Tuition for the MD Program is dependent upon the pathway taken by the student. Students undertaking the United States Medical Licensing Examination (USMLE) Pathway are expected to complete the program in four-and-a-half years (no longer than five years). Students undertaking the Standard Pathway are expected to complete the program in four years (no longer than four-and-a-half years). Students who plan to practice in the US must take the USMLE Pathway.
Tuition for the Standard Pathway is $43,000 each year for four years (8 semesters). Tuition for the USMLE Pathway is $39,000 each year for four-and-a-half years (9 semesters). These fees are subject to an annual indexation (inflationary adjustment reflecting Consumer Price Index changes). The yearly CPI published in July will be used and the new fee will be set in August for the next calendar year (1 January). Students pay fees in their local currency (i.e. AUD, CAD, NZD, SAT, or USD). .
Prior to commencing their first semester, students will be required to pay the Intake Payment Fee of $10,000, which will be deducted from the first semester tuition fee. Tuition fees will then be charged and payable by semester. A monthly payment plan is also available upon request and will be subject to a 2% Administrative Fee. The election of fee payment type (semester or monthly) must be arranged with the University by the census dates of 31 January or 31 July for the respective intake.
Tuition covers the entire program as described above, regardless of actual time to complete the program. There will be no additional charge if the course duration extends beyond the expected four-and-a-half or five-year time frame. This is most likely to occur due to the timing of a clinical rotation for which the fees would have already been paid.
In some cases, particularly in North America, students may be charged fees by hospitals when undertaking clinical rotations. This will be referred to as the Clinical Rotation Fee, and is separate from OUM tuition.
In the event of a late payment there will be a Late Fee of $25 per occurrence.
There will be additional tuition charges if a student is required to retake a course due to failure. If a module or rotation must be repeated due to failure, then the additional fee of $750/week will apply.
For further information, students should contact the CFO for tuition/payment information at firstname.lastname@example.org.
Tuition payments will be refunded in the case of withdrawal/dismissal from the program but may be subject to an Administrative Fee as noted below.
If a student withdraws or is dismissed:
Prior to the start of Orientation, there will be a full refund and no Administrative Fee.
Prior to the start of the General Principles Course, there will be a $1,000 Administrative Fee.
Within the first two weeks of the General Principles Course, there will be a $5,000 Administrative Fee.
After the second week of the General Principles Course, the total amount of tuition will be divided by the number of weeks in the program, then multiplied by the number of weeks of instruction received at OUM. This is the Prorated Tuition Cost. A Student’s Withdrawn/Dismissed Tuition Cost will be equal to the Prorated Tuition Cost, or $10,000, whichever is greater. The Withdrawn/Dismissed Tuition Cost will be subtracted from the tuition payments previously made (not including tuition fee credits such as mentor honoraria), and any overage will be refunded, less a 5% Administrative Fee.
Application Fees are not refundable or applicable to other fees. Tuition payments are refunded pro-rata only in the event of withdrawal or dismissal.
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