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:

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 tuition financing company.

• One down payment, followed by three monthly payments at 4% 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

Additional financing options provided by TFC Credit Corporation, a third-party tuition financing company, are available to students who require loan options after all other modes of payment have been applied.

• Maximum benefit depending on student need (tuition fees only).
• No down payment is required (subject to credit approval).
• Payment deferment based on student financial criteria.
• Ability to refinance for additional financing.
• 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).
• Interest rates from 7.75% will vary based on the above criteria.

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. A contract is generated and forwarded to the student for signature if approved.

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.