Financial Aid

Medical School Tuition

Medical school tuition structure at Caribbean Medical University has been designed in a "student friendly" way, that makes a dream of medical career more affordable to every student interested in studying medicine. Medical school tuition and fees are due and payable prior to the beginning of each semester. Other school fees are due by the due date on the invoice, usually within 30 days. All students paying tuition and fees are entitled to the university services, facilities such as Library Services, Computer Rooms and other education related services. Required fees must be paid by all students.

The table below specifies the tuition, school fees and other student expenses per semester /4 months/ unless otherwise specified.

2017 Fees Schedule Premed MD Program
Basic Science Clinical Science
Tuition Fees
Full-time Tuition (per semester) $3,900 $5,900 $7,9006
Part-time Tuition (per credit) $208 $342 $827
Student Liability Insurance 1 n/a n/a $290
Student Government Fee $40 $40 $40
Dorm Rates (per semester)
- Andres Bello Residence 2
Single Occupancy $2,400 $2,400 n/a
Double Occupancy $1,600 $1,600 n/a
- Clarion Residence 2
Single Occupancy $3,200 $3,200 n/a
Double Occupancy $2,000 $2,000 n/a
Suite Single Occupancy $4,400 $4,400 n/a
Suite Double Occupancy $2,800 $2,800 n/a
Meal Plans
Single (one meal a day)3 $390 $390 n/a
Double (two meals a day)3 $680 $680 n/a
Other Fees (one time)
• Application Fee $75 $75 $75
• Enrollment Reservation Fee 4 $1,000 $1,000 $1,000
• Student Visa Processing Fee $350 $350 n/a
• Clinical Skills Examination Fee n/a n/a $95
• Graduation Fee N/A N/A $780
Estimated Expenses
Required Textbooks $200 $300 N/A
Off-Campus Housing5 $600 $600 $700
Living Expenses $400 $400 $500
Air Fare /round-trip/ $600 $600 N/A

1 Student Liability Insurance is mandatory for all Clinical Science students. IMPORTANT: Students with past due balance are not covered by the insurance plans.

2 Per semester /4 months/. The rate includes water, electricity, A/C, Internet, Direct TV and transportation of the school's bus to and from school.

3 Lunch and/or dinner offered at the on-campus students restaurant Monday through Friday 11am till 5.30pm for the duration of one semester excluding semester breaks and holidays.

4 A non-refundable one-time enrollment reservation fee due by the date specified in the acceptance letter to secure a place in class or rotations. At registration, it will be applied to the cost of tuition for students who matriculate to Caribbean Medical University.

5 Average rent per month /utilities not included/.

6 6 clinical semesters of 12 weeks per semester.

Other Fees

Late Payment Fee

10% of the outstanding balance (applied only when past due).

Late Registration Fee

$500 (applied when not registered within one week of classes or when not attended scheduled rotation.

Leave of Absence Fee

$450 (first LoA fee waived, any subsequent ones charged at a rate of $450)

Lab Coat Fee

One time $40 Lab Coat Fee is required for all Basic Science students.

Financial Aid Application Fee

$200 (non-refundable) loan processing fee

Average Cost of Living

Cost of living varies from student to student but on average you will need to budget about $600 US to $1000 US per month however roommates, conserving their utilities, cooking at home, and budgeting daily spending will help bring these costs down. The cost of transportation will vary depending on the ways to commute. Every student has different needs, so these amounts are ONLY meant as an average.

Payment Options

The Bursar's Office is responsible for billing and collection of student fees. Payments may be made by cash, check, money order, bank draft, auto-debit, ACH, wire transfer or major credit card. A student approved for loans but waiting for disbursement may provisionally register for classes.

Payment Plans

Tuition payment programs are renewable, short-term or long-term plans, which split the school fees into equal monthly installments. There is a 5% payment plan fee. To sign up please download the payment plan form and submit it to the Finance Department.

Checks, Money Orders, Bank Drafts

Those payment instruments should be made payable to Caribbean Medical University. Please write your student id or account number in the memo field to allow us properly apply the payment.

Returned Checks: A $25 fee will be assessed to the student's account for each returned check.

Auto-debit

Hassle-free tuition payments with CMU auto-debit. Discount will be given to students, who instruct the University to automatically deduct the tuition from their checking, savings account or credit card. To sign up please download the auto-debit form and submit it to the Finance Department.

  • Checking or Savings Discount: 5% of the balance due;
  • Credit Card Discount : 3% of the balance due;

ACH

For your convenience, you pay school's fees over the phone by calling our U.S. Office or online at MYCMU Student Services.

Online Bill Pay, Wire Transfer

Students may remit payments directly from their checking or savings account using online bill pay or wire transfer. CMU's bank account information are provided on student invoices.

Credit Cards

For your convenience, you may also use major credit cards to remit payments of the school tuition and fees. Payments can be made over the phone by calling our U.S. Office or online at MYCMU Student Services.

Withdrawals and Refunds

Students who wish to withdraw from the school are required to obtain a withdrawal form and return it with appropriate signatures to the correct office. Premedical and Basic Science students should obtain a Withdrawal Form online or from the Registrar's Office on Curacao. Clinical students should contact the U.S. Office to obtain a withdrawal form for signature and return.

Students officially withdrawing from the University will be credited for tuition and refundable fees in accordance with the following schedule, less the Enrollment Reservation Fee:

  • Before the invoice due date - 100%;
  • Within the first week of the enrollment period - 80%;
  • Within the second week of the enrollment period - 60%;
  • Within the third week of the enrollment period - 40%;
  • Beyond the 3rd week of the enrollment period: No Refund;

CMU Malpractice Insurance Plan Premiums will be fully refunded if a student officially withdraws from the University before the first day of enrollment period. Thereafter the premium is non-refundable.

Housing Fees excluding first month, will be refunded according to the percentage set out in tuition refund policy.

CMU will provide a refund within 30 days from the date of an official refund request, approved by the Financial Department. If a student is AWOL (Absent Without Official Leave) or without submitting a Withdrawal Form, no refund will be provided.

Disclaimer

Failure to pay current semester charges may cause your schedule to be cancelled. Unpaid charges on your account may prevent you from registering for an upcoming term. Defaulters may not be able to register for classes and are liable for a late payment fee of 10%. Official requests, like transcripts, enrollment certificates, grade reports, etc. may not be processed until all dues are cleared. Student health and/or malpractice insurance are issued upon full payment of the balance by the invoice due date.

Please Note: Caribbean Medical University reserves the right to change tuition and other fees as well as refund policy at any time, without prior notice.

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