Paying for medical school can feel overwhelming, but with the right planning and support, it’s a manageable and worthwhile investment in your future. St. George’s University (SGU) offers guidance, scholarships, and financial resources to help make the path to becoming a doctor more accessible.
Financial planning
Effective financial planning is the first step toward managing the cost of medical school with confidence. Understanding how much it costs to apply to medical school, like application fees, can help you budget early and avoid surprises later in the process.
It’s also important to know what to ask. These key questions for financial aid officers can clarify your options and responsibilities.
For real-world insights, explore SGU alumni experiences or visit SGU’s financial planning resources to start mapping out your own strategy.
Medical school cost overview
Understanding the full cost of medical school goes beyond tuition and fees—it also includes expenses like housing, transportation, and study materials. Taking all of these factors into account can help you create a realistic budget and plan for the financial commitment ahead.
Tuition and fees
Tuition and fees make up the core of your medical school expenses, so it’s important to understand what they include and how they’re structured. You can start by reviewing SGU’s Tuition, Fees, and Financial Planning homepage for an overview of current rates and available support.
For a detailed look, explore the cost breakdown of tuition and administrative fees. Also, don’t forget to factor in non-tuition expenses such as books, equipment, and living essentials. To see the overall cost, review SGU’s total cost of attendance for the 4-, 5-, 6-, and 7-year MD programs.
Cost considerations
When evaluating the cost of medical school, it’s important to look beyond the price tag and consider the long-term value of your investment. Factors like curriculum quality, clinical experience, and career outcomes all influence your return on investment. Be sure to evaluate these six things to consider when weighing the cost of SGU tuition to help you assess value more clearly.
While affordability matters, cost alone shouldn’t be the deciding factor. The value of an SGU education lies in the strength of its training, global clinical opportunities, and success in residency placement.
Scholarships
At SGU, scholarships help you focus on what matters most—your journey to becoming a doctor. More than $88M in SGU scholarships were granted to entering MD students in the 2024-25 academic year, with all accepted applicants automatically considered for personalized awards.1
Explore SGU scholarships to see how you could make your medical career more attainable.
SGU scholarship offerings
Academic Merit Scholarships: These scholarships reward your overall academic performance including GPA, standardized tests (when available), and predicted grades.
Difference-Maker Scholarships: This scholarship celebrates outstanding individuals dedicated to making a positive impact on others’ lives through volunteerism, careers, service initiatives and/or innovative research.
Connections And Community Scholarship: Here we recognize the rich tapestry of connections within the SGU community, fostering excellence through siblings’ bonds, legacy achievements, institutional partnerships, and community collaborations.
Mission-To-Serve Scholarships: For individuals driven by a commitment to serve specific communities these scholarships are a testament to your dedication. Tailored to each program, these distinctive awards necessitate adherence to specific criteria, inviting applicants to articulate their aspirations through a separate application process. Scholarships included are:
SGU blog scholarship resources
- Paying for Med School May Not Be as Daunting as You Think
- Medical School Scholarships: An Expert’s Insight
- Are There Scholarships for Medical School?
- How to Find Scholarships for Medical School
- The Medical School Scholarships You Haven’t Considered
Student loans
Student loans are an important resource for many aspiring physicians, helping bridge the gap between savings, scholarships, and the total cost of medical education. Understanding your options is key—these FAQs about FAFSA for medical school and this guide to understanding student loans for medical school can help you get started.
SGU participates in the William D. Ford Federal Direct Loan Program, which offers US federal student loans for the Four-Year MD. These loans are available to US students who are US citizens or US permanent residents in the School of Medicine who are or have been enrolled in the Basic Science portion of their program in Grenada. For strategies on managing debt after graduation, explore advice for paying off medical school loans.
SGU is also approved by the Canadian Ministry of Education, entitling most students to the ability to receive Canadian federal loans, provincial loans and federal grants.
Learn more about financial assistance for Canadian students.
1 Data as of September 2025. The scholarship total represents assistance for the duration of students’ four-year MD program.
