Ross University, founded in 1978, is a for-profit college offering degrees in Doctor of Medicine and Doctor of Veterinary Medicine. The School of Medicine is located in Dominica, in the West Indies, with clinical education centers in Miami,FL, Saginaw, MI and Freeport, Bahamas. The School of Veterinary Medicine is located in St. Kitts.. Ross University is owned by DeVry, Inc., which acquired the school in 2003 from Leeds Equity Partners, a private equity firm, for $310 million. The administrative offices are located in North Brunswick, New Jersey, United States. Students of Ross University are almost all citizens or permanent residents of the United States, who are eligible for financial assistance under Title IV of the Higher Education Act. Ross' curricula follow the models used in U.S. medical and veterinary schools. The university's medical school, the Ross University School of Medicine (RUSM), was founded in 1978 by Robert Ross. It is located in Portsmouth on the Caribbean island of Dominica. The university confers upon its graduates the Doctor of Medicine degree.