ASU gets loan approval for osteopathic program - KAIT Jonesboro, AR - Region 8 News, weather, sports

ASU gets loan approval for osteopathic program

May be used for academics and athletics May be used for academics and athletics
JONESBORO, AR (KAIT) -

Arkansas State University moved one step closer of bringing a Doctor of Osteopathic Medicine program to Jonesboro.

A-State received approval Monday from the Arkansas Higher Education Coordinating Board to obtain an $8 million loan with a term of 8 years at an annual interest rate not to exceed 5 percent, according to a news release from the Arkansas Department of Higher Education.

Money from the loan will be used to renovate and modernize Wilson Hall, including reconfiguring the building’s infrastructure for new laboratories and ADA improvements.

The New York Institute of Technology will lease the renovated space to provide the new Doctor of Osteopathic Medicine program.

Revenues generated by the program will reimburse A-State for the entire renovation cost. The full cost of the project is estimated at $12.6 million.

Copyright 2015 KAIT. All rights reserved.

Region 8 News App - Install or update on your: iPhone | Android

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • A-State's disaster preparedness program ranked as top in nation

    A-State's disaster preparedness program ranked as top in nation

    Friday, May 25 2018 1:30 PM EDT2018-05-25 17:30:28 GMT
    Saturday, May 26 2018 8:42 AM EDT2018-05-26 12:42:43 GMT
    (Source: KAIT)(Source: KAIT)

    Arkansas State University’s Regional Center for Disaster Preparedness was honored recently by a college ranking website, College Choice.

    Arkansas State University’s Regional Center for Disaster Preparedness was honored recently by a college ranking website, College Choice.

  • Local high school graduates inaugural senior class

    Local high school graduates inaugural senior class

    Friday, May 25 2018 11:05 PM EDT2018-05-26 03:05:02 GMT
    Friday, May 25 2018 11:36 PM EDT2018-05-26 03:36:46 GMT
    KIPP graduated their inaugural senior class. (Source: KAIT-TV)KIPP graduated their inaugural senior class. (Source: KAIT-TV)
    KIPP graduated their inaugural senior class. (Source: KAIT-TV)KIPP graduated their inaugural senior class. (Source: KAIT-TV)

    It's a milestone for the 36 graduating seniors for one local high school.

    It's a milestone for the 36 graduating seniors for one local high school.

  • Filing period ends for mayor's races in region

    Filing period ends for mayor's races in region

    Friday, May 25 2018 11:12 PM EDT2018-05-26 03:12:31 GMT
    Friday, May 25 2018 11:35 PM EDT2018-05-26 03:35:35 GMT
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)

    The November general election may be several months away, but voters in Newport, Pocahontas, Searcy and several other towns already have municipal races to decide this fall. 

    The November general election may be several months away, but voters in Newport, Pocahontas, Searcy and several other towns already have municipal races to decide this fall. 

Powered by Frankly