Financial Information
Embarking on a medical degree involves careful financial planning, as you will need to take into account a variety of factors when assessing how to cover study and living costs.
MD (Doctor of Medicine) – 6 Year Undergraduate Entry Medical Degree
Tuition and Living Costs
Annual tuition is €18,000 for the first 3 years and €22,000 for the final 3 years. Living costs depend on your lifestyle. On average, staying in Nicosia for the whole year will cost a minimum of €10,000.
In addition to tuition, the following fees also apply:
| Local/EU (€) | International (€) | |
|---|---|---|
| Application fee (one-off/non refundable payment) | 60 | 60 |
| Entry visa fee (one-off/non refundable payment) | – | 90 |
| Annual health insurance fee (compulsory for non EU only) | – | 180 |
| Annual malpractice insurance fee | 300 | 300 |
| Annual personal accident insurance fee | 50 | 50 |
| International student guarantee (one-off/refundable payment) | – | 400 |
| Visa extension fee for one year | – | 105 |
| Renewal of visa after one year | – | 35 |
| Personal Accident Insurance | – | 50 |
*Please note that the above visa fees may be subject to change.
Financial Assistance
Scholarships based on demonstrated financial need are available to help eligible students partially fund their studies. In addition, students from certain countries may be entitled to financial support from their home governments – our admissions team can advise further.
4-Year Graduate Entry Medical Degree (in partnership with St. George’s University of London)
Tuition and Fees
Annual tuition at the St George’s programme in Nicosia is €27,500 for all students, whether local, EU, or international (non-EU). Your annual tuition includes registration, tuition, examination and graduation charges and is payable in respect of each year of your degree programme.
In addition to tuition, the following fees also apply:
| Local/EU (€) | International (€) | |
|---|---|---|
| Application fee (one-off/non refundable payment) | 60 | 60 |
| Entry visa fee (one-off/non refundable payment) | – | 90 |
| Annual health insurance fee (compulsory for non EU only) | – | 180 |
| Annual malpractice insurance fee | 300 | 300 |
| Annual personal accident insurance fee | 50 | 50 |
| International student guarantee (one-off/refundable payment) | – | 400 |
Living Costs
These will, of course, depend on your lifestyle. But on average, staying in Nicosia for the whole year will cost a minimum of €10,000.
Scholarships
The St George’s, University of London Medical Programme at the University of Nicosia offers scholarships designed to assist students in partially funding their studies. Scholarships will be based on demonstrated financial need and can cover up to 30% of tuition costs per year.
An applicant must first meet our admissions requirements, successfully complete the interview, and be offered a place, before they can apply for such a scholarship.
Other Financial Assistance
The St George’s, University of London Medical Programme at the University of Nicosia is approved for Sallie Mae® loans. This means US citizens and permanent residents accepted into our school are able to borrow money from the leading provider of education loans in the United States to cover tuition, fees, and living expenses for our programme.
Specifically, our students are eligible for a Smart Option Loan, which offers several benefits including three repayment options:
- Interest Repayment Option: Full interest payments while in school. Students will build credit and avoid interest capitalization
- Fixed Repayment Option: Students pay just $25 a month while in school to build credit and manage their budget
- Deferred Repayment Option: No minimum payments required until after school. Students are encouraged to make small payments when possible
More information about Sallie Mae’s Smart Option loan is available here.
Once eligible students have accepted a place in our programme, they can apply for a Sallie Mae Smart Option loan online by going to this link and clicking on Get Started. This opens an application form that is customised for students accepted by St George’s, University of London.
Canadian students at the St George’s, University of London Medical Programme at the University of Nicosia are able to apply for the Medical Student Line of Credit at BMO Bank of Montreal. To be eligible, you must be a Canadian citizen or landed immigrant and meet BMO’s usual credit criteria. An acceptable co-signer residing in Canada permanently with sufficient Canadian-based income and/or assets will also be required. The terms and conditions are subject to change from time to time without notice.
Interested Canadian students should visit www.bmo.com or contact a BMO Lending Specialist directly at 1-800-665-9665.
Our programme has been evaluated and approved for study support from the CSN/Swedish Board for Study Support, provided that individual students also meet other requirements. Please see www.csn.se for further details.
Students from other countries may be eligible for grants, loans or other financial assistance from their home governments. Our Admissions Office can help you explore these options for offsetting the costs of studying at our medical programme.
Postgraduate Diploma (PgDip) and a Master (MSc) in Family Medicine
A key objective of our Family Medicine programme is to contribute, through development programmes, to the improvement of population health across the globe. In support of this goal, tuition fees and scholarships are designed to allow access to the course by doctors in a wide range of countries with varying levels of development.
While standard tuition fees are €12,000 for the PgDip and €18,000 for the Master in Family Medicine, candidates might be eligible for specific tuition programmes or scholarships as noted above. An instalment plan is also available. Please contact our admissions representatives for more details at admissions@med.unic.ac.cy or +357 2247 1999.