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What are the benefits of being an OMA student?

When you join the OMA, you can take advantage of the exclusive OMA Insurance Student Essentials Plan, including discounted disability and complimentary life insurance. Apply online or connect with an insurance advisor.

What happens after med school Canada?

After graduating from the MD Program, our new alumni embark on the residency stage of their medical career. In the fourth year of medical school, our students apply to residencies in the area of medicine that they have demonstrated an interest in.

Are medical students paid in Canada?

Medical Student Salaries in Canada The average salary for Medical Student is $44,662 per year in the Canada. The average additional cash compensation for a Medical Student in the Canada is $3,810, with a range from $1,231 - $11,794.

What is the average debt of medical students in Canada?

Yet your dreams of practising medicine probably didnt include the high cost of getting there. The median debt for medical school graduates is $90,000, with 34% of students reporting debt of $120,000 or more, ing to the Association of Faculties of Medicine of Canada.

How much debt is 4 years of medical school?

The average medical school debt is $202,453, excluding premedical undergraduate and other educational debt. The average medical school graduate owes $250,995 in total student loan debt.

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How long does it take to pay off medical school debt Canada?

It can take anywhere from 2-5 years to twenty-plus years. It all depends on how much debt you have, your specialty, where you work, and your repayment plan.

How much debt does the average Canadian student have?

The exact amount of student debt on top of federal loans is not known. However, studies by BMP and RBC have indicated that the average student debt is over $26,000 and the interest on private loans and credit cards is likely to be higher than on the federal student loans.

What is the average debt of doctors in Canada?

What will it cost to become a Doctor? Canadian medical graduates* reported an average debt of $84,172 for medical school expenses (student loans) and $80,516 of non-education related debt (lines of credit, credit cards) totaling an average graduating debt of $164,688.

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