CCNM - Help Us Grow

Financial Assistance

Scholarships, bursaries and awards

CCNM offers a number of awards, bursaries and scholarships through the generosity of many donors. Please refer to CCNM's website for additional details or contact a student services officer at ext. 245, or e-mail info@ccnm.edu.

Provincial student loans and bursary programs

Students may be eligible for student loans and/or bursaries under the Canada student loans program and the provincial governments of Canada.

Canadian students enrolled in the Doctor of Naturopathic Medicine program may be eligible, if qualified, for assistance under one or more of the following components in the:

Canada Student Loans Program (CSL)
Ontario Student Loans Program (OSL)
Student loan program in your province of residence

The federal and provincial government may not cover the full cost of tuition.

A student may only apply from the province of residence in which s/he has most recently lived for at least 12 consecutive months, excluding time spent as a full-time student at a post-secondary institution. Currently, the province of Quebec does not recognize the Doctor of Naturopathic Medicine program at CCNM as an eligible program for government loans. Please contact a CCNM student services officer for alternative sources of financial aid.

A loan application must be submitted for each academic year you attend. Student loan applications are produced by your provincial loan office and usually become available each year at the end of May. Applications online are also available on your provincial website, and are typically the preferred method of applying. Paper applications have, in some cases, been eliminated.

You may submit an application prior to receiving your acceptance letter from the College. It is recommended that you submit your application as early as possible (mid-June) to ensure your loan will be available upon College registration. Processing times may vary and could take eight to ten weeks.

You may obtain student loan information from your provincial loan office or by contacting a student services officer.

Important information on student loans

CCNM complies fully with the performance requirements for the administration of the Ontario Student Assistance Program (OSAP) by Private Schools (non-PVS) as set out by the Ministry of Training, Colleges and Universities (MTCU) to ensure that proper administration of public funds and the prevention of program abuse and fraud are avoided. The Ministry's full requirements can be accessed through the website at http://osap.gov.on.ca.

Active Student Participation and Satisfactory Scholastic Progress Policy

All students receiving OSAP or other provincial loans are required to adhere to all applicable OSAP regulations and conditions, including active participation and satisfactory scholastic progress to the full extent of CCNM's satisfactory academic progress requirements. Students will be withdrawn for OSAP or government loan purposes only, if they fail to meet the requirement of 20 hours of instruction per week for four consecutive weeks, while maintaining a course load of 60 per cent or more. Such a withdrawal for OSAP purposes is automatic and does not require written notification from the student.

In addition, all students receiving OSAP must achieve satisfactory scholastic progress at the institution, a minimum of 70 per cent in each course, while maintaining all of the conditions stated above. Those not meeting the scholastic progress requirement will be subject to the following consequences and remedies, as required by the Ministry of Training, Colleges and Universities:

Scholastic Situation	Consequence	Remedy
Failure to achieve satisfactory scholastic standards during one study period	Student put on probation; remains eligible for OSAP in next study period	Must succeed in all following academic years to maintain continuous CSL/ CSG*/OSL eligibility
Failure to achieve satisfactory scholastic standards during two study periods	Student loses CSL/ CSG/OSL eligibility for a minimum of 12 months	Must maintain CSL/ CSG/OSL in good standing with lending institution during the 12- month period
Failure to achieve satisfactory scholastic standards during three study periods	Student loses CSL/ CSG/OSL eligibility for a minimum of 36 months	Must maintain CSL/ CSG/OSL in good standing with lending institution during the 36- month period

*CSG = Canada Study Grant

Negotiation of student government loans

1. Pick up a loan document from the Student Services Department. You must present your SIN card, and photo ID to negotiate your loan. Outlets are listed on the Canada Student Loans website at: www.canlearn.ca

