Financial Planning - Karol Marcinkowski University of Medical Sciences 4 & 6 Year MD Programs in English, Poznañ, Poland

The expenses for academic year 2005-06 are estimated as follows:
All amounts in US Dollars.

Tuition	$13,125
Room (1^st year students)	$2,500
Malpractice Insurance	$220
Meals (self purchase)	$2,900
Books and Supplies (self purchase)	$1000
Transportation to Poznan (group trip)	$1,100
Living Expenses (self purchase)	$3,500
Approximate Total	$24,345
Single students over 24 years of age Prices may be subject to change. Estimates are calculated by the University and published in the Student Handbook each year.*

The above includes an estimate of $200 monthly for personal expenses.

There are no registration, administrative, or placement fees.

If a students financial obligations are not met, the student will not be allowed to attend classes and seminars.

The University has agreed to the following with respect to maintenance of the level tuition:

"...Annual cost of tuition and board may be increased at a rate no greater then 5% per annum for second, third and fourth year students. Tuition and board may be increased at no greater than 10% per annum for new entering classes and henceforth no greater than 5% per annum during each classes course of study.”

Tuition, Board, and Air Fare are paid to:

Karol Marcinkowski University of Medical Sciences
North American Representative
108 Village Square, #402
Somers, NY 10589-2305, USA;

Telephone contact information is available on the main web page.

This is the University’s North American representative which also arranges group travel to Poznan. Payments for tuition, board, and air fare are due on or before August 25th, of each year. Payment is made in US Funds by certified check (or equivalent) to the order of Karol Marcinkowski University of Medical Sciences.

Although it is possible to secure private quarters in the City of Poznan, the University strongly recommended that first year students reside on campus.

There are many services which allow books to be purchased in advance and shipped to Poland, books may also be purchased on http://www.amazon.co.uk and shipped to Poznan.

Students applying for financial aid are encouraged to submit applications 60-90 days in advance of the start of the semester.

Foreign students in Poland can buy Health Insurance in Narodowy Fundusz Zarowia for approximately $10.00 per month.

* Students supplying their own Health Insurance must provide an original letter on Insurance Carrier stationary agreeing to full medical and hospital coverage in Poland.

The University is approved by the U.S. Department of Education as an eligible institution to participate in the Stafford Plus and Supplemental Student Loan Program. The maximum amount hat may be borrowed under this program is $18,500.00 per year. Students may receive subsidized (no interest before repayment, need based) and unsubsidized(interest accrues right away, not need based) loans. Interest rates are variable, and established once per year in July. Repayment begins six months after a student is no longer in attendance. The approximate received amount after lender fees are deducted is $17,945.00 For additional information, consult the KMU Student Handbook at the following link: PDF

Eligible American students can also apply for private bank loans (TERI) through the Bank of Boston. http://www.teri.org
TERI Loans are Credit Based, not need based such as Federal Stafford Loans. The loan program for this program is the International Health Education Program (IHELP).

Deserving students can apply for U.S. Scholarships after their first year of study.

Student's may fill out a FAFSA online. When submitted, we will receive your information electronically from the US Department of Education. Be sure to use our school code, which is G30917.

Canadians use the Canada Student Loan Program, available via the Ministry of Education in home province. Students should contact banks and Canadian Student Loan Offices for details and applications. Canadian Students may also be eligible for TERI Loans if they have a U.S. Cosigner. KMU 'meets the criteria for the Canada student loans program assistance'

The school code for Manitoba Student Aid is QURN, their web page is available here.