Financing Your Program of Study

Tuition and Fees (effective January 1, 2008)

  • All fees, tuition, or monitory amounts mentioned on the site are in U.S. denominated funds.
  • Application Fee - $75.00
  • Non-refundable initial Tuition Deposit (due 2 weeks following Receipt of the formal letter of admission) - $500.00
  • Non-refundable final tuition deposit (due 3 months before the start of classes) - $500.00
  • Graduation fee - $500.00
Terms I – IV
Tuition $10,000.00 per term
Student Activity Fee $50.00 per term
Total $10,050.00 per term

Terms V – X
Tuition $11,600.00 per term
Total $11,600.00 per term

*Health insurance coverage is required for all students. Look for information in your acceptance package or speak with your admissions officer for additional information.

Other Expenses:

  • Advanced Cardiovascular Life Support Fee (term V) - $225.00

Textbooks

Trinity will order the books and supplies for each first term student and have them shipped to the island prior to registration. This eliminates a lot of issues with students trying to get their books through customs and weight restrictions airlines impose for travel bags. Students also save money since we buy bulk at a larger discount. Books are not marked up by Trinity, we do this as a convenience and service to our students and the price students pay are inclusive of customs fees and shipping costs. For students in term two and beyond, text book costs are communicated to the students in advance and those that wish to participate in the program will notify the registrar’s office at the designated time and payment must be received at registration by Trinity. For students looking for supplementary books and supplies, please visit the online bookstore.

Clinical Attire and Medical Kits

Clinical attire, consisting of lab jackets, scrubs, dissection kits and patient examination kits will be required during the foundations of medicine terms. You should budget a total of $750.00 for these items which can be purchased in advance of your arrival in St. Vincent.

Health Insurance

Health insurance is mandatory while students are enrolled at Trinity School of Medicine. Students can either enroll in the insurance plan provided by Trinity or provide proof of private coverage to the Bursar at the time of registration for the term. Insurance costs are currently $350 per term and coverage is provided by United HealthCare Insurance Company.

Housing

Housing is coordinated through the office of the director of housing. Only apartments that meet the college standards are certified for habitation by Trinity students. Costs range from $500 to $1000 per month depending upon amenities and location. We encourage students to make housing arrangements prior to arriving on campus for the first term. There is a onetime housing deposit of $750 due 45 days prior to the formal registration for the semester.

Living expenses

Food and entertainment is estimated to cost approximately $1200 – 1500 US / term.

FINANCIAL AID

To be eligible for financial aid, Students must be accepted into Trinity School of Medicine and enrolled on a full time basis. US citizens may find their options limited based on the current financial conditions in the United States. You are eligible to apply for private educational loans that may be available from various private lenders. Each financial institution maintains its own set of lending policies and standards for loan approvals. Their decision to fund a loan request is based on many criteria with credit score being one of the most important factors. It is advisable that students obtain their credit score from all three major credit bureaus to ensure their credit rating is based on the most current and accurate data. There are many organizations that provide this service, but one of the less expensive alternatives is AnnualCreditReport.com.

Private Student Loan Alternatives For Canadian Students

T.D. CANADA TRUST

RBC Canada

BOM - Bank of Montreal

Private Student Loan Alternatives For US Students

Due to the continuing credit market issues in the US, Trinity School of Medicine has developed its own Private Student Loan program to address the financial needs of newly accepted US students. The program is available to students who cannot obtain financial support through traditional programs offered by US financial Institutions. Our current program requires a minimum FICO (Fair Isaac Credit Organization) score of 680. If your score is less than the minimum, a co-signor with credit score of 680 or better is required. Our loans are a variable rate instrument as rates are based on the WSJ (Wall Street Journal) index of Prime plus a 6% margin. It is a competitive private student loan rate based on the current US banking industry. We are optimistic the US financial market will return to normalcy within the next 12 to 18 months. As the industry recovers, more loan alternatives with enhanced rate structures should emerge and be made available to students. If you have questions or need additional assistance, please contact Mr. Hollers’ office and he will respond accordingly khollers@trinityschoolofmedicine.org or 678-762-3236.

Additional student loan requirements:

  • No trade line has been delinquent ninety (90) or more days in the past two (2) years.
  • No account listed as “Not paid as agreed” within the past seven (7) years, unless the outstanding balance is less than $300.
  • No records of foreclosure, repossession, open judgment or open suit, unpaid tax lien, bankruptcy or other negative items in the past seven (7) years, unless the balance is less than $300.
  • No default or delinquency of 90 days or more on a student loan.

The loan portal for U.S. students opens 90 days prior to the next term and closes a few days prior to registration. All student loan applications are electronically submitted on the website portal managed by Student Loan Finance Corporation (SLFC). Students that have been accepted and submitted their initial Tuition deposit will be provided the appropriate portal website address and logon access. Application dates for coming terms are as follows:

Loan Portal Opens on for Term
Tuesday, June 9, 2009 September 2009 (Fall)
Tuesday, October 13, 2009 January 2010 (Winter)
Tuesday, February 9, 2010 May 2010 (Spring)
Tuesday, June 8, 2010 September 2010 (Fall)

Trinity School of Medicine reserves the right to change tuition and adjust fees or to establish additional fees/charges whenever in their opinion such action is deemed necessary.