Whether you accept it, avoid it or live somewhere in between, insurance coverage has become a defining issue for our profession. Patients increasingly expect to use their benefits, practitioners want to be compensated fairly for their time and expertise, and the system itself remains – at best – fragmented. The encouraging news is that coverage has expanded in meaningful ways. The challenging news is that reimbursement, across the board, remains inadequate.
How Does Your Student-Loan Debt Stack Up?
Paid off your student loan yet? If average student-loan debt for graduates of AOM programs in this state is an indication of the nationwide reality, you're not even close.
An analysis of 500+ programs at 57 institutions in Oregon reveals that graduates of Oregon College of Oriental Medicine (OCOM, which offers a Master of Acupuncture, Master of Acupuncture and Chinese Medicine and Doctor of Acupuncture and Chinese Medicine) carry an average student-loan debt of $159,504. Graduates of National University of Natural Medicine (NUHM; originally a naturopathic college, but now also offering a Doctor of Science and Master of Science in Oriental Medicine) carry average debt of $231,702.
Here are the state's top 10 debt-generating programs based on the analysis of U.S. Dept. of Education data:
#1: Oregon Health & Science University (dentistry, first professional degree) – $276,675
#2: NUNM (alternative and complementary medicine and medical systems, first professional degree) – $231,702
#3: Oregon Health & Science University (medicine, first professional degree) – $221,089
#4: Pacific University (clinical counseling and applied psychology, doctoral degree) – $209,599
#5: Pacific University (pharmacy, pharmaceutical sciences and administration, doctoral degree) – $199,228
#6: Pacific University (optometry, doctoral degree) – $180,654
#7: University of Western States (chiropractic, first professional degree) – $169,703
#8: Oregon College of Oriental Medicine (alternative and complementary medicine and medical systems, master's degree) – $159,504
#9: Oregon State University (veterinary medicine, first professional degree) – $155,786
#10: Willamette University (law, first professional degree) – $154,190