Tuition and Fees

Tuition and fees are billed on a semester basis for students in Basic Sciences and in Clinical Sciences.

Tuition and fees for students in Basic Sciences 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 Financial Office. For students in both Basic Sciences and Clinical Sciences, a U.S. $100 late fee will be assessed if tuition and fees are not paid for on time.

Clinical Sciences

Tuition and fees for students in Clinical Sciences 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 Sciences 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 matriculants on or before the May 2021 Semester

Tuition per semester - Basic Sciences $16,075
Tuition per semester - Clinical Sciences $20,650


Effective for matriculants on or after the September 2021 Semester

Tuition per semester - Basic Sciences $19,950
Tuition per semester - Clinical Sciences $24,350



Tuition less than 17 credit hours ($865 per credit) $865
Malpractice Insurance - Clinical Science only (per semester) $260
Health Insurance (per semester, unless proof of coverage) $653
Transcript Request $10
Letter of Reference - first 3 free, thereafter $10
Document copies up to 15 pgs (Over 15 pgs., $1 per page) $15
Recreation Fee (Cayman Only) $35
National Board Fee $500
Leave of Absence Fee $500
Graduation Fee $500
Background Check Fee (depending on the required extent of search) $50-$250 
Late Registration Fee $250
Lab Fees $150 - $250
White Coat Ceremony Fee $60
Late Payment Fee $100
Returned Check Fee $35
Information Technology Fee** (per semester) $100
Administrative Fee (per semester) $175
Non-Refundable Application Fee $75
Cayman Entry Fee*** $113
Seat Deposit $500
Review Materials (Fifth Semester) $935

** Laptops are required for all students

*** Cayman Island Government Fee

The tuition and fees listed above apply, on the one hand, to matriculants on or before the May 2021 semester and, on the other hand, to matriculants on or after the September 2021 semester as the case may be.  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.

Medicine Scholarships

St. Matthew’s is proud of its longstanding commitment to educating students to return home as prominent practitioners in the U.S. and Canadian medical community and as ambassadors of the University.  St. Matthew’s also recognizes that a medical school education is a significant economic undertaking.  As such, St. Matthew’s has established an Academic Scholarship to assist applicants in financing their education. We look forward to reviewing the candidates.


Citizens or permanent residents of the United States and Canada.

Academic Criteria:

Candidates will be reviewed based upon a combination of several criteria that have been submitted with their application. This includes MCAT, undergraduate GPA, work history, and recommendations.

Award Amount:

Up to USD $45,000* in total, disbursed in a manner and over a timeframe determined the by Scholarship Committee. Amounts applied against tuition only.


All U.S. students accepted to the University that meet the “Academic Criteria” outlined above will be eligible for consideration for the scholarship. The Scholarship Committee will review each eligible candidate to determine the Award Amount.


Scholarships are reviewed only for the term in which a candidate applies. Initial screening and calculation of a GPA will occur upon submission of all transcripts to the University. Candidates that qualify will have their files submitted to the Scholarship Committee to determine the Award Amount. If a candidate defers to a different starting term, he/she will be reconsidered but there is no guarantee the award amount will remain the same.

Ongoing Eligibility:

After matriculation a student must remain in good academic standing and progressing in a timely manner (no remediation) toward completion of the program.


Candidates will be notified of the Committee’s decision. Candidates will have three business days to accept the award by notifying the Scholarship Committee at Scholarship Awards will only be disbursed as a credit against tuition.


*Per U.S. Federal Financial Aid regulations, awards made to Candidates that U.S. citizens or Permanent Residents and are applying for U.S. Federal Aid will have the award amount in each semester deducted from any disbursements of U.S. Federal Financial Aid.

As part of St. Matthew's University's commitment to the country and citizens of the Cayman Islands, one Basic Science tuition and fees scholarship is offered to qualified Caymanian citizens each calendar year, beginning in the January term.

