An applicant is eligible for licensing by the State Board of Examiners for Speech-Language Pathology and Audiology as a speech-language pathologist if the applicant:
(1) Possesses a master’s or doctoral degree in speech-language pathology from an educational institution accredited by an accrediting organization approved by the board, or an equivalent degree as determined by the board;
(2) Completed all requirements for the degree required by subsection (1) of this section at an educational institution accredited by an accrediting organization approved by the board;
(3) Has completed supervised clinical experience required by the board by rule;
(4) Has passed examinations required by the board by rule; and
(5) Meets other requirements established by the board by rule.