Financial Aid

The Noorda-COM Office of Financial Aid recognizes that funding your medical education will be one of the most important investments of your life.  We understand that you are investing in yourself and all that you hope to become.  Our job is to help you find the resources you need to successfully navigate the financial aid process, to develop a sound strategy to fund your education related expenses, and for you to graduate with the least amount of debt possible.  Through our Financial Wellness Program, we will help you sharpen your budgeting and money management skills, help you plan for the various educational related expenses you will incur along the way as you prepare for boards and residency interviews, and help you understand loan repayment options that are available to you as you prepare to graduate.  We are excited to be a part of your journey and hope that you will utilize all of the resources that we will provide throughout your Noorda-COM journey.

The Noorda-COM Office of Financial Aid Mission

The Noorda-COM Office of Financial Aid Team is committed to providing students with the tools necessary to navigate the financial aid process and to identify the best funding for which they are eligible.   We will empower our students by being communicative and transparent, delivering quality student services and advising, delivering a wholistic financial wellness program, and supporting and promoting what is in the best interest of our students.

Core Values

  • Availability to students
  • Quality student service
  • Commitment to financial wellness
  • Effective, consistent, transparent, and clear communication
  • Integrity and irreproachable ethics
  • Professionalism
  • Continuous Improvement
  • Utilization of technology and all available resources to maximize outcomes

Noorda-COM’s Status of Eligibility For Participation In Title IV Student Aid Programs

Currently Noorda-COM is ineligible to participate in federally sponsored student loan programs.   Federal regulations require new schools to have full accreditation prior to being eligible to apply to participate in Title IV federal funding programs (e.g., Federal Unsubsidized Stafford and Federal Graduate PLUS Loans).  Upon the graduation of our inaugural class in 2025 we will be eligible to submit our application, known as the Program Participation Agreement (PPA) to participate in Title IV financial aid programs.  Approval of the application by the U.S. Department of Education may take 6 – 12 months or longer.  We cautiously anticipate that we will begin offering a federal student loan option mid-way through our 2025-26 academic year.  Once approval has been granted, Noorda-COM will begin to offer Federal Student Aid to students who are currently enrolled, and students enrolled thereafter.

The Office of Financial Aid will provide periodic updates as soon as we are able to begin preparing for our PPA submission.

Students attending Noorda-COM that need financial aid to fund their tuition, fees, and to assist with living expenses, will need apply for private student loans. Various lending options are available to students; more information is available in the Types of Assistance section.

Types of Assistance

Noorda-COM students who need financial assistance to pay their tuition and fees and/or funds to assist with their living expenses, will be able to apply for private educational student loans, set-up a payment plan to pay tuition and fees each semester, apply for scholarships, and/or pay cash.

Private Student Loans

Students can seek private student loans from a variety of banks.  Students will need to do their due diligence in finding the best student loan product to meet their needs. ELMSelect is a tool available to students to compare loans.  This tool provides a neutral lender and product comparison tool you can utilize when making the decision to borrow.  ELMSelect is powered by ELM Resources, a not-for-profit mutual benefit organization.

Scholarships

Students are encouraged to search for scholarships using available scholarship search tools, as well as, reviewing various organization websites to identify possible opportunities. The Noorda-COM Office of Financial Aid will post scholarship opportunities that may be of interest to our students.

External Scholarship/Forgivable Loan Opportunities:

Scholarship Searches:

Cost of Attendance (Budgets & Tuition)

At the Noorda College of Osteopathic Medicine, we are driven to commit to the guiding principles of our social mission, vision, and values. College resources are applied to achieve the highest quality in our students, faculty, and programs. Balancing increases in costs with measures to stabilize student debt are also important factors in our financials decisions. Tuition is locked in from your first year across all four years. Your cost of attendance at enrollment of Year One will be the same as your cost of attendance at Year Four. Fees vary by year, depending on the curriculum of that particular year.

The cost of attendance is an estimate of what a student’s educational expenses (e.g., tuition and fees, room and board, transportation, personal expenses, program related expenses, etc.) will be for a period of enrollment (e.g., semester or academic year).  The estimated Cost of Attendance uses the parameters set forth by the U.S. Department of Education and utilizes various sources of information to develop. These sources include, but are not limited to student surveys, U.S. Bureau of Labor Statistics, guidance provided by programmatic organizations, and a cost-of-living analysis of the Provo, Utah area.

We encourage all students to prepare a budget using the Budget Worksheet and to monitor their budget frequently and adjust as needed. 

The Class of 2025 Estimated Cost of Attendance for the 2021-2022 academic year is as follows:

Tuition
$53,300
Fees/Digital Resources
$2,862

Total Direct Costs

$56,162

Instruments
$775
Room & Board
$15,870
Transportation
$2,944
Personal Expenses
$3,728
Health Insurance
$3,980

Total Cost of Living

$27,297

Estimated Total Cost of Attendance

$83,459

Financial Aid Eligibility

A student’s financial aid eligibility is determined based on enrollment status, satisfactory academic progress, and cost of attendance.