This scholarship is awarded to a qualified applicant who meets all the admission requirements, shows exceptional promise for medical studies, is a current resident of the Cayman Islands and is dedicated to delivering health care to the country of the Cayman Islands.

Applicants must submit a Letter of Request to the Scholarship Review Board explaining the desire for consideration. This letter should include (but not be limited to) examples of tenacity, compassion and commitment to helping others, and must be received by the Review Board prior to November 10.

Proof of current Caymanian residency required.

The Jha Family believes in the concept of leadership and its benefit to the medical profession.

The Jha Family Scholarship is given on behalf of the Jha Family. The $3,000 per calendar year ($1,000 a semester) scholarship is open to new and current students who meet the criteria below. St. Matthew's University is proud to offer this scholarship to students who display exceptional leadership skills in the medical field. It is our way of rewarding leadership while encouraging individuals to pursue a medical degree.

At the time of application, candidates must:

» Have documented proof of participating in a leadership capacity.
» One letter of recommendation from a person that can attest to your leadership ability.
» Overall GPA not lower than 3.0
» Submit a letter requesting the consideration of the Scholarship Committee to the Director of Admissions, Adriana Marin-Negron at The letter must include (but not limited to): leadership abilities, community achievement and any leadership awards received.

The Scholarship Review Board

The Scholarship Review Board meets in Florida on or around July 15, March 15 and November 15 of each year to review all completed applications for all scholarship awards. All scholarship applications must be complete and ready for review prior to these dates because the staff must prepare the applications for review by the board. Therefore, it is necessary to set a deadline for receipt of applications prior to the meeting of the Review Board.

Deadlines for receipt of completed scholarship applications are as follows:

» November 10 for January semester
» March 10 for May semester
» July 10 for September semester

Scholarship recipients will be notified within two weeks of the Scholarship Review Board's decision.

Applications for Scholarship

Applications for the Academic Scholarship are available online at the forms library or from the Florida office. Completed applications may be faxed to: 1.800.565.7177.

Completed applications may be mailed to:

St. Matthew's University
Director of Financial Aid and Alumni Affairs
12124 High Tech Ave.
Suite 290
Orlando, Fl 32817
Phone: 407.488.1700
Toll-free: 800.498.9700
Fax: 800.565.7177

Award Recipient - Jennifer Henson

While discovering who I was and what I was destined to become, I learned whatever I set my mind to, I can accomplish. I graduated from Texas A & M University in three and a half years with honors and a Bachelors of Science in Biology. While at Texas A & M, I assisted in a research lab which led to a manuscript in review at BMC Genetics on inducible molecular defenses, ultraviolet radiation, and melanomagenesis in natural hybrids. Knowing that the possibilities of my research could help mankind, I decided to take my endeavors one step further. After graduation, I traveled to Guadalajara, Jalisco to learn about medicine in the Mexican culture. After observing my first surgery and interacting with patients on a daily basis, I exposed my burning passion for medicine.

Once returning to the United States, I called doctors in my area to expand my knowledge. While observing and learning about more surgeries, these doctors became my very close mentors and showed me the many facets of medicine. I would get quizzed on a daily basis which was an exciting and rewarding pressure, yet I went home every day longing for more. It was then that I decided to focus on helping patients with autoimmune disorders. I spent a year and a half maintaining close contact with select patients and assisting with research that looked for a better treatment or cure.

I have learned that to be a doctor, one must appreciate the vast amount of knowledge available and have a desire to obtain every ounce of it. I am prepared to take on the challenge of becoming a doctor; nothing else would satisfy my urge to help, learn, listen, answer, and treat. I look forward to achieving my passion at St. Matthew’s University.

Award Recipient - Cristina Varzoaba

My family and I immigrated from Romania to the United States in November 1999. Coming to America opened the door to my passion of science. I graduated in one semester from Huron High School, and then I attended college at Eastern Michigan University, where I double majored in professional chemistry and physiology. I graduated in 2004 with honors, and as a member of the International Honors Society.

