have already taken advantage of this great opportunity.

• Eligible students who take at least one course per 6 or 8-week term can apply for Title-IV Federal Aid to pay for the Walden classes and their other expenses.
• Walden provides UHSA students a 25 percent reduction in tuition for their second degree.
• You can choose from bachelor’s, master’s, and doctoral-level degree programs in areas of study such as Business and Management, Public Health and Health Sciences, Public Policy and Administration, and more.

How does the second-degree program work?

UHSA medical students enroll in Walden to pursue a second degree, such as a Master’s in Public Health (MPH) or an alternative that complements their UHSA MD degree. For example, students would earn the title MD, MPH (MD from UHSA, MPH from Walden).

Walden’s programs are entirely online, so there is no classroom attendance, while each class is 6-8 weeks. Walden courses are not overly demanding, so students have found it an ideal way to make themselves more competitive for their future in healthcare while having an additional funding option.

Since Walden is a Title IV eligible institution, you would be eligible to apply for Title IV federal student aid as an enrolled student. This would allow you to request funds for Walden tuition and other expenses as needed. Both Basic Sciences and Clinical Sciences students may pursue this route.

Walden’s programs can help you develop the critical and creative thinking skills needed to succeed in healthcare. For more information, visit our Walden partnership page.

The per-term installment plan offers a four-month repayment cycle arranged through TFC Credit Corporation, a third-party account receivable service for tuition financing.

• One down payment, followed by three monthly payments at 3% interest.
• No credit check is required.
• Apply by completing the Tuition Payment Agreement.

Down payment requirements

• Term (I-IV) Basic Sciences – 5,496 USD
• Term (VI) Review – 4,750 USD
• Term (VII-X) Clinical Sciences – $6,436

For students who have a remaining out-of-pocket tuition balance, low-interest financing is available through TFC Credit Corporation, a third-party account receivable service for tuition financing. Financing can only be applied to the remaining tuition balances (after all other sources of Payments, Financial Aid, Scholarships, etc., have been applied).

• Finance the cost of tuition, excluding living expenses.
• No down payment – Subject to approval (a down payment lowers your monthly payment).
• Repayment terms from 24 months at 7.75% interest up to 48 months at 9% interest.
• Minimum FICO credit score of 600. No co-signer requirement.
• Borrowers not meeting the credit score minimum may apply with a co-signer who is a US Citizen or Permanent Resident (including Puerto Rico).

Calculate Your Payments

Applying for TFC Financing

1. Accepted students – Download and complete the application for credit (borrower and co-signer section).
2. Securely upload the completed form.
3. If the application is approved, a contract is generated and forwarded to the student for signature.

Check your FICO score by obtaining a free credit report at www.annualcreditreport.com. Credit reports may also be available via your bank, credit union, or credit card provider.