Enrollment Status

At Noorda-COM our programs define full-time at 9 or more semester credits and half-time enrollment at 4.5 – 8.5 semester credits for the fall and spring semesters.  Students who enroll for the summer term may be eligible for financial aid if they are enrolled in 3.5 or more credits.  The course(s) a student is taking during the summer must be required for the completion of their degree to be eligible for financial aid.  Students must submit a Request for Financial Aid Form to determine summer eligibility at least 30 days before the semester begins.

A student must be enrolled in required courses for at least half-time each semester to receive and/or maintain eligibility for student financial aid.  A student enrolled in less than half-time in a semester will not be eligible for financial aid for that semester/term.

Satisfactory Academic Progress

Satisfactory Academic Progress (SAP) requirements are used to ensure a student is progressing through their program at a pace necessary to successfully complete the program within progression limits.  A student must meet all SAP requirements to maintain eligibility for financial aid. If a student is not meeting SAP, they will be notified and advised of their options.  Students are required to be aware of the SAP requirements to maintain eligibility and can become informed of these requirements by reviewing the Satisfactory Academic Progress Standards.

Each year the Office of Financial Aid will review the academic progress of all students.  If a student is not meeting SAP, they will be notified and provided instructions as outlined in the Satisfactory Academic Progress Standards Policy.

Cost of Attendance

The cost of attendance is the cornerstone of establishing a student’s financial need, as it sets a limit on the total aid a student may receive for a given period of enrollment. Please see the Cost of Attendance section for more details.

Disbursement of Aid

The institution will disburse funds that are available and ready for disbursement the week prior to classes beginning each semester.  Tuition and fees will be paid using the students financial aid funds.  Before any funds can be paid to a student’s tuition and fee account the student must be properly enrolled and they must meet all Satisfactory Academic Progress (SAP) standards.  Once tuition and fees are paid and if the student has remaining funds available, the Office of the Bursar will process a refund for students to use for educational purposes, including their individual living expenses (e.g., room and board, transportation, personal expenses, and health insurance). Students who are due a refund will receive their funds as a direct deposit into their designated bank account (ACH deposit) or by check.  Refund checks are typically made within fourteen (14) days of funds being received and disbursed to the student’s tuition and fee account.

If financial aid funds are not available to pay a student’s tuition and fees on time, or if the student has an outstanding balance owed to the institution after their aid has paid, the student will need to contact the Office of Student Accounts to identify their payment options and due dates.

Due to students receiving their refunds after classes begin, students are encouraged to budget accordingly to make sure they have funds for miscellaneous educational and living expenses until the refunds are released during the first two (2) weeks of the semester.

Disbursement frequency/Academic Year:  At Noorda-COM students will be enrolled in a fall and a spring semester each academic year.  Therefore, student financial aid will be disbursed as two (2) payments.  In the rare instance that a student is enrolled during the summer term, is eligible for summer aid, and has secured summer funding, a third disbursement will occur for the summer enrollment period. Students enrolled in the summer term may not be eligible for financial aid; a case-by-case review of eligibility will be completed upon the request of the student using the Request of Financial Aid Form for the summer term.

NOTE:  Students must complete the Noorda-COM financial aid process, be in receipt of an award letter outlining their financial aid awards, complete all requirements (e.g., Entrance Counseling, Master Promissory Notes (MPN), etc.), receive credit approval from private lender, meet all SAP standards, and be properly enrolled in courses at the level they requested aid for prior to the start of the semester before aid can be disbursed.  It is the student’s responsibility to follow-up with any requests they may receive from the Office of Financial, their lender, and/or scholarship provider in a timely manner to prevent delays with the processing and disbursement of financial aid funds.

Financial Aid at a Glance

STEP 1

Prior to matriculation, admitted students must confirm funding has been secured.  Student will apply for a private student loan with the lender of their choice.  Students will be required to submit the Funding Statement Form to the Office of Financial Aid no later than 90 days prior to their first semester of each academic year.

STEP 2

Once you have an approved private student loan the lender will require the Noorda-COM Office of Financial Aid (OFA) to ‘certify’ the loan amount.  This process is required to ensure that the loan does not exceed the student’s cost of attendance for the academic year.  The lender will contact Noorda-COM OFA directly.

STEP 3

The private student lender will send the loan funds to Noorda-COM the week before courses begin.  The loan funds will be applied to charges on the student’s account for tuition and fees.

STEP 4

If there is a balance owed, the student will need to pay the balance or secure a payment plan through the Office of the Bursar before classes begin or by the published deadline announced through the Office of the Bursar.  If there is a credit balance after the student loan is applied to the student’s account, the Bursar will generate a refund to the student during the first week of class or within 10 days of the funds being received by Noorda-COM.

