• Minimum cumulative GPA of 80%.
• Exhausted all alternative internal and external financial aid options.
• Documentation of financial hardship, contribution towards remaining program cost, and private loan lender denial (with co-signer).

Potentially eligible students are identified and contacted by the student finance team to discuss next steps. Student applications and documentation are reviewed by the financial aid director to confirm eligibility and award amount. Approved students are notified by their student finance advisor. 

Award amounts are determined by identifying the student’s estimated remaining program cost, including any outstanding balances, and subtracting any remaining financial aid, including grants, loans, and scholarships. 

• Only covers tuition and fees, student responsible for all other educational expenses.
• Must commit to making in-school monthly payments of $100 while enrolled in the M.D. program and $300 monthly while in residency.

Current students: Most fees can be paid securely online via the MyAUC Portal.

Newly enrolled students, parents/guardians, and graduated/non-active students:Please visit PayMyTuition for fee payment.

Money orders and checks: Checks or money orders can be made payable to AUC School of Medicine. Please include your Student ID and mail to one of the following addresses:

Standard Mail Delivery:
AUC School of Medicine BV
PO Box 74007517
Chicago, IL 60674-7517

Overnight Address:
Bank of America Lockbox Services
AUC School of Medicine BV 7517
540 W. Madison, 4th Floor
Chicago, IL 60661

Federal Return of Funds Policy: According to federal regulations, a federal refund calculation must be performed if a student receiving financial aid withdraws completely from all classes after the start of the enrollment period.

Length of enrollment is equal to the number of calendar days, including weekends and holidays, in the periods in which the student was registered. Breaks of five days or more are excluded.

The withdrawal date is the date the student begins the official withdrawal process -- electronically, in writing, or by telephone, whichever is earlier -- or otherwise officially notifies the institution of his/her intent to withdraw. For students who withdraw without notification, the school may use either the last date of academic attendance or the midpoint of the enrollment period as the withdrawal date. Failure to notify the Financial Aid Office of a withdrawal may result in additional tuition liability.

Length of enrollment is equal to the number of calendar days, including weekends and holidays, in the periods in which the student was registered. Breaks of five days or more are excluded.

The withdrawal date is the date the student begins the official withdrawal process -- electronically, in writing, or by telephone, whichever is earlier -- or otherwise officially notifies the institution of his/her intent to withdraw. For students who withdraw without notification, the school may use either the last date of academic attendance or the midpoint of the enrollment period as the withdrawal date. Failure to notify the Financial Aid Office of a withdrawal may result in additional tuition liability.

Federal Return of Funds Policy: According to federal regulations, a federal refund calculation must be performed if a student receiving financial aid withdraws completely from all classes after the start of the enrollment period.
Length of enrollment is equal to the number of calendar days, including weekends and holidays, in the periods in which the student was registered. Breaks of five days or more are excluded.
The withdrawal date is the date the student begins the official withdrawal process -- electronically, in writing, or by telephone, whichever is earlier -- or otherwise officially notifies the institution of his/her intent to withdraw. For students who withdraw without notification, the school may use either the last date of academic attendance or the midpoint of the enrollment period as the withdrawal date. Failure to notify the Financial Aid Office of a withdrawal may result in additional tuition liability.

Return of funds is calculated as follows:

Federal aid refunds are distributed in the following order:

Learn more about refunds of medical school tuition and fees or about return of Title IV funds.

• If the student’s percentage of enrollment period completed is greater than 60 percent, the student has earned – and must repay – 100 percent of the federal aid received.
• If the student’s percentage of enrollment period completed is 60 percent or less, the calculated percentage of enrollment will be used to determine the amount of aid returned.

1. Unsubsidized Direct Federal Stafford Loan
2. Subsidized Direct Federal Stafford Loan
3. Federal PLUS Loan
4. Federal Pell Grant
5. Federal Supplemental Education Opportunity Grant (FSEOG)
6. Other Title IV aid programs
7. State grants, and/or private or other institutional aid
8. To the student

Any student who pays medical school tuition and fees after the first day of classes will be charged a $100 late fee; any student with a delinquent account will be notified by the second week of the term that he or she must be financially clear by the end of the fourth week of the term; and any student who fails to fulfill the finance condition (is not financially clear by the end of the fourth week) will be involuntarily withdrawn from enrollment and his or her transcript will reflect a "W" grade for courses undertaken in that term. Standard cancellation and refund policies will apply to the balance of the account due.

Program fees effective as of September 2025. Subject to change without notice. Please see the Student Handbook for tuition and refund policies. Students must pay for all courses taken.

The total cost of attendance at AUC varies by program and location. For the 4-year MD program, total tuition is $116,100 for Basic Sciences and $67,000 for Clinical Sciences. You can find more information on the cost of attendance on the AUC website.

If you withdraw mid-semester, your tuition charges will be prorated based on the portion of the semester attended. You will be required to repay "unearned" financial aid to the relevant lender(s). If you withdraw after the first 60% of the semester, no refund is given.

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

AUC's FAFSA code is G22444. You will need this code to complete your FAFSA application.

As the UK track is exclusively for non-U.S. citizens, U.S. federal loans are not applicable.

AUC offers several scholarships to its students. Scholarships include the Medical Scholarship for Canadian Citizens, International Scholarship, Dean's Academic Scholarship, and Trustee's Academic Excellence Scholarship. You can review the eligibility criteria and application process for these and other scholarships on the AUC website.

Canadian citizens may be eligible for loans through the Canadian government and/or private loan programs. International students should research funding options available through their country's government.

U.S. Veterans and their dependents may be eligible for funding through the Veteran's Administration. You should contact the Department of Veterans Affairs for more information.

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.