Financial aid to help make your veterinarian education affordable.
St. George’s University offers a variety of veterinary scholarships and loans to help you address the cost of vet school.
The Office of Financial Aid administers the financial aid available to SGU students, including federal student aid, need-based scholarships, and student loans. We also help students in financial planning, debt management counseling, and with the completion of financial aid applications.
Financial Aid Counselors can be reached Monday through Friday from 9 am–5 pm (Eastern) at:
US/Canada Toll-free: 1 (800) 899-6337 ext. 1232
Worldwide: +1 (631) 665-8500 ext. 1232
Fax: +1 (631) 666–9162
The majority of students earning a Doctor of Veterinary Medicine degree (DVM) who use financial aid do so in the form of student loans that are to be repaid after completion of the degree.
FOR UNITED STATES CITIZENS OR PERMANENT RESIDENTS
US Federal Student Loans
US Federal Student Loans are only available for the Four-Year DVM portion of all dual degrees. Students are not eligible for US Federal Loans if enrolled in courses outside of Grenada or the US at any point during the DVM program and for any subsequent enrollment thereafter.
The William D. Ford Federal Direct Loan Program consists of the Federal Direct Unsubsidized Loan and Federal Direct Graduate PLUS Loan. The maximum loan amount for which a student is eligible may not exceed the cost of attendance (as defined by St. George’s University) less any other financial aid received for the academic period in which the student is enrolled. Eligible students can borrow up to $20,500 per academic year from the Federal Direct Unsubsidized loan not to exceed an overall aggregate amount borrowed of $138,500. The Federal Direct Graduate PLUS loan program is used to bridge the gap between the Unsubsidized Loans and the remaining cost of attendance. Students must not have an adverse credit history in order to qualify for a Federal Direct Graduate PLUS loan. The Direct PLUS loan does not have an aggregate limit.
Students may choose to pay the interest while attending school. If allowed to accrue, interest will be capitalized (added to the principal balance) at the beginning of the repayment period. The interest rate for all Unsubsidized loans with a first disbursement on or after July 1, 2019 is fixed at 6.08%. The interest rate for all Grad PLUS loans with a first disbursement on or after July 1, 2019 is fixed at 7.595%. The student will also be required to pay a pre-disbursement loan origination fee on the amount borrowed. Currently, the fee is 1.059% on Unsubsidized loans and a 4.236% on Direct PLUS loans. These fees will be deducted from the amount borrowed and will be reflected in the disbursements issued to the student’s account.
Loans are typically processed for an academic year and are disbursed in two installments. Disbursements typically occur 10 days before the start of an academic term. For example, if a student requests a $20,500 Federal Direct Unsubsidized Loan, the Department of Education will release half the requested amount, less loan fees, any applicable fees for the first term of the academic year, and release the second half of the approved amount (less fees) 10 days before the start of the second term. Loan funds are disbursed to the student’s account and if a credit balance is created, the credit will be refunded to the student by check or direct deposit, typically within 5 business days.
Under the Direct Unsubsidized and Graduate PLUS loan programs, the student is responsible for all accruing interest and may choose to repay the interest while in school or defer it until repayment begins. Upon graduation, a grace period is applied automatically to your Federal Direct loans. The grace period is a one time 6-month period during which no payments are required, although interest will continue to accrue on these loans. If a student ceases to be enrolled at least half-time (withdraws or takes a leave of absence), the 6-month grace period would apply in most circumstances. Students who withdraw, drop below five (5) credits or graduate must complete online Exit Counseling if they have received any Federal Loans. The Exit Counseling will provide you with your federal loan history and will inform you of your repayment options.
Repayment on these loans begins 6 months after the student ceases to be enrolled at least half-time. The amount of your monthly repayment is calculated based upon the total amount that you have borrowed, as well as the repayment plan that you choose. Visit the Repayment Plans and Calculators page at studentloans.gov to learn about repayment plans.
Students can apply for US federal loans by completing the Free Application for Federal Student Assistance (FAFSA) at fafsa.ed.gov. When completing the FAFSA, be sure to the appropriate school code. The SGU School of Veterinary Medicine federal school code is G39743. Students will also need to complete an online Entrance Counseling and Master Promissory Notes in order to complete the application process.
