Thanks for the encouragement. I wish I could carry on with this energy until the fall semester. But I don't have that confidence with AUA. What if, come fall they still have not figured out the whole financial aid thingy? Then again I will have to defer to another semester and will be a big waste of time.

I will be a doctor no matter where I go or what I have to do, and I don't doubt that, but I wish it was in AUA coz my friend goes there and that would have been nice thing. I did talk to my counselor and all she told me was to defer. I know that might be the right thing to do at this time but they should have told me about the whole issue before I put my seat deposit in. Now, they are telling me I cannot get my seat deposit back.

Right now, I am applying to MUA and other schools and see what my chances are. I am still waiting for AUA to respond positive. I am seriously waiting. My thread of patience is wasting and I am growing ever impatient and sad.

In the end, I respect your patience and devotion.

In the current financial situtations as lenders ahve $100Billion combined in subprime they have all tightened their lending standards. They have tightened standards for all student loans US and foreign. There are tons of articles on this and news reports.

If you have bad credit and don't have a cosigner with good credit and the propoer income todebt ratio in the current economic market you are SOL. You will either not get a loan or pay really high interest rates due to the increased risk. Student loan default rates are way up in the US. If your are not applying to the few caribbean schools that have federal loans and get accepted you are not going to be in much of a different situation, either no loan or high interest rates. You can't blame the school for your loan situation.

You do realize that many US private med schools run your credit report to see if you will qualify for loans as they know the loans needed will surpass federal limits and private loans will be needed. Some US private schools have realized that there is no point in admitting someone who can't get the funds in the end to pay for the school. Maybe caribbean schools should start doing the same.

Thanks for the information. I know that the economic situation of US is not good at present time. As time progresses the situation does not seem to be getting better.

As an old guy and time running out of my hands, I don't have time for something like, "let the county's economy get better." I don't completely blame AUA for this present situation. One of my issues is that, AUA should have at least given me hint that financial aid was not working well before they took my seat deposit. My money does not grow in trees and neither any one's.

My credit ones was 744 and then coz of the lay offs and other financial crunches it got reduced down to 670. I do have a credit history and it's not that I owe a lot to some financial institutions and companies. So, my credit is not that bad.

All I wanted was to be informed of the real thing. I don't think that it's all that bad to ask. Now I am left in the middle of "whether to do this or that." There are no real grudges, I am moving on but with a lot of anger and frustration. I know another thing though, that there are students that feel the same way. The only difference, I come out with a ball to talk about it.

Well, don't count us out yet. The director of the financial aid said that there are 3 secured lenders and they're going to come down to the island to I guess get us all set up with one of them. Call the financial aid office and ask to speak with M G ( his full name is on the school website). He gives you direct answers. The other act as if they can't be bothered, as with anyone who's in a customer service position.

Thanks Shaylore. But that would be for the fall semester right coz they don't have lenders for the summer semester. Please correct me if I am wrong. I want to be optimistic at this point.


Thnx

what are you talking about they don't have loans for the summer semester? they do, that's what the email is about. it's mymedinvest and they require a cosigner.

__________________
I'm paid to make girls panic while I sing

I believe that for Sam (as is for me) the cosigner aspect is the issue...

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AUACOM, Med-2

I did not say they don't have loans for summer semester, what I said was that the cosigner is the problem. I am coming to AUA or was supposed to attend AUA for summer semester.

As Vokamis said, cosigner is the problem and to certain extent college as well. Also, I know all about the companies that are OFFERING loans to students, supposedly!

samfromVA,
Please go away. Im begining to think your a troll. If the school doesnt work for you dont attend......

Ok Hardknocks so u think talkin about financial aid and expressing my concern is TROLLING to u. I mean, I don't know how u are financing your education there (or may be!), but for me I am not rich or don't have rich daddy or mommy. All I can do is tell people, listen to them and may be try to find solutions among them.

And you have issues with that!!!

This is the first time I saw you respond to my posts and if u cannot be constructive with me, do me a favor, don't open my posts from now on. If you think that I am trolling then u should ask others what they think about the loan situation right now. They will tell u they are not happy and they are ready to talk.

Plus, there is no reason for me to listen to ur suggestion of "if u don't like then don't attend." I am payin for my education, why should I listen to what u think. Anyways, let me come to the common ground with u here:

If few more people tell me that I am trolling, then I am not going to discus about this loan situation at all.


Another thing, money for me does not grow in trees and even if I say I like or don't like (I LIKE IT THAT'S WHY I AM GOING THERE) this school, I already made deposits. Now, I am not getting it back, and until I get it back I don't have a choice but to wait and blather.

So,

I will wait... AND BLATHER.