Please note that tuition fees are the responsibility of the student.  CCNM is not responsible for loans arriving past the tuition due date.  Delays relating to processing and advancing of loans are the responsibility of the student.  Financial Aid is not available for students enrolled in the Naturopathic College Preparatory Program (NCPP).
 

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Federal and Provincial Student Loan Programs
Financial Need Assessment Criteria, and Maximum Amounts for Ontario Student Loans (2006-2007)
Current School Costs (2006-2007 academic year)
Canada Millennium Scholarships
U.S. Federal Loan Program
Provincial & Territorial Contact Information
Private Loans
CCNM Bursary Awards Program
Convocation Awards
Performance Indicators
    Employment Rates
    Graduation Rates
    Default Rates
Cost of Living in Toronto
Managing Your Budget

FEDERAL & PROVINCIAL STUDENT LOAN PROGRAMS

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 CCNM doctor of naturopathic medicine program as eligible for government loans. Please contact a CCNM student service officer for alternative sources of financial aid.

A loan application must be submitted for each academic year you attend. Student loan applications are administered by your provincial loan office and usually become available at the end of May. Online applications are available on the website of your provincial loan program 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 10 weeks.

You may obtain student loan information from your provincial loan office or by contacting Student Services.

Be sure to read your loan application, accompanying guide and all other documents carefully. You are responsible for your student loan and its repayment. Your provincial loan application guide details eligibility requirements, maximum loan amounts, repayment process, etc.

* Nunavut and the Northwest Territories operate their own student assistance plans. If you are a resident of Nunavut or Northwest Territories, contact the territorial student assistance office for further information.
 

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Financial Need Assessment Criteria, and maximum amounts for Ontario student loans for 2006-2007

*CSG = Canada Study Grant

*Please note that the calculated amounts are maximum amounts a student may receive, and does not necessarily reflect the amount you are guaranteed to receive.
 

Current School Costs (2006-2007 Academic Year)

*Please note that all fees listed are subject to change.

 NOTE: Naturopathic Students’ Association (NSA) Health and Dental Plan

All CCNM students in the naturopathic doctor program are assessed a fee for the NSA Health and Dental Plan. The plan provides students with health and dental coverage for 12 months, from September 1, 2006 to August 31, 2007. Students already covered through another plan may opt out of the NSA Health & Dental Plan, online, within the first three weeks of classes. NSA members can also enroll their spouse and/or dependants in the plan. Students starting in January 2007, will be assessed a fee that will be pro-rated for 8 months of coverage (January 1 – August 31, 2007). For more information, contact studentcare.net/works at 1-866-369-8791 or visit their website at http://www.studentcare.net .

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Canada Millennium Scholarships

On January 1, 2000, the federal government created the Millennium Scholarship Foundation and will continue to offer it until 2010.  This scholarship is intended to reduce student loan debt.  Each province has created its own criteria for eligibility.  Based on a calculated need vs. resource database, students could receive between $2,000-$4,000, depending on the province of residence. For more information please call 1-800-667-4938 or visit the Web site at http://www.milenniumscholarships.ca Early provincial applications may increase your chances of receiving a Canada Millennium Scholarship, as the deadline for the ministry to receive your Confirmation of Enrolment is the end of October in order for you to be considered for the Scholarship.  For information on Canada Millennium Scholarships, please visit: http://www.canlearn.ca/

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U.S. Federal Loan Program

CCNM participates in the Federal Family Education Loan Program (FFEL) and our school code is G32733-00 or 032733-00.  Stafford loans are available to eligible students who are citizens of the United States.  For details , please contact  CCNM student services officer or visit the Web site at: www.fafsa.ed.gov.  You may also call 1-800-4FED-AID / 319-337-5665 Monday through Friday between 8 a.m. and 8 p.m. Eastern Time to get in touch with the U.S. Department of Education.

Subsidized Federal Stafford Loan Program
This is a need-based, federally insured student loan program.  The current Stafford Loan annual limit is $8,500 (U.S.).  Interest does not accrue on this loan while you are attending school.

