mercredi 2 janvier 2013

Financing my medical studies

Hello readers,

Last week, I went to Montreal to see my cousin and two other friends. One of these friend who was a doctor, I spoke to him about my goal to become a psychiatrist. He was confident of my ability to become a doctor but I had a thought in my mind about the financing; the key reason being that medical studies cost a lot of money despite the Quebec province setting the price of studying at university to a somewhat low level. Here's a drill down of the cost at McGill:

Doctor of Medicine and Master of Surgery (MDCM)

Fall 2012/Winter 2013

Yr 1 /
AN 1
Yr 2 /
AN 2
Yr 3 /
AN 3
Yr 4 /
AN 4
Average # of credits per year /
Nombre moyen de crédits par an
70 47.5(a) 51(b) 28.5(c)
Tuition /
Droits de scolarité
5,058.20 3,432.35 3,685.26 2,059.41
Society Fees /
Frais d’association
456.08 388.08 384.08 372.58
Student Services / Athletics /
Services aux étudiants / sports
507.00 507.00 507.00 507.00
Registration / Transcripts & Diploma / General Administrative Charges /
Frais administratifs généraux, d’inscription, de relevés de notes et diplômes
445.20 445.20 445.20 295.80
Information Technology Charge /
Frais de technologie de l’information
315.45 315.45 315.45 210.30
Copyright Fee /
Redevances de droits d’auteur
58.10 39.43 42.33 23.66
Class Notes /
Notes de cours
850.00 0.00 0.00 0.00
SSMU Health & Dental Insurance* /
Assurance maladie et dentaire de l’AÉUM*
220.00 220.00 220.00 220.00
Total Fees /
Total des droits et frais
7,910.03 5,347.51 5,599.32 3,688.75

This is in Canadian dollars and it's pretty cheap compared to the states but however, Quebec's financial help won't be available for me because I will have finished my bachelor and the Quebec's financial help won't finance two undergrad degree.

I have two options, petitioning to my MP or else, apply for the Canadian armed forces and the second option (the armed forces) look better than the first for a few reasons:

  • A base salary between 44 000$ and 52 000$ per year while studying (I'm tired of living below the poverty line and has been for many, many years)
  • all the studying fees paid for
  • residency paid for and an increase in rank & salary
  • only 4 years of services required after residency (at about 3 times the base salary when studying)
  • doctors are not in combat zones, as required by the geneva convention
The thing is, there is a mandatory residency in family medicine after the medical studies and the 4 years of mandatory services are in family medicine but after that, it is possible to specialize in other discipline (in my case, psychiatry) in exchange of 5 years of supplementary services (which I don't know if it include the time spent doing residency). In any case, I'll see in time if I want to do the psychiatry residency while in the army or in civil.

For the time being, my plan is to do my bachelor and then I'll see if I do a Master or switch directly to medicine.


reference for the fees:

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