Financial Planning Checklist

Stage(s)
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AFMC Preparing to Launch MEDPREPP: A New Initiative to Support Medical Learners with Funding from the CMA Foundation

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Before applying

  • Estimate the total cost of applying
  • Check AFMC fee assistance
  • Check MCAT fee assistance
  • Research application fees
  • Research interview/travel costs
  • Look into scholarships and bursaries

After receiving an offer

  • Compare tuition across schools
  • Estimate rent/living expenses
  • Estimate total four-year cost
  • Calculate available government aid
  • Research medical student LOCs
  • Calculate how much you actually need to borrow
  • Investigate school-specific bursaries

During medical school

  • Track government loans
  • Track LOC balance
  • Apply for annual bursaries/scholarships
  • Reassess your budget each year
  • Understand interest accumulation
  • Learn about repayment options
  • Start thinking about residency income and debt repayment
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