During my undergraduate years I was involved in various activities. As a consequence I did research for the last three years; two in cell molecular biology and one in organic chemistry, each year presenting a poster summarizing that year’s research at the annual Undergraduate Symposium. On top of the research, I enjoy interacting with people and therefore started my endeavor by working as a tutor/proctor for the Chemistry Department and later at the University of Michigan Hospital as a patient attendant at night. During my undergraduate years I also was the proud recipient of the following distinctions: Fred C. & Ford R. Bryan Scholarship Award, Meta Hellwig Undergraduate Research Fellowship Award, and Maurice Decoster Chemistry Scholarship.

At the end of my college years I knew that I wanted to pursue a career in the medical field. As a result, I attended Texas Heart Institute School of Perfusion Technology to become a Clinical Perfusionist. After passing my boards I became a Certified Clinical Perfusionist. I started my career by joining the Lake Porter Cardiovascular perfusion team in August 2006. I’m still currently working for the group of seven physicians located in Northwestern Indiana. As a perfusionist I came in contact with physicians on a regular bases and it ignited my desire to become a physician myself.

Once again, I thank St. Matthew’s for making me a member of the School of Medicine, and one of the recipients of the academic scholarship.

Award Recipient - Marwa Elnazier

I was born and raised in Sudan, a country whose name dominates headlines because of the continuing Darfur conflict and seasonal flooding in different parts of the largest country in Africa. At the same time my home blessed me with rich culture and social values. My family lived on the outskirts of the capital, Khartoum. My parents believed in the value of education. Since early childhood, I learned that in order to be successful in life, I have to excel in school. Furthermore, living on the outskirts of the capital with the displaced families around us who were either fleeing from war-torn areas in Darfur and the south, drought in the far northwest, or the seasonal flooding of the Nile in the north, was in itself a great challenge and inspirational drive for me to try and make a difference in the lives of the people who were suffering around me.

My childhood in Sudan allowed me to experience the rural lifestyle in the vast Sudanese desert. As part of the female survival skills in such a demanding environment, I learned to be patient, diligent, and creative. I had to make everything form nothing. Before reaching my eleventh birthday, I was already a cook and caretaker for my siblings and extended family. When I was sent to school at age of seven, I sailed through primary school, excelling in mathematics, science, and English. I was so successful that the principal allowed me to skip the fourth grade.

Volunteering to work in the refugee camps around us was a great experience. My sister and her friends organized several health campaigns including vaccinations for the children and distributing food and medicine to the poor families. Endemic diseases like tuberculosis, Malaria, Typhoid and infectious diarrheas are common among refugees. Working among those displaced families sharpened my goals. Making a difference in the lives of those sick and hungry children through providing medical help was a way of life I wanted to pursue.

After graduating among the top of my class at Khartoum North Model High School, I applied and was accepted at Juba University. Juba is the capital city of southern Sudan. Because of the war in the south, the University was opened on temporary bases in Khartoum. Soon after the new school year began, political conflicts arose and because of the continued violence and disruptions, the University closed its doors for an unknown period of time. That is when I decided I have to pursue my educational goals outside Sudan.

Soon after I came to the United States, I joined Henry Ford Community College in Detroit, Michigan as a first step towards my goals. My diligent efforts earned me a placed in the dean’s List with a grade point average of 4.00 on a 4.00 grading scale for the 07/WI semester. I also received a congratulatory letter from the interim vice president commending me for an outstanding academic achievement in Henry Ford Community College. I then joined, University of Toledo and received my first scholarship (out of state award). While at the University of Toledo, I earned placement on the President’s Honor List and joined the Honor society of Phi Kappa Phi falling into the top 7.5 percent of University of Toledo

During my spare time, and in order to make a living, I worked at various retail stores like IKEA, Target and CVS. The opportunity also arose for me to volunteer and work at Dr. Ali’s Medical Practice. Working with Dr. Ali was a valued experience. It provided me with firsthand knowledge of how to organize charts and help elderly patients.

