Thread: Good news for MUA. On path for Title IV Loan

It was posted on the MUA page that Nevis is recognized by NCFMEA... This means that medical education in Nevis is similar to education at American Schools. This, in addition with other requirements, allows MUA to apply for Federal Title IV loans for American students.... I remember my 1st semester at MUA, we had a site inspection by ACCM and was approved. Now we just need to meet the other requirement (60% of entering class passing the step, etc...)

NEVIS RECEIVES COMPARABILITY DETERMINATION FROM NCFMEA

On April 10, 2012, the National Committee on Foreign Medical Education and Accreditation (NCFMEA) met in Washington, D.C. to evaluate the report submitted by the Accreditation Commission on Colleges of Medicine (ACCM) on behalf of Nevis regarding its medical education accreditation activities. The purpose of the NCFMEA’s review was to determine the comparability of Nevis’ medical accreditation system for Doctor of Medicine programs to the systems used to accredit such programs in the United States (U.S.). Under U.S. law, accredited schools in a jurisdiction that the NCFMEA finds comparable may apply to participate in the U.S. William D. Ford Federal Direct Loan (Direct Loan) program.

The NCFMEA reviewed and accepted the report submitted by the ACCM on behalf of Nevis regarding the ACCM’s medical accreditation activities in Nevis and issued a determination of comparability. Nevis will subsequently be posted on the U.S. Department of Education’s list of comparable jurisdictions.

Originally Posted by ntc26

Thanks for the information, it seems like from other posts on ValueMD that having the federal loan program takes away a lot of the hassles of financing your education!

Yes, federal loans will make it easier, but will probably make it more expensive as well. Tuition at AUC, SGU and Ross is two to three times that of other schools precisely because of the loans.

What do they use now? Ed Invest?