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

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Provincial and Territorial Contact Information

Alberta - http://www.alis.gov.ab.ca/studentsfinance/
Alberta Student Finance Board
P.O. Box 28000, Station Main
Edmonton, Alberta
T5J 4R4
Tel: 780-427-3722
Fax: 780-427-5920

British Columbia - http://www.aved.gov.bc.ca/studentservices/
Student Services Branch
Ministry of Advanced Education, Training and Technology
2^nd Floor, 1106 Cook Street
Victoria, British Columbia
V8V 3Z9
Tel: 250-387-6100, 604-660-2610, 800-561-1818
Fax: 888-262-2112, 250-387-4858

Manitoba - http://www.studentaid.gov.mb.ca
Student Financial Assistance
Department of Education and Training
409-1181 Portage Avenue
Winnipeg, Manitoba
R3G 0T3
Tel: 204-945-6321 / 204-945 2313 (out of province)
1-800-204-1684 (in Manitoba)
Fax: 204-948-3421

New Brunswick - http://www.studentaid.gnb.ca/
Student Services Branch
Department of Advanced Education and Labour
P.O. Box 6000, 548 York Street
Fredericton, New Brunswick
E3B 5H1
Tel: 800-667-5626, 506-453-2577
Fax: 506-444-4333 

Newfoundland- http://www.edu.gov.nf.ca/studentaid/
Student Aid Division
Department of Education
Thompson Student Centre
P.O. Box 8700, 3^rd Floor
St. John's, Newfoundland
A1B 4J6
Tel:  709-729-5849 / 1-888-657-0800
Fax:  709-729-2298 

Northwest Territories - http://www.nwtsfa.gov.nt.ca
Student Financial Assistance
Department of Education, Culture and Employment
P.O. Box 1320
Yellowknife, NWT
X1A 2L9
Tel: 800-661-0793, 867-873-7190
Fax: 800-661-0893 

Nova Scotia - http://www.ednet.ns.ca
Student Assistance Office
Department of Education and Culture
P.O. Box 2290, Halifax Central
Halifax, Nova Scotia
B3J 3C8
Tel: 902-424-8420 / 1-800-565-8420 (within Nova Scotia)
Fax: 902-424-0540
Tel TDD: 902-424-2058 

Ontario - http://osap.gov.on.ca
Student Support Branch
Ministry of Education and Training
189 Red River Road, 4^th Floor
P.O. Box 4500
Thunder Bay, Ontario
P7B 6G9
Tel: 807-343-7260 (out of province)
Tel: 1-900-565-6727 ($2 fee applies-automated voice service to check status of application)
Tel TDD: 1-800-465-3958 (Ontario only)
 
Prince Edward Island - http://www.edu.pe.ca/studentloan/guide/
Student Aid Division
Department of Education
P.O. Box 2000
105 Rochford St., Shaw Building, 3^rd Floor
Charlottetown, PE
C1A 7N8
Tel:  902-368-4640 / Fax: 902-368-6144

Quebec
Direction generale de l'aide financiere aux etudiants
Ministere de l'education
1035, rue De La Chevrotiere
Edifice Marie-Guyart, 22 etage
Quebec
G1R 5A5
Tel:  418-646-5245 (outside Quebec)
Tel:  418-646-4505 (Quebec)
Tel:  514-864-4505 (Montreal)
*Please note that the province of Quebec does not recognize CCNM students to be eligible for government loans.

Saskatchewan - http://www.student-loans.sk.ca/
Student Financial Assistance
Post-Secondary Education and Skills Training
Room B21, 3085 Albert Street
Regina, Saskatchewan
S4P 3V9
Tel: 306-787-5620, 800-597-8278
Fax: 306-787-1608

Yukon - http://www.yesnet.yk.ca/sites/sfa
Students Financial Assistance Unit
Department of Education
P.O. Box 2703
Whitehorse, Yukon
Y1A 2C6
Tel:  867-667-5929
Tel:  1-800-661-0408 / 1-800-661-5929 (local)
Fax:  867-667-8555

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BANK LOANS
(Note: Individual banks may change their loan policies at any time.)

