Tuition and Fees
Learn about the tuition and fees for our MD program.
MD Program Tuition and Fees
Tuition and fees are billed on a semester basis for students in Basic Science and in Clinical Medicine.
Basic Science
Tuition and fees for students in Basic Science are due upon registration but no later than fifteen days prior to the first day of classes. Non-payment by the first day of classes may result in registration being canceled.
Tuition and fees are subject to change. Students with an outstanding balance are not eligible to register for the next semester without clearing up that outstanding balance to the satisfaction of the Student Accounts Office. For students in both Basic Science and Clinical Medicine, a U.S. $200 late fee will be assessed if tuition and fees are not paid for on time.
Clinical Medicine
Tuition and fees for students in Clinical Medicine are due prior to registration and at least one month prior to the commencement of the semester and/or clinical rotation. Tuition and fees are charged for all clinical rotations. Students in Clinical Medicine will be billed for an entire semester regardless of the starting date as long as the student is anticipated to be in rotations.
Additional charges may be due during fourth year if students choose elective rotations with costs exceeding the standard St. Matthew’s University subsidy rate. Each student will pay a maximum of five clinical sciences semesters (given that no rotations were failed).
| Effective for students in the MD program beginning in September 2026 | USD |
|---|---|
| Basic Science Tuition per Term (Terms 1-5): | $18,202 |
| Basic Science Administrative Fee per Term (Terms 1-5): | $7,570 |
| Clinical Medicine Tuition per Term (Terms 6-10): | $24,406 |
| Clinical Medicine Administrative Fee per Term (Terms 6-10): | $5,794 |
| Total Tuition and Administrative Fees: | $279,860 |
Additional Fees
| All additional fees are paid in USD | |
|---|---|
| Graduation Fee: | $500 |
| Background Check Fee (Depending on the required extent of search): | $50-$250 |
| Cayman Entry Fee:** | $113 |
| Returned Check Fee (insufficient funds): | $35 |
| Late Tuition Payment Fee: | $200 |
| CBSE Retake Fee: | $300 |
| Part-Time Tuition per Credit Hour: | $850 |
| Part-Time Administrative Fee per Credit Hour: | $355 |
| Deferment Fee (non-refundable): | $500 |
| Leave of Absence Fee: | $500 |
| Transcript Request Fee: | $10 |
| Tuition Deposit (non-refundable): | $500 |
| Malpractice Insurance per Term (Terms 6-10): | $295 |
Laptops are required for all students
** Cayman Island Government Fee
St. Matthew’s University School of Medicine Board of Trustees reserves the right to change tuition and fees or to establish additional fees or charges whenever in their opinion such action is deemed necessary.
Ways to Pay
The following payment options are available to students at St. Matthew’s University School of Medicine:
Students will be billed approximately two months prior to the beginning of each new semester. Invoices are emailed to the student’s email address.
Payments for a student’s semester bill should be directed to the Bursar’s Office. If a bill is not received, it is the student’s responsibility to contact the Finance Office.
Please mail your check or money order in U.S. funds, made payable to St. Matthew’s University School of Medicine:
St. Matthew’s University School of Medicine
c/o R3 Education Inc.
27 Jackson Road, Suite 302
Devens, Massachusetts 01434, United States
SMUSOM also accepts payments via wire transfer. Contact Student Accounts at studentaccounts@stmatthews.edu to request the banking instructions. Students can also pay by credit card via their student portal.
Preferred payment method for international students:
St. Matthew’s University has partnered with PayMyTuition for international tuition payments. With PayMyTuition, you can pay your tuition payments from any bank, in any country in any currency at better than bank exchange rates. PayMyTuition is fast, simple, and cost effective.
Additional Information on PayMyTuition:
How to make a payment – step-by-step PDFs:
- English
- French
- Spanish
- Portuguese
- Vietnamese
- Japanese
- Korean
- Traditional Chinese / Simplified Chinese
- Arabic
- Punjabi
- Hindi
- Farsi
- Turkish
- German / Bernese German
- Swedish
- Dutch
PayMyTuition customer support information
Call 1.855.663.6839 (toll-free) or through one of their local country contact numbers. You can also reach PayMyTuition Support at support@paymytuition.com or through their support page.
No matter what time zone you are in, you will have a dedicated customer support team available to you through live chat, email and phone to answer any of your questions and help you make your payment.
Tuition Payment Policies
The following are the tuition payment policies for students at the St. Matthew’s University School of Medicine:
All students are responsible for payment of tuition and fees by personal check, bank check, money order, or wire 45 days prior to matriculation into each new semester, whether in the Basic Science or Clinical Medicine program.
If payment is made by check, the canceled check will serve as the student’s receipt. If a student remits a payment check that is returned because of insufficient funds, he or she must make any future payments to the University in the form of a U.S. bank check or money order. Payment of all tuition and fees is due in full by the due date specified on the student bill. A returned check fee of $35 will be imposed for a personal check returned that was not honored.
Students will be assessed a late fee of $200 for tuition not paid on or before the tuition due date. Tuition not received prior to the start of each semester will result in the cancellation of classes.
(Rates are subject to change without notice.)
Tuition and fees shall be refunded in full—less an administrative fee of U.S. $100 and, if applicable, the U.S. $500 seat deposit and the U.S. $500 deferment fee—if notice of withdrawal is received prior to the first day of the semester.
All refunds will be made within thirty (30) days of the withdrawal date. Before any refund can be initiated, a withdrawal form must be completed and submitted to the Dean of Basic Science.
Basic Science tuition will be refunded according to the following schedule*:
- Prior to the first day of the semester: 100%
- During the first 5 class day period: 93%
- During the second 5 class day period: 87%
- During the third 5 class day period: 80%
- After the third 5 class day period: No refund
Any student withdrawing from a clinical rotation, subsequent to assignment and acceptance, will not be subject to a refund on tuition for that semester of rotation. Any new applicant to St. Matthew’s University requesting withdrawal within three days of payment of the seat deposit shall receive a full refund of all tuition and fees paid.
*All fees, including the first semester seat deposit fee of $500.00, are excluded from this refund policy and are not refundable after the first three days’ exemption as previously described.
Students attending Basic Science in Grand Cayman will be billed monthly for miscellaneous charges. Payment is due upon receipt of these invoices. Non-payment of accounts will result in the loss of credit privileges on campus.
PLEASE NOTE: All figures are in USD. Tuition and fees are subject to change.
For the most up-to-date information about financial aid, click the link below.