Student Loans for Foreign Medical Schools

What Student Loans for Foreign Medical Schools are Available?

Student loans for foreign medical schools are becoming incredibly important to meet the demands for international education.

Federal student loans are generally not available to U.S. students attending foreign medical schools, excluding those schools that participate in the federal student aid programs.

On the other hand, private loans might be a better option if you have good credit. You might be able to get lower interest rates, and private loans usually do not have as many fees accompanying them as federal loans.

Let us learn more about these finance options to make the right choice for an international medical school dream.

Student Loans for Foreign Medical Schools – Federal Loans

Federal student aid is limited for U.S. students attending foreign medical schools and is generally available only at those international institutions participating in the U.S. federal student aid programs.

The type of aid and the process will depend on the type of program (study abroad or full degree) you enter. Your undergraduate or graduate student status also affects the type of aid for which you’re eligible.

If you opt for a semester or year, you’ll have to complete the necessary paperwork for an American school and a foreign school.

If you choose the entire degree or the full four years, you’ll have to manage forms for only one school abroad. You will also require a list of foreign schools that accept student aid from the American government.

Verify if your chosen foreign medical school participates in the U.S. federal student aid programs before deciding to attend, as this affects your eligibility for federal loans.

Federal Student Loans for Foreign Medical Schools – Types of Loans

The US Department of Education recommends any of the Direct Loan programs.

However, international schools do not participate in the US Department of Education’s grant programs, so federal grants are not accepted for overseas study.

Undergraduates can receive a Direct Unsubsidized.

Graduate students can receive Unsubsidized or Direct PLUS loans (also available to parents of dependent undergraduates). Direct PLUS Loan amounts are decided by subtracting other financial aid you’re receiving from your total cost of attendance at the school.

How to Apply for a Federal Student Loan for Foreign Medical Schools?

The US Department of Education lists practical tips to apply for student loans at your international school.

  1. Fill out your Free Application for Federal Student Aid (FAFSA) form at and lay the groundwork for your financial aid package. Fill it in as soon as possible to add extra time to your schedule.
  2. Your research into foreign school options should be thorough. Make sure the school you plan to attend has your FAFSA information. Understand degree requirements, all applicable costs for tuition, fees, housing, books, food, and so on, medical insurance plans, and travel expenses.
  3. Keep a well-organized checklist of everything that is required of you. Keep track of paperwork you need to fill out, deadlines, etc.
  4. Be extra careful if you are a first-year student borrowing federal funds for the first time. You will be obliged to complete entrance counseling, which might happen before leaving the US or arriving at your school.
  5. Stay in touch with your financial aid contact at the foreign school during the application process, and establish a contact at the school’s office for international students.

The U.S. Department of Education typically processes your loan funds and disburses directly to your school.

Student Loans for Foreign Medical Schools – Private Loans

Did you miss the FAFSA deadline or explore your options for government-sponsored aid? Private study-abroad loans are still an option! Private loans are great if you’re trying to fill the gap in the last bit of aid you need.

You can receive up to the total cost of your education minus any other aid you’ll receive.

Benefits of private loans:

1. Get up to the total cost of attendance, less other aid

2. Flexible repayment terms

3. Thousands of approved schools

You can find more information about loans at


There is no need to burden your bright future with medical school debt worries. Student loans for foreign medical schools give you ample options to finance your medical school expenses.

Attending a foreign med school also allows you to gain greater cultural awareness.

Investigate a foreign institution’s accreditation status, attrition rates, and residency placement statistics thoroughly. Make sure you make the right choice!

See Also

Loan Forgiveness Programs for Medical Students

Bank Loan for Medical Treatment

How to Become a Dermatologist?

Current Version
May 5, 2024
Updated By
Andrea Morales G.
February 6, 2021
Written By
Victoria Abigail Friedland

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