UMHS

ANTICPATED COST OF ATTENDANCE FOR

THE DOCTORATE OF MEDICINE EXTENDED
BASIC SCIENCE PROGRAM

The term financial aid, as an industry standard, includes a variety of funding sources; i.e. student loans (guaranteed
government sponsored loans, private educational loans, institutional loans), scholarships, grants, as well as work study.
Attending medical school is a serious and long term financial commitment. Many medical students need to rely on the
different types of financial aid that are available, mainly student loans.
It is recommended that all entering students contact the Financial Aid Office for entrance counseling. Funding options,
establishing a financial plan for the entire educational program; as well as what you need to do regarding any existing
student loans will be discussed.
UMHS has partnered with Sallie Mae to offer the Smart Option Student loan. The Sallie Mae loan program is a private
educational loan. This means that it is not subsidized by the federal government, nor is an approval guaranteed. The
lenders decision to approve a loan request will be based on the students or cosigners credit rating. This may also
include review of the applicants debt to income ratio.
All accepted students are automatically considered for institutional scholarship prior to matriculation. A limited number
of merit based scholarships will be granted to members of each entering class. Awards are determined by the students
academic history contained in their admissions application. No additional application is required. Those chosen will
receive an award letter via email.
Student loans cannot be approved, or certified to be disbursed, for an amount in excess of your annual Cost Of
Attendance (COA). Even if your loan is credit approved by the bank for an amount greater than your cost of
attendance, the financial aid office can, and will, only certify a maximum amount equal to that of your total cost for the
loan period in question. Consumer or other personal debt (credit cards, mortgages, rental obligations, car payments,
legal fees, etc.) cannot be included in the cost of attendance.
UMHS developed a special loan of last resort program. This institutionally funded loan program is available to U.S.
students in amounts from $1,000.00 to $5,000.00 per semester. The UMHS loan bears an 8% fixed interest rate.
Monthly interest only payments are required while the student is in school, and during the six month grace period. This
program requires a U.S. cosigner and allows repayment of principle to be deferred until 6 months after graduation.
Individualized payments plans are available for those that cant otherwise refinance the principle after the six month
grace period.
Borrowing funds to pay for educational costs is a tremendous obligation. Any loans borrowed must be repaid; regardless
of your academic or professional success. If you default, you risk ruining your credit, which will burden you for many
years. Thus, even though you may be eligible for a larger amount, we urge you to borrow only what you absolutely need
to cover your educational expenses.
The COA budgets on the next pages demonstrate realistic anticipated costs while enrolled in the University of Medicine
and Health Sciences Doctorate of Medicine program. All cost figures are based on our knowledge of a typical students
expenses to attend school and support themselves modestly, like a student, during the instructional time.

Financial Aid Satisfactory Academic Progress Policy:

In order to remain eligible for financial aid (loans, grants, scholarships) students must maintain satisfactory academic
progress (SAP). SAP will be reviewed by the Financial Aid office after each semester. SAP guidelines are outlined by the
Registrar and are available in the student handbook. Should a student fail to meet the guidelines upon completion of any
given semester, the following semesters financial aid will be disbursed on a probationary status. If a student fails to meet
SAP requirements for a second consecutive semester, financial aid eligibility will be suspended until the student can
regain good academic standing. Although a student may not be eligible to receive financial aid, this does NOT mean they
will not be permitted to attend. Students on Financial Aid Suspension may continue to attend, so long as registrar
permits and the student has an alternative source of financing.

