Financial Aid - Doctor of Naturopathic Medicine

Federal Student Loans

The maximum amount a student may borrow is based on the program of study and demonstrated financial need. If the allowable cost of education exceeds the maximum Direct Loan eligibility, the student may borrow from the Graduate PLUS Loan. Entrance counseling is required for both Federal Direct Loans and Graduate PLUS Loans.

Types of Federal Loan Programs

Federal Direct Subsidized Loan - Learn more »
As of July 1, 2012 the federal government removed the interest-free subsidy on the subsidized Direct Loan for graduate students.

Federal Direct Unsubsidized Loan - Learn more »
A non-need based loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). A loan fee of approximately 1% will be deducted from the loan prior to disbursement. Repayment begins 6 months after graduation. These funds must be repaid. 

Federal Graduate PLUS Loan Learn more »
A credit-based, non-need loan where the student is responsible for all interest which accrues from the day of disbursement (view interest rate chart). A loan fee of approximately 4% will be deducted from the loan prior to disbursement. The maximum amount cannot exceed the approved cost of education (including all other aid) for the loan period. Repayment begins immediately following graduation. These funds must be repaid.

Federal Perkins Loan 
A federal loan available to financially needy students that are enrolled at least half-time. There are limited funds available for this loan. An eligible student may qualify for up to $1,500 a trimester. The Federal Perkins Loan has a 5% fixed interest rate; there are no fees. Repayment of the loan begins 9 months after a student ceases to be enrolled at least half-time. These funds must be repaid.

More Information

View the current federal loan interest rates »

Most loan and scholarship programs require students to maintain standards of satisfactory academic progress

Allowable Loan Maximums - ND 

Loan Program Maximum Per Period
Federal Direct Subsidized $0
Federal Direct Unsubsidized $38,277
Academic Period Maximum $38,277
Graduate PLUS no maximum*

Note: A period is two trimesters.

* The maximum Graduate PLUS Loan (including any other financial aid) cannot exceed the approved budget for the loan period.

Aggregate Direct Loan Maximums - ND

Loan Program Maximum
Federal Direct Subsidized $65,500
Federal Direct Unsubsidized $158,500
Aggregate Maximum $224,000
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