After getting accepted, the next step is making a plan to pay your way through medical school. The cost of tuition and living can vary a lot. The average tuition for med school in Canada is approximately $16,798 per year. And if you’re studying in Ontario, that jumps to a yearly average of $27,304.* On top of that, students need to pay for books and equipment, study aids, living expenses, healthcare — usually without being able to work summers or evenings. It’ll also cost more to live in city rather than a small town.
Here are the most common ways to pay med school tuition and how they can help fund your education.
No matter how you build your tuition payment plan for medical school, starting with a full understanding of your options will make sure you start with a solid foundation.
Before you decide on how to fund your study, talk to one of our RBC Healthcare Specialists. With their experience in serving healthcare professionals, they will be able to provide you with tailored advice and support your unique financial needs.
*Average tuition fee for Canadian citizen / permanent residents. Association of Faculties of Medicine of Canada: Canadian Medical Education Statistics 2017.
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