Canadian Financial Aid
AUA is approved by the Canadian Ministry of Education, meaning eligible students may qualify for Canadian financial aid, allowing eligible students to receive Canadian federal loans, provincial loans, and participate in grant programs. The university also offers both a grant and a scholarship that are specifically designed for Canadian students. Check out the Canadian Citizens Grant and the Canadian Scholars Award on our scholarships page.
Canadian Financial Aid and Loans
The Canada Student Loans Program (CSLP) offers loans, grants, and repayment assistance to full-time and part-time students seeking postsecondary education. Canadian financial aid is provided through a partnership between the CSLP and most provinces and territories. However, Quebec and the Northwest Territories manage their own programs.
Learn more about how to apply for Canadian financial aid.
View a quick video to help you complete your loans:
Please note that certain Provinces and Territories designate schools once they are approved by the Canadian Ministry of Education and placed on the Master Designation List (MDL). Other provinces and territories have additional criteria in addition to requiring a student to initiate an application for school designation. The provinces and territories that have been approved thus far are:
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland & Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Saskatchewan
- Territory of Yukon
The approval process for Canadian financial aid may take up to 12 weeks. In addition to being on the MDL, these provinces also require a student to request school designation by completing an application, which can be found on their student aid websites. AUA’s four-digit educational institutions code is ZUCL.
Don’t forget to check out the Canadian Citizens Grant and the Canadian Scholars Award on our scholarships page.
Private Loans
You may qualify for a loan from one of the following banks. Please contact the bank in question for more information.
Loans for Clinical Students
International students of AUACOM, during their Clinical Science academic periods (Years 3 and 4), may be eligible for a private loan from MPOWER Financing, a US-based lending company providing loans to students who are within two years of graduating.
AUA clinical students who qualify can to borrow up to $50,000 over a 10-year, fixed interest rate loan. MPOWER has provided loans to students from more than 190 countries (including citizens of US and Canada). Learn more.
Canadian Dollar Exchange Rate Lock-In
American University of Antigua College of Medicine (AUA) will set a locked-in rate for Canadian Dollars (CAD) converted to United States Dollars (USD) to protect Canadian students from fluctuations in exchange rates. The locked-in rate offered to students will remain in effect throughout their enrollment in Preclinical Sciences with AUA. The exchange rate will be set based on a 3-month average. For students joining during a Fall term, the rate will be based on the average exchange rate from the prior March-May. For students joining during a Spring term, the rate will be based on the average exchange rate from the prior September-November. The set exchange rate will apply only against tuition and related fees billed due at the beginning of each period. All miscellaneous, incidental, housing, transportation, and other fees should be paid in USD. Students who would like to use their locked-in exchange rate for tuition and related fees must remit full payment by the published due date. For questions or further information, please get in touch with the Bursar department.