Royal Bank (RBC)
Students enrolled in the ND program at CCNM can apply for a Student Line of credit with a cosigner. This allows for a maximum of $50,000 during the four years of study. Interest is at prime plus 1% and payments against the line of credit begin 6 months after graduation.

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The Education Resources Institute (TERI) Loan
U.S. students enrolled in the Naturopathic College Preparatory Program (NCPP) at CCNM can apply for a TERI loan. This loan allows you to borrow up to $15,000 annually. The interest rate is low and repayment can be deferred for up to two years.
Eligibility for a Continuing Education TERI Loan:

You qualify if you are:
1. Enrolled less than half-time
2. Attending a TERI-approved school
3. Meeting the credit guidelines below:
A satisfactory credit history, residence and employment history of at least two years
Income sufficient to make required payments
If self-employed. to have been in business for at least two years
To be a U.S. citizen or permanent resident and have resided in the U.S. for the previous two years
4. An international student with a U.S. citizen or permanent resident co-applicant
 
To apply online: http://www.teri.org/

Sallie Mae Signature Student Loans
Signature loans are available for students who are either a U.S. citizen/resident or who have a co-borrower who is a U.S. citizen/resident. Students may qualify for up to $25,000 U.S.

U.S. students are required to first apply for a Stafford loan, before applying for a Signature loan. Canadian students do not need to apply for a Stafford loan first. Interest rates may range from prime + 0% to prime + 2% depending on the student or co-borrower's credit rating. Payments are not required while the student is in school, and students have up to 25 years to pay back the loan. Students must be enrolled at least half-time.

A loan is available to cover the total cost of education, which includes tuition, fees, room and board, computers and other expenses relating to education. The lifetime limit is $100,000 U.S.

Interest rates and loan fees vary depending on your credit history. Applying with a co-borrower may decrease loan costs, as the co-borrowers credit history will determine your interest and fees.

To apply online, visit: http://www.salliemae.com/international/.
You may also call 1-800-695-3317 (Monday to Friday between 8 a.m. and 8 p.m. Eastern time). The Student Services office will need to certify your application after you've completed it.
 

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CCNM BURSARY AWARDS PROGRAM

The following is a list of bursaries currently available to CCNM students for the 2006/2007 academic year.
If you require more information or need an application for a particular bursary, see: http://www.ccnm.edu/financial.html, or contact Student Services.
 

MULTIPLE YEARS

Standard Process Inc.
 

For:	A 2nd-year, 3rd-year and 4th-year student
Criteria:	Student must have a GPA of at least 3.0; be a full-time student and not in first year of program; prepare an essay. Scholarship Announcement
Sponsored by:	Standard Process Inc.
Selection process:	Application reviewed by a scholarship committee
Amount/year:	$2,500 U.S.
Application End Date:	Postmarked or received on or before April 16, 2007
Download Application	Standard Process Bursary

American Specialty Health Scholarship Program

FIRST YEAR

BMS Resources Entrance Bursary

First Nations Scholarship

First Year NaturoMedic.com Bursary

SECOND YEAR

Second Year NaturoMedic.com Bursary

THIRD YEAR

Third Year NaturoMedic.com Bursary

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Third Year Dr. Reckeweg Homeopathic Specialties Bursary

Richard McCrorie, B.Sc, DC, ND Bursary

FOURTH YEAR

Fourth Year NaturoMedic.com Bursary

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Fourth Year Dr. Reckeweg Homeopathic Specialties Bursary

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CONVOCATION AWARDS

Members of the graduating class who have excelled in the Doctor of Naturopathic Medicine program, in the naturopathic modalities, exhibited exceptional school spirit and a passion for the profession may be nominated for several convocation awards.  Please contact Student Services for details.

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KEY PERFORMANCE INDICATORS

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

Graduation Rates

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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.

WHAT DOES IT COST TO LIVE IN GREATER TORONTO AREA PER MONTH?
*Please note that all quoted amounts are of an approximate value only, in Canadian dollars, and may be subject to change at any time.

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