I have wasted no time since coming to this country in setting my goals and studying hard, while at the same time, working to earn a living and to support my family in Sudan. Through the help of my sister and myself, my younger brothers and sisters are now getting the education they need. Thank you all for the scholarship it is greatly appreciated. I will never forget where I came from. By working day and night, by succeeding in my studies, I am sure I will achieve my goals of studying medicine and be able to make a difference in my life and the lives of the members in my community and the world at large.

Award Reipient - Zoohra Mashriqi

My parents fled from the war in Afghanistan in the late 1980’s when I was one year old. Other families, who were unable to escape, were trapped in a time warp three decades behind the rest of the world. I grew up very cognizant of this fact, and seized all of the opportunities before me in order to reach my highest potential. My parents left their homeland for their children, and I vowed that I would not let their sacrifices go unnoticed.

I was raised in Flushing, New York a neighborhood with an overwhelming Afghan population, a majority of who are my relatives. There are over one hundred families in a two mile radius with the last name “Mashriqi,” consisting of my aunts, uncles, cousins, my parents’ cousins and so forth. My first cousins, Nazia Mashriqi and Ismatullah Mohmend, are also attending St. Matthew’s University with me so I feel that I will be taking a little bit of Afghanistan, and a little bit of Flushing with me to the Cayman Islands. In 2013, my cousins and I will graduate as the first three doctors in my family.

I am amazed when I think about how different I had imagined my future to be only one year ago. I began attending St. John’s University in 2005 in pursuit of a Physician Assistant Degree, from which I graduated on June 25, 2009 as Valedictorian with Summa Cum Laude Honors. Normally, a six year program, St. John’s offered a combined Bachelors of Science and PA certificate in four years for accelerated students. During my clinical year of PA school in 2008, I decided that I wanted to become a Physician because I realized that I cared too much about my patients, even as a student, to be dependent on another practitioner for medical judgment. While being a PA student, I learned the meaning of being a “team player” and the difference a healthcare practitioner can make through their compassion. These are the values I am grateful for and will fall back upon as a medical student, a resident, and when I reach my calling as an attending.

I close with a very fond memory I have of an attending I worked with during my pediatrics rotation. He explained to me the merit of being a physician despite the sleeplessness, the weariness, and the sacrifices he often had to make. He told me, “seeing an ill child walking out of the hospital with a smile on his/her face makes you step back and realize it will all be worth it.” I’ve learned from this and have become a branch of this healing tree. They say that physicians have the power of healing; the power of trust; and the power of delivery, all that unquestionably comes with great responsibility. I am fervently taking on this desired responsibility and am looking forward to the unpredictable, but familiar, paths that lie ahead.

Award Recipient - Jack Husni

My passion for medicine began as a young child. My visits to our family doctor meant more than just a check-up, rather it allowed me to spend time with my role-model. As I entered college as an undergraduate, my career choice had already been decided. I was convinced that the medical pathway was the right choice for me. However, at the same time, I realized this would be an excellent opportunity to focus on another interest of mine, economics. With a strong basis in economics, I am certain that it will assist me in my medical studies and practice.

One of the greatest experiences for me has been the time that I have spent volunteering at New York Community Hospital. Working in the Pharmacy Department, I was able to interact with doctors, nurses, pharmacists and most importantly with patients. It gave me a glimpse of just how crucial team work is in order to function successfully. While working there, I got the greatest satisfaction knowing that I was using my time and effort to help others. I am confident that that feeling will only grow as I become a physician, dedicating my life to helping others.

As I begin my medical studies, I feel the beginning of a lifetime of enjoyment and fulfillment. Wanting to pursue this path long ago, I am grateful that the opportunity to begin my medical studies has arrived. My hope is that I could use my compassion and care to improve the well-being of all the patients that I will take care of and make a difference in my community.

