Financial Aid Options at Aureus University School of Medicine
At Aureus University, we understand the importance of making your medical education affordable. While we are a relatively young institution, our dedicated management, board, and experienced faculty are committed to assisting students with their financial needs.
Available Financial Aid Options:
1. Private Loans:
- U.S. Options: Although federally subsidized loans are not available, students can apply for loans from private lending institutions and banks. A co-signer is generally required to secure these loans.
- TFC Tuition Funding: TFC Tuition Funding Corporation offers loans to eligible students at Aureus University, with the requirement of a co-signer.
2. Canadian Savings Programs:
- RESP & CESP: Aureus University participates in the Registered Education Savings Plan (RESP) and the Canada Education Savings Program (CESP), which are backed by the Canadian government.
- OSAP: The Ontario Student Assistance Program (OSAP) is available for students residing in Ontario, Canada, providing another viable option for financial support.
3. Tax Benefits:
- Aureus University is recognized by the Canada Revenue Agency (CRA) as an eligible offshore university under Paragraphs 118.5(1)(b) and 118.6(1)(b) of the Canadian Income Tax Act. This recognition can provide students with potential tax benefits.
4. U.S. Veterans Benefits:
- GI Bill: United States veterans are encouraged to utilize their GI Bill benefits, which can cover a significant portion of the tuition costs at Aureus.
- VA Education Program: Additionally, U.S. Veterans can benefit from the VA Education Program, further aiding their educational pursuits in the field of medicine.
Support and Guidance:
Upon acceptance to Aureus University, you will receive comprehensive guidance and support from our experienced staff at our US Admissions Office. We will direct you to the appropriate financial institutions and assist you with obtaining the necessary information and documentation to apply for financial aid.
Our goal at Aureus University School of Medicine is to make your transition into medical education as seamless as possible by providing a variety of financial aid options to meet your individual needs.