Financial Aid Resources

FINANCIAL WELLNESS

The Office of Financial Aid is committed to the success of each of our students. We encourage students to utilize all available resources in the process of managing their financial affairs and planning for their future.  As an osteopathic medical student, the Commission on Osteopathic College Accreditation (COCA) requires each student to attend at least 2 financial wellness workshops.  Workshops that meet the COCA requirement will be scheduled throughout each academic year and students will be notified by the Office of Financial Aid.  We encourage our students to exceed this minimum and attend a variety of sessions while enrolled at Noorda-COM.

A variety of Financial Wellness resources and learning opportunities will be provided to students while attending Noorda-COM.  These resources will include in-person workshops, webinars, modules, videos, articles, and websites.  These resources will focus on debt management, credit, repayment/forgiveness programs, and financial planning.

POLICIES & PROCEDURES

Satisfactory Academic Progress Policy
Satisfactory Academic Progress (SAP) applies to all Noorda-COM students.  These standards are to be used when reviewing a student’s academic progress whether they received financial aid (federal and/or private) or not.  The SAP standards for the purpose of the review by the Office of Financial Aid must be at least as strict as the institution’s academic progress policy set by each program.  Students are expected to pass their courses and progress through their program within a designated timeframe.  The SAP Policy outlines the standards which will be measured and how academic progress will be monitored.

For programs greater than one year the SAP review will occur at the end of the spring semester once all grades have been posted by the Office of the Registrar.  In some instances, if a student enrolls in summer courses their SAP review will occur at the end of the summer term once grades have been posted.  Students enrolled in a program that is one (1) year or less in length will be reviewed at the end of each term (e.g., fall, spring, and summer).  Currently, Noorda-COM does not offer any 1-year programs.

It is the student’s responsibility to review and understand the Noorda-COM Satisfactory Academic Progress Policy.  Students are strongly encouraged to review the SAP Policy prior to each academic year to remain up to date on what is expected of them academically to maintain their financial aid eligibility.

Satisfactory Academic Progress Policy 

Professional Judgment Procedure
The Financial Aid Administrator has the authority to exercise professional judgment, both before and after a student is awarded, if a student can document an extenuating circumstance warranting a change to data elements that may impact a student’s eligibility. Professional judgment may not be used to change the needs analysis formula (Cost of Attendance – Financial Resources = Need). The following are examples of extenuating circumstances graduate students experience that may qualify for a professional judgment adjustment to be considered:

  • Adjustment to cost of attendance based on documented additional allowable expenses
  • Satisfactory academic progress appeals to reinstate aid on probation
  • Unusual medical or dental expenses not covered by insurance or accounted for in the need analysis formula under the Income Protection Allowance

In most instances, changes to income will not have an impact on the type or amount of aid that a Graduate /Professional student is offered and/or receives.

To request that aid be reviewed due to these or similar extenuating circumstances, the student must write a letter explaining in detail the reason for the request. Students are encouraged to talk with the Director of Financial Aid regarding their unique circumstance to identify if they would benefit from submitting a professional judgment request. Appropriate documentation will be required to document the student’s extenuating circumstance. For example, if a student is claiming excessive medical expenses, he/she may be required to produce a statement from their insurance company outlining claims and payments. Students will be notified of what reasonable documentation they will need to produce after the written appeal request has been reviewed.

The student must be currently enrolled to request a professional judgment review. Requests must be received by the Office of Financial Aid no later than 1 month prior to the last day of classes for the current academic year. All decisions are made on a case-by-case basis after reviewing the student’s individual circumstances. The student should be aware that while the college will attempt to make a final decision promptly, there may be instances where additional information is required which may delay the decision. The decision of the designated Financial Aid Administrator is final and cannot be appealed to the U.S. Department of Education.

Voter Registration

The 1998 Reauthorization of the Higher Education Act of 1965 requires all postsecondary institutions to make a good faith effort to distribute voter registration materials to each degree or certificate seeking student who is physically in attendance at the institution.  For more information on voter registration and state requirements, use the links below:

Utah Residents

Voter registration information is available on the Utah Lieutenant Governor Elections website using the website listed below.

https://elections.utah.gov/

Deadlines:  The application to Register to Vote must be received by your county clerk’s office no later than 5:00pm eleven (11) calendar days before the election.  Students should check the link above or their local election office for any changes to posted deadline dates.

Residents of Other States

Voter registration information for each state can be accessed through the U.S. Election Assistance Commission website below.  You must follow the state-specific instructions listed for your state.

https://www.eac.gov/voters/national-mail-voter-registration-form/

Deadlines:  The deadline for registering to vote varies by state and may vary for online registration, mail-in registration, and in-person registration.  Also, the voter registration options available for each state will vary and students will need to plan to register to vote early to avoid delays and missing deadlines.

Contact Financial Aid

Please do not hesitate to contact the Noorda-COM Office of Financial Aid with any questions that you may have throughout the financial aid process.

Email:
financialaid@noordacom.org

Address:
Noorda-COM
Office of Financial Aid
1712 South East Bay Blvd
Building 5 – Suite 300
Provo, UT 84606