Medical School Tuition, Financial Aid & Scholarships

Several options may be available. Canadian students may be eligible for loans through the Canadian government and/or private loan programs. Please refer to the Financial Planning Guide for Canadian Students, which is available online: Download the AUC Canadian Financial Planning Guide. Other Foreign Nationals may be eligible for assistance in their country

You can apply by logging on to https://studentaid.gov/h/apply-for-aid/fafsa. US citizens, permanent residents and eligible non-citizens must complete the Free Application for Federal Student Aid (FAFSA_^®). When completing the FAFSA, be sure to include the appropriate school code for American University of the Caribbean School of Medicine: G22444. After your FAFSA has been processed by the Department of Education, you may be required to submit additional information, such as citizenship documentation. The Office of Student Finance will notify you if you are required to submit additional information.

Note: The AUC program at University of Lancashire in Preston, UK is a unique and exciting opportunity for non-U.S. students pursuing a medical education. It is important to note that AUC’s University of Lancashire track MD program, including all clinical clerkships, is not eligible for U.S. federal student aid.  Thus, students are not eligible for U.S. federal financial aid through the U.S. Department of Education (typically referred to as Title IV aid). We encourage University of Lancashire students to explore alternative funding options, such as private loans or scholarships, to support your educational journey. Our financial aid team is here to assist you with any questions or help guide you through the process of exploring other resources. 

Types of Federal Direct Loans that may be available are the Federal Direct Graduate PLUS Loan and the Federal Direct Unsubsidized Loan. US citizens, permanent residents and eligible non-citizens must file the Free Application for Federal Student Aid® (FAFSA) to determine their eligibility for a Federal Direct Loan. Once the Office of Student Finance has received your FAFSA information from the US Department of Education, we will determine your eligibility for the types of student loans listed below. Interest rates on federal student loans are based on the 10-year Treasury note plus a set percentage established by federal law. Visit https://studentaid.gov/understandaid/types/loans/interest-rates to find current interest rates.

Federal Direct Unsubsidized Loan

This is a non-need-based federal loan with a limit of $10,250 per semester. The Department of Education charges an origination fee on the funds disbursed. Visit https://studentaid.gov/understand-aid/types/loans/interest-rates to find current interest rates and loan fees. 

Federal Direct Graduate PLUS Loan

This is a non-need-based federal loan which the student can borrow up to the cost of attendance, less other aid. The Federal Direct Graduate PLUS is a credit based loan. If a student does not have remaining eligibility for the Federal Direct Unsubsidized Loan(s) because he or she has reached the maximum aggregate Federal Direct Loan limit of $138,500, or academic year limit of $20,500, approved borrowers may be eligible for the Federal Direct Graduate PLUS Loan program up to their cost of attendance. Visit https://studentaid.gov/understand-aid/types/loans/interest-rates to find current interest rates and loan fees. The federal government does not offer any grants or scholarships for graduate students.

Note: The AUC program at University of Lancashire in Preston, UK is not eligible for U.S. federal student aid (Title IV). Students should consider alternative funding options, such as private loans or scholarships. The financial aid team is available to assist with questions or other funding options 

You may receive financial aid up to the total cost of attendance. For additional information on AUC's cost of attendance, please visit https://www.aucmed.edu/media/12766/cost-of-attendance.

The cost of attendance is an estimate of the educational cost for the academic year. It is intended to cover education related expenses such as tuition, fees, books, course material, supplies, equipment, food, housing, health insurance, transportation, exam fees, personal expenses, residency travel and loan fees. Your total financial aid package, including scholarships, grants, tuition waivers, federal loans, and private loans, cannot exceed this amount.

Note: The AUC program at University of Lancashire in Preston, UK is not eligible for U.S. federal student aid (Title IV). Students should consider alternative funding options, such as private loans or scholarships. The financial aid team is available to assist with questions or other funding options

Completing the necessary forms will expedite your award. If you completed the Free Application for Federal Student Aid (FAFSA) and submitted all documents requested by the Office of Student Finance, you will receive your financial aid award letter and loan instructions 2-3 weeks from the date that you are admitted and your financial aid application is complete, but no earlier than three months prior to the start of the term for which you have been admitted. For example, a student who has been admitted for the Spring term may receive his or her financial aid award letter as early as October. If you haven’t completed the FAFSA, please do so as soon as possible at https://studentaid.gov/h/apply-for-aid/fafsa. 

The US Department of Education will send your loan funds directly to the Office of Student Finance.

The loan funds will be credited to your student account to pay any outstanding balance. Any excess funds will create a credit balance in your student account and the Office of Student Finance will process a credit balance payment to you. You may use this credit balance payment to pay for books, transportation, living expenses or other personal expenses. If you expect to receive financial aid from an outside agency, such as a scholarship from a nonprofit organization, you should instruct them to send the funds to the following address:

American University of the Caribbean School of Medicine
AUC School of Medicine BV
PO Box 74007517
Chicago, IL 60674-7517

The Grad PLUS loan program for graduate and professional students, including those in medical school will be eliminated per the new legislation.. Future borrowing will be limited to Direct Unsubsidized Loans, which have new annual and aggregate limits.

Medical students starting on or after July 1, 2026, will face new borrowing limits on federal student loans. They will be able to borrow up to $50,000 per academic year through Direct Unsubsidized Loans. The aggregate borrowing limit over the entire course of their graduate and professional education programs will be capped at $200,000 with a lifetime borrowing limit of $257,500 that applies to all federal student loans (undergraduate and graduate) combined.

Students enrolled on June 30, 2026, and who have already taken out loans for their program are generally expected to be exempt from the new borrowing limits for up to three academic years or until they complete their program, whichever comes first.

For those not exempt under the grandfathering provisions, if your total cost of attendance is higher than the federal loan limits, you may need to research other ways to cover the difference, such as private loans. AUC’s Office of Student Finance can help. Email finaid@aucmed.edu to discuss your options and create a plan that fits your financial situation.