Inside the Profession - News Update
Financing the Cost of Naturopathic Education Gets Easier
In years past, the cost of a naturopathic education may have factored into the decision of whether to pursue a career in naturopathic medicine. As you're probably painfully aware, federal loan options were such that naturopathic students weren't able to finance their complete education within existing federal programs and were forced to take out higher-interest private loans to make up the difference.
However, in another sign of the coming of age of the profession, the U.S. Department of Education recently announced an extended loan program that increases naturopathic students' borrowing power in low-cost federal loans, and decreases the amount of supplemental loans and income students might need during the course of their education, effective for any loan period beginning on or after May 1, 2005.
A letter from the Department of Education explains the new changes:
"Under Section 428H(d)(2) of the Higher Education Act of 1965, the Secretary has authorized institutions to award increased unsubsidized Federal Family Education Loan (FFEL) and William D. Ford Federal Direct Loan (Direct Loan) amounts to students enrolled in certain health professions disciplines. Under that same authority, the Secretary is adding Naturopathic Medicine as an approved discipline eligible for increased unsubsidized FFEL and Direct Loan amounts, if the program is offered by a domestic institution that is accredited by the Council on Naturopathic Medical Education (CNME)."
The USDE also specifies the monetary amounts that can now be borrowed:
"The additional amount, up to $20,000 if the academic year of the program is nine months in length and $26,667 if the academic year is 12 months in length, can be awarded only to students enrolled in a program that leads to a Doctor of Naturopathic Medicine (NMD) degree or a Doctor of Naturopathy (ND) degree. The aggregate limit for eligible students is $189,125, of which no more than $65,500 can be in subsidized loans."
For additional information about federal loan programs for naturopathic students, visit the USDE Web site at www.ed.gov.
Bastyr Welcomes New Faculty and Researchers
Bastyr University recently welcomed several new faculty and researchers for the 2005-2006 academic year, joining Daniel K. Church, PhD, who took over as president of Bastyr in July 2005. "We're pleased we are able to recruit such high-caliber individuals to provide the vital exchange between our teachers and students," enthused Dr. Church, commenting on the recent appointments.
Dr. Church joins Bastyr as only the third president in the university's 27-year history, His experience in the health care field includes service as president and CEO of Edwin Shaw Hospital in Akron, Ohio. He gained experience in higher education as a tenured professor at Seattle Pacific University and as assistant vice president for academic affairs at Malone College in Ohio.
"Bastyr University is the leader in science-based natural medicine and I am both honored and thrilled to help guide the University. The students, faculty and staff are clearly dedicated and passionate about providing education, clinical services and research," said Dr. Church.
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All Rights Reserved, Naturopathy Digest, 2006.
Date Last Modified - Tuesday, 25-Apr-2006 12:37:03 PDT