Award Recipient - Nancy Wilkins

As an undergraduate student majoring in Physiology at Southern Illinois University I was afforded the opportunity to take many upper level science classes with a strong focus on human anatomy and physiology. These courses allowed me to explore the intricate composition of our bodies through cadaver dissection and examine the role of each tissue and organ system in the functioning of the entire organism.

My realization of the vast amount of mystery in medical science sparked my interest in research. I have since been involved in multiple research projects including one in neuropsychology, biochemistry, physiology and neurology. After completing my undergraduate degree, I was invited to conduct my own research project for the Center of Alzheimer’s Disease and Related Disorders in central Illinois.

Being a part of others education was one of the most gratifying aspects of my undergraduate career. My junior year, I was hired as a biochemistry tutor for two student athletes who were struggling with the material. The following school year, I was appointed as the lab instructor for a survey of cadaver anatomy class, and subsequently was hired as an anatomy lab instructor for the Southern Illinois University Physician Assistant Program. Working in these positions strengthened and solidified my knowledge of anatomy, built upon my leadership skills, and allowed me to experience the tremendous responsibilities and joys of being an educator.

Throughout my undergraduate education I also had the opportunity to participate in multiple extracurricular activities that allowed me to explore the many different aspects of the medical profession. I obtained a more mature understanding of what a doctor does while volunteering at the emergency department at a local hospital, as well as serving at a health clinic for the underserved. At the emergency department I observed and listened closely as physicians applied the science that I learned in my textbooks to emergency medical situations, which could ultimately result in life or death. This intricate connection between knowledge and its application in saving a human life became enormously intriguing to me.

My experience at the health clinic presented me with the selfless and humanistic side of medicine. The volunteer physicians whom I had the opportunity to shadow and work with often come to the clinic directly after a long day at work, sacrificing their valuable time and expertise to help those who couldn't otherwise afford such treatment. Yet although they are working for free, in the little spare time they can find, they never failed to demonstrate the highest degree of caring and compassion when interacting with each patient. This observation has allowed me to appreciate the importance of a physician’s role as a medical healer as well as a counselor, and helped me to build an image of the physician I aspire to become.

Award Recipient - Tom Ruffin

I graduated from Florida State University in the Fall of 2008 with a major in Finance and a minor in Chemistry. When I entered college, I hoped to enter the world of finance. My sophomore year, I was invited to participate in a summer internship. Though I was grateful for the dynamic work experience, I was left intellectually and psychologically unfulfilled by the impersonal and routine nature of the job. I could not help but recall and reflect upon earlier conversations with physicians in my family. They would talk in great lengths about the personal appreciation and interest they had for medicine. These statements focused my attention back towards medicine, a field I had otherwise overlooked.

As a result of my newfound curiosity, I began to volunteer at the cardiac clinic for Children's Medical Services in Tallahassee, Florida as a means to further my understanding of the medical community. As an active volunteer, my responsibility had an impact on patients' daily lives. I developed a relationship with patients and an enthusiasm for the hospital. During the summers in undergraduate school, I shadowed Psychiatrists, Oncologists, and Endocrinologists with Shands Hospital at the University of Florida and experienced the honesty, helpfulness and reassurance which accompanies communicating a diagnosis. I also spent time in the operating room at the University of Michigan at Ann Arbor shadowing a vascular surgeon. My experience in the vascular surgery O.R. gave me the opportunity to examine the endurance and dedication that are demanded of a physician. These skills and the knowledge I acquired through these experiences fulfilled my intellectual curiosity, and intensified my dedication towards joining the medical profession.

My objective to pursue finance was interrupted by a change of aspiration and a lack of fulfillment. In all of my environments, I have been able to distinguish an immense satisfaction by helping others. It was through the operating room and Children's Medical Services that I recognized my fervor for personal interaction with patients and my desire to care for someone's personal health. It was these experiences that inspired me to face the challenges in achieving the honor of becoming a medical doctor.

