Afford your medical education through available student loans and flexible financing options. As with any financial decision, we encourage you to carefully consider the amount you are financing and avoid additional student debt whenever possible.
Financial Aid
African Students
Provides African students up to 25,000 USD per loan and up to 50,000 USD lifetime to cover their medical education and expenses.
To qualify, applicants must provide the following:
- National Identity Document or Passport copy for proof of being from an eligible African country*.
- Bank Statement with the last two months of transactions.
- Two references from family members or close acquaintances.
- UHSA acceptance letter.
- A short essay regarding post-graduate plans: the short essay is very important for approval.
After acceptance, students may apply online. Approved applicants who are transfer students from Ukraine medical schools are automatically considered for the Ukraine Medical Student Scholarship.
If you have questions, email support@8b.finance.
*Eligible countries include all African countries except the Central African Republic, Libya, Somalia, and Sudan (not South Sudan).
Canadian Students
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:
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.
Canadian Funding Amounts
All figures listed below are the maximum eligibility awards per province. Students should complete an application to determine their actual award.
Alberta Student Financial Assistance
Students are eligible for both federal and provincial funding as well as grants. A student’s estimated combined maximum is $42,000 (CAD) per year. Loan and grant funding is based on the student’s loan period. If the term starts/ends mid-month, the award is prorated, and the award is made for the whole month or nothing for that month. Students are awarded funding based on the number of months in a term.
British Columbia Student Financial Aid
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $320 (CAD), $210 federal and $110 provincial per week, and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is provided one term at a time.
Manitoba Student Aid
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial per week, and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is awarded by the literal number of weeks in a loan period.
Newfoundland Student Financial Assistance
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial per week, and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is awarded by the literal number of weeks in a loan period.
Nova Scotia Student Assistance
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $410 (CAD) per week of education ($210 federal and $200 provincial). Students can receive up to $6,180 (CAD) per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Students may be awarded up to 40% of the provincial loan amount in a scholarship.
Northwest Territories Student Financial Assistance
Students are eligible to receive scholarships and bursaries totaling up to $14,400 (CAD) in combined loans and grants per year.
Ontario Student Assistance Program
Students are eligible for federal funding only (not provincial). Maximum federal funding is $210 (CAD) per week of instructional time. Students are also eligible for grants (up to $4,500 (CAD) per year). Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period.
Quebec Student Financial Assistance Programs
Students are eligible for both federal and provincial funding. Maximum eligibility is $985 (CAD) per month of education. Students can receive up to $37,430 (CAD) for the program. Funding is awarded by the number of months in a loan period.
Saskatchewan Student Loan Program
Students are eligible for federal and provincial funding up to $575 (CAD), $365 federal and $210 provincial, per week. Awards are based on the actual number of weeks of instructional time. Students are also eligible for grants (up to $4,500 (CAD) per year). Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period.
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:
USA Students
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.
Payment Plans
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 financing options after all other modes of payment, such as financial aid, scholarships, etc., have been applied.
- Finance up to $5,000 per term, with a maximum benefit of 15,000 per year.
- Repayment terms from 12 to 48 months at 7.75% 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).
Applying for TFC Financing
- Accepted students – Download and complete the application for credit (borrower and co-signer section).
- Securely upload the completed form.
- 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.
If you have additional questions, please contact the Student Financial Aid Department by emailing financialaid@uhsa.edu.ag.