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.

Financial Aid for U.S. Students

Richland State Bank of South Dakota Student Loan

 Eligibility Requirements:

Must be a U.S. citizen or permanent resident.

Must be a new or current Basic Science or Clinical student.

Loan Coverage:

  • Minimum Loan: $1,000 per semester
  • Maximum Loan: $5,000 per semester for
  • $60,000 aggregate maximum borrowing limit
  • Maximum loan term: Seven (7) years. Full repayment (principal and interest) begins 12 months from the time that all academic requirements are fulfilled and diploma conferred (Graduation date as certified by the school).
  • Borrower must be a full time, currently enrolled student of Xavier University School of Medicine.

To apply to the student loan program please go to

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

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:

For more information regarding tuition, financial aid, please contact either or

World Directory of Medical Schools

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 ( 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:

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

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

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

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.


Approval by New York State Education Department

Seal of the New York State Education DepartmentOn July 17th, 2020, the New York Board of Regents voted to approve Xavier University School of Medicine Aruba to place students in long-term clinical clerkship in New York State for 7 years. This is the longest term of approval that can be given to an International Medical School.

New York State Education Department approval allows:

• Xavier graduates to enter residency training in New York

• Xavier students to complete all 72 weeks of clinical training in New York teaching hospitals