Medicine is among the notoriously expensive fields of higher education in the world, as the world currently spends around $100 billion annually on medical education. The cost of medical schools in the US and Caribbean has skyrocketed in the last few years. Apart from the rising cost, spaces for new students are becoming limited. Thus, attending a medical school in the Caribbean has become an appealing option among international students. Interestingly, Caribbean medical schools are often less expensive and easier to secure seats because of their higher acceptance rate.
Caribbean medical school cost is relatively lesser and more affordable than other medical schools across the globe. According to the Association of Medical Colleges, public medical schools’ per semester tuition fees exceed $25,000. Thus, most medical students seek financial assistance to ease the burden. Apart from being good in terms of cost, recognized and accreditated medical schools of the Caribbean also qualify for the Federal Student loan qualification programs that offer additional financial assistance.
As a prospective medical student, you must know that you can get high-quality medical education at an affordable cost if you opt to earn your MD degree from an accreditated Caribbean medical school. Besides this, multiple other perks offered by Caribbean medical schools make it an ideal study destination. These are some advantages of choosing a Caribbean medical school: rolling admission, high-quality education following the US-based curriculum, an opportunity to do clinical rotations in the US, and higher chances of residency placement in leading US hospitals.
With all these perks, the Caribbean medical schools exclusively believe in providing education at an affordable rate, so the students are not debt-laden as they graduate. Before getting introduced to the Caribbean medical school cost, students must know that the fees are deposited on a semester basis.
Tuition and fees for Caribbean medical school are as follows:
Tuition and fees for matriculants on or after May 2022 semester
- Basic Science tuition fees(Semester 1 to 5) per semester: $18,480
- Administrative Fees (Semester 1 to 5): $5,520
- Clinical Medicine Tuition Fees(Semester 6 to 10) per semester: $22,750
- Administrative fees(Semester 6 to 10): $3,250
- Per time tuition fees per credit hour: $615
- Part-time administrative fees per semester: $5,520
Caribbean medical schools divide their fees based on enrollment. Hence, the fees for matriculants of September 2021 and January 2022 are:
- 1 to 5 semester Basic Science Tuition fees per semester: $23,500
- 6 to 10 semesters of Clinical medicine tuition fees per semester: $26,000
Apart from the basic tuition and administrative fees, the students must pay additional fees and deposits, such as admission fees, non-refundable administrative fees, graduation fees, clinical liability insurance, non-refundable tuition deposit, visa fees, and lab fees, transcript fees, etc. These tuition fees and deposits are subject to change.
The cost of studying medicine also includes the cost of living. In Caribbean medical schools, the cost of living is also affordable. First-semester students are allowed to live in well-equipped dormitories with air conditioning, refrigerators, and microwaves. The cost of the dorms includes Hillside dorm single $2,450, security deposit $150, fuel charges $150, and water charges $200.
The Caribbean island is home to nearly 60 medical schools, which are distinctly different in cost, education quality, attrition rate, and acceptance rate. So, make a well-informed decision and commit to the right medical school in the Caribbean.
