Financing Your Medical Degree at Texila American University in Guyana

GEORGETOWN, Guyana, June 16, 2025 /PRNewswire/ -- Texila American University (TAU) College of Medicine – Guyana today announced a significant expansion of its financial aid offerings, including official approval as a Sallie Mae partner school, dramatically increasing the accessibility of its accredited Doctor of Medicine (MD) program for students across North America and beyond. This initiative reinforces TAU's commitment to removing financial barriers for aspiring physicians seeking a world-class international medical education.

U.S. Student Loan Programs – Sallie Mae Partnership

Texila American University is now a Sallie Mae–approved institution, empowering eligible students to finance their medical education through private student loans.

Sallie Mae® Medical School Loan for Future Physicians
Sallie Mae's Medical School Loan offers comprehensive financial support to help students in TAU's Doctor of Medicine (MD) program cover the full cost of attendance, including tuition, housing, books, and board preparation.

Key benefits include:

• Up to 100% of education costs covered
• A 36-month grace period after graduation before repayment begins
• An extended 48-month residency deferment option
• Credit-based loan application for U.S. citizens and permanent residents
• And much more.

Students can apply online directly with Sallie Mae, and TAU will certify the loan amount. Additionally, Sallie Mae offers a separate Residency and Relocation Loan of up to $30,000 to cover expenses related to interviews and relocation for residency.

"Our mission is to cultivate the next generation of medical leaders, and that begins with accessibility," said TAU President Saju Bhaskar. "Our partnership with Sallie Mae is a monumental step forward, ensuring that talented and determined U.S. students have a clear and supportive financial route to achieving their MD at Texila. We believe that financial constraints should not stand in the way of a world-class medical education."

Canadian Student Loan Options

Texila American University is dedicated to supporting our Canadian students with multiple pathways to finance their education.

Government Aid:

• OSAP Approved: Texila American University College of Medicine is an approved school for the Ontario Student Assistance Program (OSAP), providing access to loans and grants for eligible Ontario residents.
• Federal and Provincial Aid: All Canadian students are eligible to apply for federal aid through the Canada Student Financial Assistance Program. We also assist students with documentation for assistance from other provinces, such as British Columbia, Alberta, and Nova Scotia.

Private Funding:

• Student Lines of Credit: Many central Canadian banks (including RBC, Scotiabank, TD, and BMO) offer professional student lines of credit up to CAD 200,000, often with interest-only payments during studies.

Scholarship Opportunities

TAU offers an extensive range of scholarships to reward academic excellence and support students from diverse backgrounds. These programs are competitive and available for eligible incoming students.

Highlights include:

• Merit-Based: The Texila President Scholarship (full-tuition for Pre-Med) and the MCAT Scholarship (up to $1,000 per semester for high scores).
• Regional: The Global Citizen Grant (10-20% of MD tuition for non-Caribbean/Guyanese), CARICOM Scholarship (10-20% tuition), and Guyana Scholarship (up to 50% tuition).
• Specialized: The U.S. Military & Veteran Scholarship and the Medical Professional Scholarship, each offering up to $1,000 per semester.

Please note: Students are typically eligible for only one scholarship at a time. The admissions committee is the final authority on all awards.

"These comprehensive financial solutions empower students to focus on what truly matters: their education," remarked Dr. Hugh Duckworth, Provost. "Whether through Sallie Mae for our U.S. students, OSAP for Canadians in Ontario, or our diverse scholarship programs, we are building a supportive ecosystem. This allows students to confidently join our triple-accredited (CAAM-HP, ACCM, BAC) program, excel in their U.S. clinical rotations, and ultimately achieve success in U.S. residency placements."

About Texila American University College of Medicine – Guyana

TAU in Guyana offers a high-quality medical education designed to prepare graduates for global careers, particularly in the United States. As the only Caribbean medical school with CAAM-HP, ACCM, and BAC accreditations, TAU provides a quality-assured pathway to U.S. practice. Our graduates are ECFMG-eligible and benefit from a U.S.-aligned curriculum, U.S. clinical rotations in Arizona hospitals, and a proven 80% U.S. residency placement rate since 2015. With 4-year and 5.5-year MD programs, students learn on a diverse campus in Guyana featuring advanced labs and a supportive, international community from over 45 countries. This combination of accreditation, proven outcomes, and financial accessibility makes Texila American University a strong choice for students aiming to become successful doctors.

For more information on enrollment, programs, or financial aid opportunities, please visit our website: tau.edu.gy. If you have specific questions or would like to schedule a meeting, please email us at admissions@tau.edu.gy. Or Apply Now: https://tau.edu.gy/start-your-application/.

Media Contact:
Nisarg Patel, MD – Director of Admissions Ph: 1-732-226-2651 || Email: nisarg.patel@tau.edu.gy
Texila American University College of Medicine – Guyana

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SOURCE Texila American University