Q3c: What will it cost to become a doctor?

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Question

What will it cost to become a doctor?

Answer

The total cost of medical education in Canada may exceed $100,000, if education-related and non-education related expenses are taken into consideration. See  Costs and Funding: How much is tuition at a Canadian medical school? of the fees in Canadian Faculties of Medicine.

 According to AFMC Graduation Questionnaire 82.5% of Canadian medical graduates reported debt directly related to their medical education1.

Canadian medical graduates reported an average debt of $84,172 for medical school expenses and $80,516 of non-education related debt2.

Most learners accumulate debt while they are in medical school and pay it off over several years after they have completed their training and entered the workforce.

Glossary

Non-education related debt: Debt related to credit cards, car loans, mortgages, and loans for elective and residency interview expenses.

medical school expenses: related to tuition, books, accommodation and other school-related expenses.

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Footnotes

Association of Faculties of Medicine of Canada: AFMC Graduation Questionnaire

AAMC Medical School Graduation Questionnaire