Financial Information (2023)

  • 6-Year MD Degree

6 Year Undergraduate Entry Doctor of Medicine (MD)

Tuition and Living Costs

Annual tuition is €18,000 for the first 3 years and €22,000 for the final 3 years. Living costs depend on your lifestyle. Students doing their clinical training in the UK pay a supplement of €6,000 per year for the last 2 years .

On average, staying in Nicosia for the whole year will cost a minimum of €10,000.

In addition to tuition, the following fees also apply:

LOCAL/EU(€)INTERNATIONAL(€)
Application fee (one-off/non refundable payment)6060
Administrative fee (deducted from the first semester tuition)1,5001,500
Entry visa fee (one-off/non refundable payment)90
Annual health insurance fee(compulsory for non-EU only)180180
Annual malpractice insurance fee (from Years 2-4)300300
Annual malpractice insurance fee (from Years 5-6, pending clinical site)500-1250500-1250
International student guarantee (one-off/refundable payment)400
Visa extension fee for one year (international/non-EU)105
Renewal of visa after one year (international/non-EU)35
Personal accident insurance (both non-EU and local/EU)5050
Annual learning resources fee – Optional100100
Annual USMLE resources fee (Years 1-4) – Optional285285

*Please note that the above fees may be subject to change.

Financial Assistance

Scholarships of up to 20% based on demonstrated financial need are available to help eligible students partially fund their studies. Students from certain countries may be entitled to financial support from their home governments – our admissions team can advise further.

(Video) FINANCIAL STATEMENTS: all the basics in 8 MINS!

  • Graduate Entry MD (GEMD)

Graduate Entry – Doctor of Medicine Degree (GEMD)

Tuition and Living Costs

Annual tuition is €24,000 per year. In years 4 and 5, Clinical Training Supplement fees may be charged depending on clinical site allocation.

On average, staying in Nicosia for the whole year will cost a minimum of €10,000.

In addition to tuition, the following fees also apply:

LOCAL/EU(€)INTERNATIONAL(€)
Application fee (one-off/non refundable payment)6060
Administrative fee (deducted from the first semester tuition)1,5001,500
Entry visa fee (one-off/non refundable payment)90
Annual health insurance fee(compulsory for non-EU only)180180
Annual malpractice insurance fee (from Years 1-3)300300
Annual malpractice insurance fee (from Years 4-5, pending clinical site)500-1250500-1250
International student guarantee (one-off/refundable payment)400
Visa extension fee for one year (international/non-EU)105
Renewal of visa after one year (international/non-EU)35
Personal accident insurance (both non-EU and local/EU)5050
*Please note that the above fees may be subject to change.

Financial Assistance

Our School has established a scholarship fund that is designed to assist students in partially funding their studies.

All students applying for Year 1 in Fall 2023, will be awarded a 20% scholarship for Year 1 of their studies and a 10% scholarship for Years 2-5. Students applying for Year 2 entry in Fall 2023, will be awarded a 10% scholarship for the duration of their studies. All students may also apply for an additional 10% financial need-based scholarship.Students from certain countries may be entitled to financial support from their home governments – our admissions team can advise further.

(Video) The KEY to Understanding Financial Statements

An applicant must first meet our admissions requirements, successfully complete the interview, and be offered a place, before they can apply for such a need-based scholarship.

If you have received an offer and are considering applying for a scholarship, please review your offer letter for relevant deadlines to ensure you apply in a timely manner.

  • MSc in Family Medicine

Master in Family Medicine (MSc FM)

A key objective of our Family Medicine programme is to contribute to the improvement of population health across the globe. In support of this goal, scholarships are available to allow access to the course by doctors in a wide range of countries with varying levels of development.

All students applying for entry in Fall 2023, will be awarded a 20% scholarship reducing tuition to €14,400 for the Master in Family Medicine. Further scholarships can be awarded with the submission of a scholarship application based on demonstrated financial need and can cover up to 30% of tuition costs with instalment plans available. If you qualify for a scholarship, total tuition can be significantly reduced from original tuition fees of €18,000 for the Master in Family Medicine.

Scholarship Terms

  • Only students who have been accepted to the MScFM are eligible to submit a scholarship application.
  • Scholarships are awarded with consideration for a student’s country of residency according to the World Bank Index country income classification.
  • Scholarships are applied on a pro-rata basis to each course in the MScFM.
  • The University of Nicosia reserves the right, at its sole discretion to award or not award any scholarship to any student and/or to change the number of scholarships awarded, their eligibility requirements or any other aspect of the financial aid program.
  • Final tuition is subject to course load as there may be minimal variation in costs, pending the timeline of completion.