To receive Direct Loans, recipients must be either permanent residents or citizens of the United States, be enrolled in the School of Veterinary Medicine at least half-time, maintain satisfactory academic progress, and not be in default on any prior U.S. government guaranteed loan. These guidelines are subject to statutory and/or regulatory changes in the U.S. Higher Education Act and the Title IV Program Regulations. For details on how to apply, click here.
Students borrowing federal loans can complete the Title IV Authorization form online through their SGU Student Self Service account. This will allow the Student Finances office to apply your federal loan proceeds toward non-tuition charges such as books and health insurance in order to satisfy your student account.
Private Educational Loans
Private educational lenders in the United States offer students at St. George’s University students alternate loans. US Students can apply for these loans to meet all or part of their cost of attendance. Some lenders may also offer private loan programs for parents, guardians, sponsors, or other individuals who wish to borrow on behalf of the student to help fund their education. These private loan programs are all credit-based and are offered only to borrowers who have a satisfactory credit history as determined by the lender. The loans may have a fixed or variable interest rate that is tied to an index, such as LIBOR or PRIME, plus a margin. The interest rates and fees you pay on a private student loan are based on your credit score and the credit score of your cosigner, if applicable. These loans have repayment terms that begin following graduation or withdrawal from school and may be able to be extended up to 25 years.
The Financial Aid Office at SGU provides extensive financial aid counseling services to students in order to help them understand the eligibility requirements, terms and conditions.
St. George’s University does not prefer, recommend, promote, endorse, or suggest any lenders. You are not required to borrow from any of the lenders appearing on these lists and there is no penalty for selecting a different lender, if available.
St. George’s University is approved by the Canadian Ministry of Education, entitling most students to the ability to receive Canadian Federal loans, Provincial loans and Federal grants.
The Canada Student Loans Program (CSLP) offers financial assistance to full-time and part-time students pursuing post-secondary education in the form of loans, grants and repayment assistance. The CSLP delivers student financial assistance in partnership with most provinces and territories. Quebec and the Northwest Territories operate their own programs.
These loans are interest-subsidized by the Canadian government while the student is enrolled in school and maintaining satisfactory academic progress as determined by the individual province. Below you will find a comprehensive list of available funding by Province. To supplement the financing of their education, students usually apply for a professional line of credit available through the banks in Canada. Credit lines can be approved for between $150,000 and $500,000,depending on the bank you choose to apply with. Please note all banks will require a co-signer.
St. George’s University is committed to ensuring that students are aware of all of their financial aid options. We have designated a counselor to work directly with Canadian students to address their questions and needs. For more information, please contact:
Alberta Student Financial Assistance Students are eligible for both the federal and provincial funding as well as low- and middle-income grants in Alberta. The combined maximum a student can receive is $42,000 (CAD) per term. If the term starts/ends mid-month, the award is prorated and the award is made for the whole month or nothing for that month. Students are awarded funding by the month.
British Columbia Student Financial Aid Students are eligible for both the federal and provincial funding as well as low- and middle-income grants. Students can receive up to $320 (CAD), $210 federal and $110 provincial, per week and $4,500 per year in a grant. Students are awarded funding by the month. If the term starts/ends mid-month, the award is prorated and the award is made for either two or four weeks of funding depending on the exact date.
Manitoba Student Aid
Students are eligible for both the federal and provincial funding as well as low- and middle-income grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial, per week and $4,500 per year in a grant. Funding is awarded by the literal number of weeks in a term.
Newfoundland Student Financial Assistance Students are eligible for both the federal and provincial funding as well as low- and middle-income grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial, per week and $4,500 per year in a grant. Funding is awarded by the literal number of weeks in a term.
Nova Scotia Student Assistance
Students are eligible for both the federal and provincial funding as well as low- and middle-income grants. Students can receive up to $390 (CAD), $210 federal and $180 provincial, and $4,500 per year in a grant. Students may be awarded up to 40% of the provincial loan amount in a scholarship.
