Publication Date: June
2005
DCL ID: GEN-05-09
Subject: Increased Unsubsidized
Loan Amounts for Naturopathic Medicine Students
Summary: This letter announces
the extension of eligibility to award increased unsubsidized loan amounts to naturopathic
medicine students for loan periods that begin on or after May 1, 2005.
Posted on 07-05-2005
Dear Colleague:
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 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 (N.M.D.) degree or a Doctor of Naturopathy (N.D.) degree.
The aggregate limit for eligible students is $189,125, of which no more than
$65,500 can be in subsidized loans. These limits include Direct and FFEL loans
made to the student for all attendance, including loans received as an undergraduate
student. Limits are not increased for subsidized loans.
This authority is effective
for any loan period that begins on or after May 1, 2005. Institutions that may
have certified (FFEL) or originated (Direct Loan) loans prior to the publication
of this letter are authorized to revise those certifications or originations
in accordance with this new authority, assuming the student is otherwise eligible
for the increased amounts.
If you have any questions
or comments on the contents of this letter, please contact Nicholas Lee of our
staff. Mr. Lee can be reached by email at Nicholas.Lee@ed.gov
or by phone at (202) 502-7821.
Sincerely,
Sally Stroup
Assistant Secretary
Office of Postsecondary Education
Attachments/Enclosures:
GEN-05-09
and FP-05-06: Increased Unsubsidized Loan Amounts for Naturopathic Medicine
Students in PDF Format, 54KB, 1 page