Scholarships available

  • Primary Care Advancement Scholars

Type:Need-based

Students with financial need are eligible to apply for this need-based scholarship award. In order to be considered for this scholarship, in addition to the scholarship application, students need to provide evidence of financial need.

(Video) Understanding Financial Statements and Accounting: Crash Course Entrepreneurship #15

  • Master Public Health

Master of Public Health (MPH)

The Master of Public Health programme aims to improve global health. In support of this goal, tuition starts at €12,060 for the degree with tuition grants available and scholarships for those qualifying.

All students applying for entry in Fall 2023, will be awarded a 20% scholarship reducing tuition to €9,648 from €12,060 for the Master of Public Health. Further scholarships can be awarded with the submission of a scholarship application based on demonstrated financial need and can cover up to 30% of tuition costs, with instalment plans available.

Our Admissions Advisers can provide more details.

Scholarship Terms

  • Only students who have been accepted to the MPH programme are eligible to submit a scholarship application.
  • Scholarships are awarded with consideration for a student’s country of residency according to the World Bank Index country income classification.
  • Scholarships are applied on a pro-rata basis to each course in the MPH.
  • The University of Nicosia reserves the right, at its sole discretion to award or not award any scholarship to any student and/or to change the number of scholarships awarded, their eligibility requirements or any other aspect of the financial aid program.
  • Final tuition is subject to course load as there may be minimal variation in costs, pending the timeline of completion.

Scholarships available

  • One Health Scholars

Type:Need-based

Students with financial need are eligible to apply for this need-based scholarship award. In order to be considered for this scholarship, in addition to the scholarship application, students need to provide evidence of financial need.

  • MSc in Health Services Administration
(Video) The SEVEN Things You NEED To Learn for Your Financial FREEDOM - Robert Kiyosaki

Master of Science in Health Services Administration (MScHSA)

The Master of Science in Health Services Administration programme aims to equip professionals with leadership skills in the rapidly growing health services field. Tuition starts at €12,060.All students applying for entry in Fall 2023, will be awarded a 20% scholarship reducing tuition to €9,648 from €12,060. Further scholarships can be awarded with the submission of a scholarship application based on demonstrated financial need and can cover up to 30% of tuition costs, with instalment plans available’.

Our Admissions Advisers can provide more details.

Scholarship Terms

  • Only students who have been accepted to the MScHSA are eligible to submit a scholarship application.
  • Scholarships are awarded with consideration for a student’s country of residency according to the World Bank Index country income classification.
  • Scholarships are applied on a pro-rata basis to each course in the MScHSA.
  • The University of Nicosia reserves the right, at its sole discretion to award or not award any scholarship to any student and/or to change the number of scholarships awarded, their eligibility requirements or any other aspect of the financial aid program.
  • Final tuition is subject to course load as there may be minimal variation in costs, pending the timeline of completion.

Scholarships available

  • Hospital Leader Scholars

Type:Need-based

Students with financial need are eligible to apply for this need-based scholarship award. In order to be considered for this scholarship, in addition to the scholarship application, students need to provide evidence of financial need.

  • PhD in Medical Sciences

PhD in Medical Sciences

The tuition fees for the PhD programme are €13,500 in total for 3 years. For each additional academic year, tuition is €1,500 per year.

(Video) First Sell Signal in S&P in a While - Ira Epstein's Financial Markets Video 2 16 2023

Videos

1. financial reporting 101, understanding financial reporting basics and fundamentals
(selfLearn-en)
2. ACCOUNTING BASICS: a Guide to (Almost) Everything
(Accounting Stuff)
3. FINANCIAL RATIOS: How to Analyze Financial Statements
(Accounting Stuff)
4. The importance of financial statements | London Business School
(London Business School)
5. The BALANCE SHEET for BEGINNERS (Full Example)
(Accounting Stuff)
6. Users of Financial Information | Explained with Examples
(Counttuts)
Top Articles
Latest Posts
Article information

Author: Patricia Veum II

Last Updated: 03/06/2023

Views: 6358

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Patricia Veum II

Birthday: 1994-12-16

Address: 2064 Little Summit, Goldieton, MS 97651-0862

Phone: +6873952696715

Job: Principal Officer

Hobby: Rafting, Cabaret, Candle making, Jigsaw puzzles, Inline skating, Magic, Graffiti

Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.