Ontario Student Assistance Program
Students are eligible for federal funding only (not provincial). Maximum federal funding is $210 (CAD)per week of instructional time. Students are also eligible for low- or middle-income grants (up to $4,500 (CAD) per year).
Saskatchewan Student Loans Program Students are eligible for both the federal and provincial funding up to $662 (CAD), $210 federal and $452 provincial, per week. Awards are based on actual number of weeks of instructional time. Students are also eligible for low- or middle-income grants.
SGU awards partial scholarships for veterinary students who demonstrate financial need and/or academic excellence. Those students who feel they meet the criteria for one or more veterinary school scholarships and grants programs are encouraged to apply. Although an application may be reviewed for several programs, a recipient generally will receive only one type of scholarship.
Scholarship Opportunities for Entering Freshmen
International Peace Bursary
Partial scholarship awards to non-US citizen/permanent residents who demonstrate financial need and can fund the balance of their education beyond the scholarship award. The International Peace Bursary program is committed to promoting a student body made up of diverse nationalities and cultural backgrounds, which in the future will contribute to a worldwide medical community. Partial tuition scholarship awards are granted to international students who exhibit financial need and who are committed to returning to their home countries as physicians dedicated to the enhancement of the countries’ medical care systems. These awards are grants-in-aid and do not have to be repaid.
Submit the application, above, along with the Confidential Financial Statement section of the admission application.
Two scholarships are awarded annually to Grenadian citizens. Applicants must have been accepted into the University by the Committee on Admission, nominated by the Scholarship Selection Panel, and awarded by the Grenadian Government. The scholarships provide full tuition and administrative fees. This scholarship is only awarded in January.
Scholarship Programs for Entering US Citizens or Permanent Residents
The Office of Financial Aid, in accordance with guidelines set by the school’s Financial Aid Committee, makes the selection of award recipients. Award determinations are based upon the degree of the student’s financial need and the availability of funds from SGU, as well as each scholarship program’s specified criteria. A student’s ability to finance his/her education beyond the extent of the financial aid award is also an important selection criterion. Applicants should be aware that the funding is limited, and the quality of the applicants is very competitive. Unfortunately, awards cannot be made to every deserving student. Special consideration will be given to students not currently awarded a scholarship. Applications will be reviewed and award determinations made in a timely manner.
Scholarship Opportunities for Upperclassmen Students
Morris Alpert Scholarships
This scholarship is dedicated to the memory of Morris Alpert, MD, the first Dean of Kingstown Medical College. Each year, several partial tuition scholarships will be awarded to upperclassmen who have achieved academic excellence. Recipients of these awards must also demonstrate financial need and meet the high moral and ethical standards set by Dr. Alpert for his students during his tenure on the faculty of St. George’s University.
A prospective upperclassmen award candidate must have completed Terms 1 and 2 of their academic program.
Applicants must demonstrate both financial need and academic excellence. Special consideration will be given to students not currently awarded a scholarship.
Determinations are made once each year after June 1. Students are welcome to reapply each academic year. Applications will be reviewed and award determinations made in a timely manner after the deadline date.
Applications submitted after June 1 will be held for review until the following year.
December 1: Applications will have the opportunity to be awarded for term(s) remaining in academic year.
June 1: Applicants will have the opportunity to be awarded for full academic year.
Applications submitted after June 1 will be held for review until the following year.
William M. McCord Scholarships
This scholarship is dedicated to the memory of William M. McCord, MD, a leader in the field of medical education in the United States who had a major impact on the development of St. George’s University School of Medicine’s clinical program. These partial tuition scholarships are awarded to students who withdraw from a term due to compelling personal reasons, and when they return to resume their studies suffer undue financial hardships which affect their ability to pay for their education. These awards are grants-in-aid and do not have to be repaid.
Email Michele Wulfken at email@example.com to detail the circumstances surrounding your leave of absence. Contact Michele Wulfken directly at ext. 1391 with any questions about this scholarship.
Tips on Saving Money
Whether you’re concerned about how to afford traveling to and from Grenada or budgeting during your time as a college student, SGU offers many insights on making college expenses more affordable.
Hear from students who share their perspective on some great ways to save money.
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