Award Recipient - Anna Tzonkov

My name is Anna Tzonkov. I was born and raised in Bulgaria a small country in South -Eastern Europe. I came to the United States at age 20. I did my undergraduaate studies at Loyola University Chicago. I was awarded with an academic scholarship and graduated with Magna Cum Laude in Biology and a minor in Chemistry. My name remained on the National Dean's List during that period of time.

At the university I was invloved in many different activities but I knew that my purpose was to serve those who need help. With the assistance of few professors, I and three other students established the GlobeMed Chapter at Loyola University. An organization for college students trying to improve global health in vulnerable communities around the world. Our last project was focused on a clinic in Guatemala where we sent students on a volunteer mission.

For the past two years I shadowed a neurologist at Resurrection Hospital in Chicago. I had the opportunity to learn a lot about different neurological disorders, complicated clinical issues in human anatomy and genetics. At the same time I also volunteered as a triager at Community Health - a small volunteer based clinic which provides care for people who could not afford healthcare.

I believe that medicine is a lot more than just resolving complicated science puzzles, diagnosing and providing the right treatment for the patient. Most importantly, I have come to understand that behind each patient there is an individual, a person who needs help. And my mission is to learn how to better understand my future patients and people from different backgrounds and prospectives on life so I can fully serve them in the honorable profession of medicine.

Financial Aid - Loans

Types of Aid

St. Matthew University School of Medicine’s M.D. program has been approved to participate in the William D. Ford Federal Direct Unsubsidized Stafford and Grad PLUS Loan programs which are both administered by the U.S. Department of Education.

Additional information regarding these loan programs is available through the U.S. Department of Education website at

To apply, complete the Free Application for Federal Student Aid (FAFSA) online at

You will need to set up a FSA ID. If you do not have a FSA ID or need to request a duplicate one, you may do so online at

St. Matthew’s University School of Medicine’s school code is 037643.

The general eligibility requirements are that you must:

  1. Be a U.S. citizen or an eligible noncitizen;

  2. Have a valid Social Security Number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);

  3. Be registered with Selective Service, if you are a male (you must register between the ages of 18 and 25);

  4. Not be in default on a federal student loan and do not owe money on a federal student grant;

  5. Sign statements on the FAFSA stating you will use federal student aid only for educational purposes

  6. Be accepted in an eligible degree program;

  7. Be enrolled at least half-time and, if completing a clinical rotation, at an approved site as established by the Office of Financial Aid;

  8. Maintain Satisfactory Academic Progress (SAP). More information on SAP may be found under the Student Consumer Information section of our website.

This is a non-need based loan in which the student is responsible for the interest during all periods including times of enrollment and grace and deferment periods.

You may decline all or a portion of the loan that is offered on the award letter. A student must notify the Office of Financial Aid in writing of any requests to decline this loan.

  1. Maximum annual loan amount: $20,500

  2. Fees: An origination fee of 1.057% will be deducted at the time of each disbursement.

  3. Interest rate: All loans first disbursed after July 1, 2019 have a fixed interest rate of 6.08%. You may choose to pay the interest while you are in school. If you choose not to pay the interest while you are enrolled, it will be added to the unpaid principal amount of your loan (called capitalization).

  4. Grace period: There is a six month grace period following graduation, withdrawal, or drop below a half-time enrollment status. Principal payments may be deferred during the grace period.

  5. Repayment: Repayment of both the principal and interest will begin six months after graduation, withdrawal, or an enrollment status of less than half-time. There are several repayment plans available such as Standard, Graduated, Extended and Income-Based Repayment. Additional information on each plan, as well as loan consolidation and sample repayment charts, may be found on the U.S. Department of Education’s website at

  6. Aggregate Loan Limit: $138,500, of which no more than $65,500 may be in Federal Subsidized Stafford Loan funds. This aggregate limit includes all federal loans received for undergraduate study.

