Financial Aid

Xavier University School of Medicine is committed to making a quality medical education affordable for every student. Student loans, scholarships, and payment plan options are available to students and parents to assist in meeting educational expenses. Our admissions team will help each individual student apply for the appropriate loans and scholarships they need for for a successful educational journey.

Funding your Medical Education

Medinvest Loan Program, designed to provide aspiring future physician with the financial support they need to achieve their dreams. This comprehensive loan program specifically for students in MD1-CM6 to help cover essential education costs and allowing students to focus entirely on their education without financial stress.

Program Benefits:

  • Covers full tuition, room & board for students residing in student housing
  • Flexible interest rates based on credit score– Affordable financing for your future
  • No payments while in School or in Residency.
  • Repayment plan – 15 years after completion of residency
  • Loan Application fee – Waived!!
  • Fast & easy application process – Get approved quickly!

Eligibility & Requirements:

  • Eligible for students in MD1-CM6
  • MD1-6 students must reside in student housing
  • Loan does not cover administrative fee or insurance fee per semester (must be paid out of pocket)
  • For new students, it does not cover registration fee, immigration fee, or academic supplies
  • For all students, loan does not cover non-tuition fees, including but not limited to LOA, malpractice, remake exams
  • Does not cover other fees that may be billed by school
  • Students must be in good academic standing to be eligible for the loan for every semester
  • Borrower must be U.S. Citizen or U.S. Permanent Resident

Credit Requirements:

  • Apply without co-signer if credit score is 659+
  • Apply with co-signer if credit score is 620-659
  • Below 620, unable to apply
  • Interest rate: Credit dependent, between 8-16%

Apply for Xavier – Medinvest Loan Here: Zuntafi Loan Application

*** Please read carefully before you make any decision.

Payment Plans

Interest-free payment plans are available to U.S. citizens in MD 1-5 to pay their tuition in two payments. The first payment is due 30 days before the start of the semester and the last payment is due 4 weeks after classes start. Students are required to provide a post dated check or credit card authorization. For more information please contact studentfinance@xusom.com

G.I. Bill

Previous military service entitles students to access their GI Bill benefits. The amount received will be categorized as “full time”.

Each individual must submit an application for education benefits to the VA so they may determine eligibility to receive these benefits. The application forms can be downloaded from their website at: www.benefits.va.gov/gibill

For more information regarding tuition, financial aid, please contact either financialaid@xusom.com or admissions@xusom.com.

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Financial Aid for Canadian Students

Xavier University School of Medicine accepts student loans issued through the Canadian government. The Government of Canada, and most provincial or territorial governments, work together to deliver federal and provincial student loan and grant programs. We encourage Canadian applicants to apply for loans through their local governments. Information can be found at the links below, but please don’t hesitate to contact our Student Finance department (studentfinance@xusom.com) with additional questions.

When applying for a loan to Xavier, please reference our school code: ZPAO

For applicants living in Alberta, apply through Student Aid Alberta:


http://www.studentaid.alberta.ca/

For applicants living in Ontario, we are authorized to work with the Ontario Student Assistance Program:


https://osap.gov.on.ca/OSAPPortal

For applicants living in British Columbia, submit an application with StudentAidBC:


https://studentaidbc.ca/

For general information regarding Canadian student loan programs, please visit the CanLearn website here:

http://www.canlearn.ca/eng/loans_grants/loans/index.shtml

If you are applying from another Canadian province, or have any other questions, please feel free to contact our Student Finance department for further assistance.

Student Loan Program Available to Current, New, & Transfer Students

This Student Loan Program is offered by TD Bank (Canada): Their Cross-Border Student Package allows students to move money from Canada to the US for free, as well as pay any fees (tuition, registration, housing, living expenses, etc.) online from Canada.

Caribbean medical school students can have a Canadian-based student account (no fee) at TD Canada Trust, a US-based student account (no fee) at TD Bank, and can then link the two for money movement, payments, etc.

Eligible Students:

  • Canadian citizen or permanent resident of Canada with good credit.
  • Anyone with a Canadian citizen or permanent resident of Canada, as a well-qualified co-borrower/co-signer.

Loan Coverage:

  • Maximum Loan (first year): $50,000 CAD
  • Aggregate Maximum Loan: $200,000 CAD
  • Borrower must be a full-time, currently or newly enrolled student at Xavier University School of Medicine.

Loan Features:

  • Repayment amount is 1% or $50, whichever is greater; can be deferred for up to 12 months post-graduation.
  • Interest-only payments are required during school until the repayment period begins.
  • Student can continue to access funds during clinical rotations.
  • Rate is prime during the entire life of the product.

To apply to this student loan program, please contact the Student Finance Department.