2. A student services officer and the student shall sign the loan document for the loan to be negotiated.

3. Take the document to a designated postal outlet or agency approved to process your loan within 30 days of signing it.

4. If loan documents have not arrived by the first day of class, the student can complete a “Schedule 2”.

Remaining in interest-free status

If you have a previous Canada-Ontario Integrated Student Loan, Canada Student Loan, and/or an Ontario Student Loan, it is important that they remain in interest-free status. Students must be enrolled in at least 60 per cent of a course load to qualify. To maintain interest-free status, the lender holding your previous loans (bank, financial institution and/or NSLSC) must be informed that you are still in school. This is done automatically once your completed Confirmation of Enrolment form is processed by your post-secondary institution and by the Ministry of Training, Colleges and Universities. The Ministry will electronically inform your previous lender that you are still in school.

*Please note – a student who does not qualify for a loan must complete the appropriate Continuation of Interest-free Form (Schedule 2) from his/her province.

Loan responsibilities regarding repayment – OSAP/CSL

Loan repayment begins six months after the completion of your studies, or when you have stopped being a full-time post-secondary student. Interest accrues on the loan from the time you are no longer a full-time student. The rates and conditions for repayment are set at the time of repayment.

It is the borrower's responsibility to understand the terms and conditions of the loans. Specific information is available on each of the provincial loan websites. For students who temporarily cannot repay their loans due to low income, interest relief and/or debt-reduction programs may be available to aid you in paying the interest on your loans. Applications are available from the Student Services Department, or your lender.

Key Performance Indicators

In accordance with the Ontario Ministry of Training, Colleges and Universities' Performance Guidelines, CCNM publishes performance indicators for students on employment rates, graduation rates, and student loan default rates.

Employment rates

CCNM graduates participate in the NPLEX (Naturopathic Physicians Licensing Examinations) in August of their graduation year and are not eligible for licensure until September. The employment rate reflects the month of November, only two months after a student gains licensure.

Number Employed Six Months After Graduation

Graduate Class	Employment Rate
2004	72%
2003	76%
2002	87%
2001	81%
2000	83%
1999	85%

Graduation Rates

Graduate Class	Graduation Rate
2004	87%
2003	89%
2002	87%
2001	96%
2000	93%
1999	92%

Default Rates

The default rate reflects the repayment status of CCNM students who were issued Ontario student loans in the academic years prior to graduation.

Graduate Class	Number of Loans Issued	Loans in default	Default Rate
2004	71 (in ’01-‘02)	2	2.8%
2003	66 (in '00-'01)	1	1.5%
2002	72 (in '99-'00)	1	1.4%
2001	45 (in '98-'99)	1	2.2%
2000	40 (in '97-'98)	0	0.0%
1999	40 (in '96-'97)	3	7.5%
1998	24 (in '95-'96)	0	0.0%

