Financial Information

Tuition and Fees for Saba University School of Medicine are as follows:

Tuition and Fees

Effective for matriculants on or after the September 2021 Semester 

• Basic Sciences Tuition per Semester (Semesters 1-5): $19,480
• Administrative Fee (Semesters 1-5): $6,770
• Clinical Medicine Tuition per Semester (Semesters 6-10): $23,850
• Administrative Fee (Semesters 6-10) $4,350
• Part-Time Tuition per Credit Hour: $660

• Application Fee: $75
• Graduation Fee: $500
• Non-Refundable Tuition Deposit: $750
• Non-Refundable Administrative Fee: $100
• Returned Check (insufficient funds): $35
•  Malpractice Insurance (Semesters 6-10): $295
• Transcript Fee: $10
• Visa Fee: $175

• Basic Sciences Tuition per Semester (Semesters 1-5): $19,480
• Administrative Fee (Semesters 1-5): $6,770
• Clinical Medicine Tuition per Semester (Semesters 6-10): $21,650
• Administrative Fee (Semesters 6-10) $4,350
• Part-Time Tuition per Credit Hour: $660

• Application Fee: $75
• Graduation Fee: $500
• Non-Refundable Tuition Deposit: $750
• Non-Refundable Administrative Fee: $100
• Returned Check (insufficient funds): $35
•  Malpractice Insurance (Semesters 6-10): $295
• Transcript Fee: $10
• Visa Fee: $175

The tuition and fees listed above apply, on the one hand, to matriculants on or before the May 2021 semester and, on the other hand, to matriculants on or after the September 2021 semester as the case may be. Saba University School of Medicine Board of Trustees reserves the right to change tuition and fees or to establish additional fees or charges whenever in their opinion such action is deemed necessary.

Note:

• Students may incur additional surcharges for elective clinical clerkships as part of the Clinical Medicine portion of the program. Elective clerkships conducted at certain hospitals may require a surcharge to be paid by the student. While many elective clinical clerkship sites do not require a surcharge, those that do current range from $50 - $550 per week.
• Before students choose clinical sites for their clinical rotations, they will be provided a list detailing all surcharges per hospital, in order to ensure that all students can make informed decisions. This list is also available for all students upon request from the Office of the Associate Dean, Clinical Medicine.
• While Cost of Attendance budgets include an estimate for the surcharges, it is possible, based on the elective rotations selected by students, that the actual charge may exceed these estimates and thus not be included in financial aid budgets.

We feel it is important for unaccompanied first semester students at Saba to live in one of the dormitories. Consistent with the institution’s commitment to supporting the broader community, these dormitories are owned by Saba residents.

The dormitory rent and fees are listed below. Rooms are equipped with air-conditioning, refrigerator and microwave. Fees are payable to and collected by dormitory management. The fee is due upon arrival on Saba. For additional dormitory information please contact the Admissions Office.

• Initial Payment of Semester Rent (Non-Refundable): $1,500.00
• First Semesters Rent: $2,800.00
• Electricity Charge: +$475.00
• Water Charge: +$375.00
• Total Semester Rent: $3,650.00
• Refundable Security Deposit: +$150.00
• Grand Total: $3,800.00

Dormitory rates listed herein are effective September 1, 2023 and are subject to change as deemed necessary.

The following are the Tuition Payment Policies for students at Saba University School of Medicine:

Students will be billed approximately two months prior to the beginning of each new semester. Invoices are mailed to the permanent address on record for registered students.

All fees for the Clinical Medicine Program must be paid prior to graduation. A student whose account has not been paid in full, or otherwise cleared by the Finance Office, will be subject to cancellation of class enrollment.

Saba University School of Medicine reserves the right to withhold all diplomas, degrees, official transcripts, and any other documentation from any student with outstanding financial obligations.

Students will be assessed a late fee of $200 for tuition not paid on or before the tuition due date. Tuition not received prior to the start of each semester will result in the cancellation of classes. (Rates are subject to change without notice.)

Courses that are repeated because they were dropped or failed in a previous semester will be assessed a tuition fee on the basis of credit hours.

Tuition Refund Policy: Tuition and fees shall be refunded in full, less an administrative fee of $100, and the $750 acceptance deposit, if notice of withdrawal is received prior to the first day of class. Tuition and fees shall also be refunded in full for the current enrollment period, less an administrative fee of $100 and the acceptance deposit, under the following circumstances:

• Courses cancelled by the institution
• Involuntary call to active military duty
• Documented death of the student
• Exceptional circumstances, with approval of the President or designee of the institution

Application fees are non-refundable. Refunds will be calculated by the Finance Office and will be refunded within (30) days of withdrawal.

The tuition will be refunded as follows:

• A refund of 100% of the tuition for which the student is obligated shall be issued if the student withdraws prior to the first day of class.
• A refund of 90% of the tuition for which the student is obligated shall be issued if the student’s last date of attendance is prior to the expiration of 10% of the period of enrollment for which the student was charged or obligated.
• A refund of 50% of the tuition for which the student is obligated shall be issued if the student’s last date of attendance is prior to the expiration of 25% of the period of enrollment for which the student was charged or obligated but more than 10%.
• A refund of 25% of the tuition for which the student is obligated shall be issued if the student’s last date of attendance is prior to the expiration of 50% of the period of enrollment for which the student was charged or obligated but more than 25%.
• In case of withdrawal after 50% of the period of enrollment, the student is obligated for full tuition and fees.

All monies paid by an applicant will be refunded if cancellation occurs within three business days after signing the terms of enrollment and making initial payment. In order to be eligible for a tuition refund, students must obtain a financial clearance letter from the Administrative Office at Saba University School of Medicine and a formal withdrawal form must be completed and authorized by the Dean.

All students are responsible for payment of tuition and fees in U.S. funds, by wire, personal check, bank check, or money order, one month prior to matriculation into each new semester, whether in the Basic Sciences or Clinical Medicine Program.

All students entering the first semester must pay tuition 45 days prior to matriculation.

If payment is made by check, the canceled check will serve as the student’s receipt. If a student remits a payment check that is returned because of insufficient funds, he or she must make any future payments to the Institution in the form of a U.S. bank check or money order. Payment of all tuition and fees is due in full by the due date specified on the student bill. A returned check fee of $35.00 will be imposed for a personal check returned not honored.

Student health insurance

Students at Saba are required to carry health insurance coverage for the duration of their medical school program. Proof of coverage is necessary upon matriculation and is often required by hospitals prior to students beginning a clinical rotation. Information on individual and group policies will be included in the student’s admission packet or may be requested from the Administration Office.

This blanket insurance policy covers Emergency Medi-vac and repatriation. The premium is included as part of the tuition fees. It is mandatory that all Basic Sciences students and dependents carry this insurance.

Students must carry liability insurance during their clinical clerkships. Application forms will be provided to the student upon admission to the Clinical Medicine program.

Payments for a student’s semester bill should be directed to the Bursar’s Office. If a bill is not received, it is the student’s responsibility to contact the Finance Office.

Please mail your check or money order in U.S. funds, made payable to Saba University School of Medicine, to:

Saba University School of Medicine
C/O R3 Education Inc.
27 Jackson Road, Suite 301
Devens, Massachusetts 01434, United States

Saba also accepts payments via wire transfer. View Wire Transfer Information for the correct instructions.