Revised 3/03/13

ANTICPATED COST OF ATTENDANCE FOR

THE DOCTORATE OF MEDICINE EXTENDED
BASIC SCIENCE PROGRAM

UMHS

First Loan Period Extended Basic Science Program

Itemized Expenses
Semester 1 Semester 2 Semester 3

Total

Tuition

$8,480

$8,480

$8,480 $25,440

Room & Board

$5,500

$5,500

$5,500 $16,500

Transportation

$1,125

$1,125

$1,125

$3,375

Books & Supplies

$1,400

$300

$500

$2,200

Lab and Misc. School Fees

$830

$830

$830

$2,490

Personal Incidentals

$750

$750

$750

$2,250

Air Evacuation Insurance

$105

$105

$105

$315

Health Insurance

$400

$400

$400

$1,200

$18,590

$17,490

TOTAL

$17,690 $53,770

Second Loan Period Extended Basic Science Program

Itemized Expenses
Semester 4
Semester 5
Total
Tuition

$8,480

$8,480

$16,960

Room & Board

$5,500

$5,500

$11,000

Transportation

$1,125

$1,125

$2,250

Books & Supplies

$500

$500

$1,000

Lab and Misc. School Fees

$830

$830

$1,660

Personal Incidentals

$750

$750

$1,500

Air Evacuation Insurance

$105

$105

$210

Health Insurance

$400

$400

$800

$17,690

$17,690

$35,380

TOTAL

Third Loan Period MD Program

Itemized Expenses
Semester 5
Total
$13,000

$13,000

Room & Board

$5,500

$5,500

Transportation

$1,650

$1,650

Books & Supplies

$300

$300

Personal Incidentals

$750

$750

Health Insurance

$400

$400

Liability Insurance

$350

$350

$21,950

$21,950

Tuition

TOTAL

Revised 3/03/13

UMHS
Itemized Expenses

ANTICPATED COST OF ATTENDANCE FOR

THE DOCTORATE OF MEDICINE EXTENDED
BASIC SCIENCE PROGRAM

Fourth Loan Period MD Program

Semester 6
Semester 7
Semester 8

Total

$13,000

$13,000

$13,000

$39,000

Room & Board

$5,600

$5,600

$5,600

$16,800

Transportation

$1,700

$1,700

$1,700

$5,100

Books & Supplies

$300

$300

$300

$900

Personal Incidentals

$800

$800

$800

$2,400

Liability Insurance

$350

$350

$350

$1,050

Health Insurance

$400

$400

$400

$1,200

$22,150

$22,150

$22,150

$66,450

Tuition

TOTAL

Fifth Loan Period MD Program

Itemized Expenses Semester 9
Semester 10

Total

$13,000

$13,000

$26,000

Room & Board

$5,500

$5,500

$11,000

Transportation

$1,650

$1,650

$3,300

Books & Supplies

$300

$300

$600

Personal Incidentals

$750

$750

$1,500

Liability Insurance

$350

$350

$700

Health Insurance

$400

$400

$800

$21,950

$21,950

$43,900

Tuition

TOTAL

* These figures are based on the Extended Basic Science program and the current tuition rates effective SPRING14 term.
Your total estimated cost of attendance is subject to change as a result of any deviation from the standard program or
changes in pricing.

Revised 3/03/13

UMHS

ANTICPATED COST OF ATTENDANCE FOR

THE DOCTORATE OF MEDICINE EXTENDED
BASIC SCIENCE PROGRAM

Tuition Costs
The fee for tuition covers the costs of classes and is charged at a rate of $ 8,480.00 for extended basic science
program semesters in St. Kitts and at a rate of $13,000.00 for clinical semesters in the U.S.. If you are a transfer
student, your actual tuition and individualized cost of attendance budget may differ.
Room and Board
Students need to budget for typical living expenses incurred during daily life; including housing, utilities and food.
Estimates provided anticipate that students will live in safe, comfortable, but modest accommodations. Costs for
housing expenses are calculated at $1000.00 per month and food allowance is included at $100.00 per week.
Transportation Fees
Expense for travel to and from the island, as well as on the island, are also included in your cost of attendance.
$900.00 for one round trip air-ticket per semester is included in the budget, as well as $15.00 per week, for
transportation expenses on the island; $50.00 per week during clinical semesters.
Books and Supplies
UMHS will provide accepted students with a list of the books and supplies to purchase for each semester. The
anticipated average cost for books and supplies is $700.00 per semester. Books for semesters 1 and 2 are typically
bought at the beginning of semester 1.
Fees
In addition to tuition, students are responsible for administrative school fees, lab fees, and student government fees
each semester. There is an $800.00 per semester charge to cover lab and administrative fees for basic science
semesters. Students enrolled in a semester at UMHS St. Kitts campus will also be charged a $30.00 student
government fee each semester.
Personal Incidentals
A $50.00 per week allowance for any miscellaneous personal expenses students may incur is also included.
Health and Air Evacuation Insurance
All students are required to have medical and emergency evacuation insurance. If you do not have coverage you will
be given the option to purchase insurance through UMHS. If you already have health insurance please be sure to
contact your provider to ensure coverage will remain effective while you are attending school outside of the U.S.
A median rate, of the school sponsored policy, is included in the COA for health insurance as well as the actual per
semester charge for air-evacuation insurance.
Liability Insurance
In order for students to participate in clinical training, liability insurance will be required while at any U.S. affiliate
school. Cost for liability insurance will be included in the tuition for each of your clinical semesters.
Graduation and post graduation expenses not included in your cost of attendance
There are may be additional fees associated with graduation ceremonies (i.e. school pins, photos, cap and gown).

Study review courses, licensing exam fees, and relocation expenses are not included in your cost of attendance.
These expenses will not be eligible for student loan use; however other resources may be available specifically
for financing these additional expenses which fall outside of your required curriculum.

Revised 3/03/13