Provincial and Territorial Student Assistance Offices

Alberta Alberta Student Finance Board P.O. Box 28000, Station Main Edmonton AB T5J 4R4 http://studentloans.gov.ab.ca 780-427-3722 Fax: 780-427-5920	Ontario Student Support Branch Ministry of Education and Training P.O. Box 4500 189 Red River Road, 4th Floor Thunder Bay ON P7B 6G9 http://osap.gov.on.ca 1-900-565-6727 ($2 applies - automated, ON only) or 1-807-343-7260 (out of province)
British Columbia Student Services Branch Ministry of Advanced Education, Training and Technology P.O. Box 9180 Stn Prov Govt Victoria BC V8W 9H9 www.aved.gov.bc.ca/studentservices 250-387-6100 or 604-660-2610 1-800-561-1818 Fax: 1-888-262-2112; 250-387-4858	Prince Edward Island Student Aid Division Dept. of Education P.O. Box 2000, 16 Fitzroy St. Sullivan Building, 3rd Floor Charlottetown PEI C1A 7N8 www.edu.pe.ca/studentloan 902-368-4640 Fax: 902-368-6144 studentloan@gov.pe.ca
Manitoba Dept. of Education and Training Student Financial Assistance 409-1181 Portage Ave. Winnipeg MB R3G 0T3 www.studentaid.gov.mb.ca 204-945-6321 or 204-945-2313 (out of province) 1-800-204-1684 (within MB) Fax: 204-948-3421	Quebec Direction Generale de l'Aide Financiere aux Etudiant Ministere de l'Education 1035, rue De La Chevrotiere, Edifice Marie Guyart, 22e étage Quebec PQ G1R 5A5 *Please note that the province of Quebec does not recognize CCNM Students as eligible for government loans. 418-646-5245 (outside Quebec) 418-646-4505 (within Quebec) 514-864-4505 (in Montreal)
New Brunswick Student Services Branch Dept. of Advanced Education and Labour P.O. Box 6000, 548 York Street Fredericton NB E3B 5H1 www.studentaid.gnb.ca 506-453-2577 or 1-800-667-5626 Fax: 506-444-4333 finpostsec@gov.nb.ca	Saskatchewan Student Financial Assistance Education & Skills Training Rm. B21, 3085 Albert Street Regina SK S4P 3V7 www.sasked.gov.sk.ca 306-787-5620 or 1-800-597-8278 Fax: 306-787-1608
Newfoundland Student Aid Division Department of Education P.O. Box 8700 St. John's NL A1B 4J6 www.edu.gov.nf.ca/studentaid/ 709-729-5849 or 709-729-4244 1-888-657-0800 Fax: 709-729-2298 studentaid@mail.gov.nf.ca	Yukon Territory Students Financial Assistance Unit Department of Education P.O. Box 2703 www.education.gov.yk.ca 867-667-5929 Fax: 867-667-8555 Whitehorse YT Y1A 2C6
Northwest Territories Student Financial Assistance Department of Education, Culture and Employment Government of NWT P.O. Box 1320 www.nwtsfa.gov.nt.ca 1-867-873-7190 or 1-800-661-0793 Fax: 403-873-0336 or 1-800-661-0893 Yellowknife NWT X1A 2L9	Nova Scotia Student Assistance Office Department of Education and Culture, Student Assistance Office P.O. Box 2290, Halifax Central http://studentloans.ednet.ns.ca 902-424-8420 or 1-800-565-8420 (within NS) Fax: 902-424-0540 Halifax NS B3J 3C8
Information on Canada Student Loans The Learning and Literacy Directorate Human Resources Development Canada P.O. Box 2090, Station “D” Ottawa ON K1P 6C6 1-819-994-1844 1-888-432-7377 (toll-free-English) 1-800-733-3765 (toll-free-French)

The U.S. Federal Loan Program

CCNM participates in the Federal Family Education Loan (FFEL) Program. CCNM students may qualify for the Stafford Loan Program. Stafford loans are available to eligible students who are United States citizens. For more details, please contact a student services officer or visit the Free Application for Federal Student Aid website at: www.fafsa.ed.gov. You may also contact the U.S. Department of Education at 1-800-4FED-AID or 319-337-5665.

The Subsidized Stafford Loan Program is a need-based, federally insured student loan program. The current Stafford Loan annual limit is $8,500 US subject to demonstrated financial need. Interest does not accrue on these loans while attending school.

The Unsubsidized Stafford Loan Program is a federally insured student loan that is not need-based. The maximum annual loan amount is $10,000 US. Interest accrues on this loan while you are attending school.

Additional loans

Private loans may be available through participating financial institutions. Please refer to CCNM’s website for additional details, or contact the Student Services Department.

Bank loans

The following information is correct as at the time of publication. As financial institutions change policies from time to time, we recommend you contact your institution of choice to confirm details.

Canadian Imperial Bank of Commerce (CIBC)

Students enrolled in the ND program at CCNM can apply for a professional line of credit without the need of a co-signatory. This allows for a maximum of $15,000 in each of the four years with a top up of $20,000 in either year three or year four. Interest is at prime plus one per cent and the line of credit is converted to a personal loan 12 months after graduation.