  7. Requirements:

    • Entrance Counseling and Master Promissory Note (MPN): All first time borrowers must complete the Federal Direct Stafford Loan Entrance Counseling and MPN before any funds may be disbursed to your student account. These requirements may be completed online at You will need your four digit Federal PIN to log on.
    • Exit Counseling: Students who graduate, withdraw or drop below a half-time enrollment status are required to complete an exit interview. This counseling reviews your rights and responsibilities as a Federal Direct Stafford Loan borrower, as well as, the repayment, deferment, forbearance, and consolidation options available. You may complete this requirement via the U.S. Department of Education’s website at

This is a loan available to students enrolled in a graduate program of study to assist in paying for educational expenses.

  1. Eligibility: In addition to the general eligibility requirements above Grad PLUS Loan eligibility requirements include:
    • Meet the general Federal financial aid eligibility requirements
    • Complete the FAFSA
    • Not have adverse credit history (more information may be found on this at

  2. How to apply: Complete the online application at

  3. Maximum annual loan amount: Cost of attendance minus other financial aid.

  4. Fees: An origination fee of 4.228% will be deducted at the time of each disbursement.

  5. Interest rate: All loans first disbursed after July 1, 2019 have a fixed interest rate of 7.08% which will begin accruing from the first date of disbursement.

  6. Repayment: Loan is placed in a deferment status while enrolled at least half-time and for an additional six months after you cease to be enrolled at least half-time. You are responsible for the interest during your periods of enrollment, grace and deferment. Several repayment plans are available and you may learn more about these, as well as repayment charts, online at

  7. Requirements:

    • Entrance Counseling and Master Promissory Note (MPN): All first time borrowers must complete the Federal Direct Grad PLUS Loan Entrance Counseling and MPN before any funds may be disbursed to your student account. These requirements may be completed online at You will need your four-digit Federal PIN to log on.
    • Exit Counseling: Students who graduate, withdraw or drop below a half-time enrollment status are required to complete an exit interview. This counseling reviews your rights and responsibilities as a Federal Direct Grad PLUS Loan borrower, as well as, the repayment, deferment, forbearance and consolidation options available. You may complete this requirement via the U.S. Department of Education’s website at
Most awards are disbursed in equal amounts each semester and are applied directly to the student’s account. Disbursements are made once all required paperwork for the loan(s) has been completed and semester enrollment confirmed.

Any loan funds St. Matthew’s University receives in excess of the allowable semester charges will be refunded to the student via a check.

Financial Aid for Canadian Students

Canadian students are eligible for Federal Loans through the Ministry of Education Student Support Branch in the province of residence. (For example, Ontario residents are eligible for OSAP loan.) Students may apply for up to 52 weeks of financial assistance annually. Canadian students should contact their individual province directly for information regarding additional requirements. St. Matthew’s University school code is: NUBQ.

Additional information may be available from the provincial and territorial student financial assistance offices:

  1. Alberta (
  2. British Columbia (
  3. Manitoba (
  4. New Brunswick (
  5. Newfoundland Labrador (
  6. Northwest Territories (
  7. Nova Scotia (
  8. Ontario (
  9. Prince Edward Island (
  10. Saskatchewan (

To apply for a credit based loan from Royal Bank of Canada or the National Bank of Canada, Canadian students accepted to St. Matthew's University may go to any bank branch office with their acceptance letter.

Royal Bank of Canada Branch Locator

National Bank of Canada Branch Locator

Office of Financial Aid

Email address for US :
Tel: 1.800.498.9700
Fax: 1.800.856.9499

Mailing Address: Office of Financial Aid
St. Matthew's University, School of Medicine
c/o R3 Education, Inc.
27 Jackson Road, Suite 300
Devens, MA 01434

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 start of the semester 100%
During the first week of the semester 93%
During the second week of the semester 87%
During the third week of the semester 80%
During the fourth week of the semester 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 to St. Matthew's shall receive a full refund of all tuition and fees paid.

*All fees, including the first semester seat deposit fee of $500.00 and the $75.00 application fee, are excluded from this refund policy and are not refundable after the first three days' exemption as previously described.

Other Charges

Students attending Basic Sciences 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.