Medical Student Finances

Planning for Success

If your dream is to have an influence on health care in Canada as a physician, the cost of Undergraduate Medical Education should not limit your dream. While the pursuit of a Doctor of Medicine degree is not inexpensive, there are options available to help defray the cost of your medical education.

Tuition and Ancillary Fees

Current and historic tuition fee schedules can be found on the Office of the Registrar Fee Schedules.

Living Expenses

The estimated monthly cost of living in London is approximately $2,200. The following list is provided as a guideline, designed to stimulate thoughts about your particular needs:

  • rent/mortgage
  • utilities
  • internet/phone
  • books
  • food
  • household essentials
  • clothing
  • laundry
  • vehicle
  • travel/transportation
  • entertainment
  • personal/incidental costs
  • fees (ie insurance, license renewals, subscriptions, memberships, etc)

Funding Your Education

It is necessary to decide how you will finance these expenses. Successfully financing your education means careful planning and close attention to budgeting. Identifying financial resources, estimating costs and developing strategies to meet these costs should be a part of your plan to attend medical school.

Scholarships and Bursaries

Western University offers over $5.1 million in scholarships and bursaries to support Schulich Medicine students.

In addition, the University offers a number of Schulich Medicine Scholarships valued at $112,000 each ($28,000 per academic year, up to four years).

For more information on scholarships and awards, visit the Office of the Registrar website.

Ontario Student Assistance Program

The Ontario Student Assistance Program (OSAP) is a financial aid program that can help you pay for university. OSAP offers funding through two kinds of money:

  • Grants which do not need to be paid back.
  • Student Loans which need to be repaid once university is completed.

OSAP is available to help fund not only tuition, books/equipment/supplies and mandatory student fees but also living expenses for full-time students and childcare for students with children.

For complete details, including who is eligible and how to apply, please visit the OSAP website.