Teri

[ryansh84]

Hey guys, any news about the TERI loan issue?

[tjackman]

I noticed on the Teri website that Spartan is not listed on their approved schools list. I e-mailed and asked if they loaned to Spartan students and why it was not listed on their website. I have not received a response. Their is a direct link on the 2008 Spartan catalog for Teri loans. If they are unable to receive loans, then they should let students know. This would make a big difference in my decision to attend Spartan. Let me know if you get any news

[Sebastian85]

Teri Loan is presently not approving Spartan. I called Spartan and was told that to many students at Spartan do not pay back the loan due to default.
Private loans through a local bank are recommended.

[tjackman]

so is the school doing anything at this point to try and get reapproved? are they doing anything to get funding for students some other way?:confused:

[Chi]

Hello,
Spartan lost the teri loan, last year. I was there interviewing for the school and found they are no longer qualify for the teri loan.
Most of the students there are from Nigeria and can not find a sponsor to do their rotation. Spartan is not a credited school on the AAMC or any listing.
I asked all these questions to the staff that was interviewing me. And they acted like I was asking how they live behind close doors.
Amazing the invasive answers you get, the one that was given to me was if you do not like what our program is don't come.
Go someplace else, that is reverse psychology to make you feel intimidated.
But, it is your life and career so go to where you KNOW you will be taught to be a DOCTOR. You are paying the teachers salary so choose WISELY.
ALL THE BEST,




I noticed on the Teri website that Spartan is not listed on their approved schools list. I e-mailed and asked if they loaned to Spartan students and why it was not listed on their website. I have not received a response. Their is a direct link on the 2008 Spartan catalog for Teri loans. If they are unable to receive loans, then they should let students know. This would make a big difference in my decision to attend Spartan. Let me know if you get any news

[RN2DR]

chi, you are incorrect. and you shouldn't post things that you assume. the school is accredited by the same institutions as the other carib med schools. NO carib med school is accredited by the ACGME which is an accreditation for american med schools.
please do not post things on this site that you do not understand.

[tjackman]

The main reason I chose to look into Spartan is b/c I work at a hospital in the US that actually had residents in Anesthesia that graduated from this school. My objective is to try and come back to do my clinical rotations here. I'm not sure if they allow forgien medical students to do clinical rotations here, but at least I'll be able to do a residency here if I choose to do so later. I find that these forums are full of people that really don't like forgien medical schools. Not just Spartan......all of them.

[spartanlastsemester]

Hi,

I am one of many spartan student in limbo due to cancellation of the Teri loans. I am just shy of 9th semester.
I just heard from a very reliable source who stated that spartan will not be getting Teri back (for us US students), keep in mind that Canadian students are not affected, they are still eligible for Teri. Due to loss of teri for US students total class size this semester is 16. Also this source stated that spartan is going to be visited in July/August of this year by NY committee to get NY approval. If that happens, then that would mean we could essentialy do most if not all of our rotations at approved NY hospitals.

[gettingthere]

For those US students that will be attending Spartan; do you know of any bank or lender that is allowing US students to borrow? Please respond ASAP, this is the deciding factor on whether I will attend Spartan.

[gsingh]

if i was you i would carefully consider going to spartan. losing teri loans is really bad no matter what. it looks bad for the school and all i hear is bad things. i know 2 good sources that are there and one of them came back and they did like it and the other one does as well but the school makes you put out the money on your own. i think thats crazy. this is medical school.... So be careful in your decsion.

[dt]

How does a school lose the TERI loan? Anybody knows?

[ASIANDOC]

I do not know but common sense tells me if grads not able to pay back banks in staststically significant numbers then no loans,I always wondered about giving private loans to carribean schools when ability to pass and practice not guaranteed!!!!!especially the newer no tract records ones.

personal opnion and thoughts.

[wcb22]

the newer start up schools are having a tuff time getting TERI.

[gettingthere]

I understand how newer schools could have a problem because they have no established track recod but Spartan has been operating for over 20 years. There is no excuse for not having multiple lenders just in case something like this happens. I called different private lenders to ask if Spartan was an eligible school, but all said no. Now the administration is rushing to get a lender by the fall semester. I wanted to save some money by attending Spartan, but there is no way that I can pay for everything by myself.

[MORM4LIFE]

wow, sounds like a pickle, these people are like cattle, they annoy me

[mal]

it's been a real hell looking for a bank that works with spartan, so plz if n e one finds out something plz plz post

[tjackman]

Chase has students loans for Spartan students. You can get up to $35,000 depending on your credit. TERI loans were approved based on credit as well. The check is made directly to you, so you don't have to worry about the school holding your check as stated in other posts. The phone # 1-866-498-4687 and the web is www.collegeloansite.com (http://www.collegeloansite.com) . Medical school is hard work and it is what you make of it. If you don't study and expect the teachers to teach you everything to pass Step 1, then you WILL be disappointed. This is what REAL STUDENTS have told me about going to Spartan.
Going to Spartan positives are:
1)You will be in less dept than any other medical school grad
2)You get to study in paradise
3)Cost of living is cheaper for the 16months that you spend in St. Lucia
4)Locals are more than willing to help you
5)You get to choose where you want to do your clinical rotations and most places are free(if you pass Step 1)
6)You finish med school one calender year earlier than any other med school, which also makes the cost much cheaper
7)This school is legit, I know people that have gotten in good resident programs in the states
Now the negatives:
1)You have to study your *** off to pass Step 1 to insure good clinical placement(Passing Step 1)
2)Travel to the Island is expensive
3)Not much meat on the Island:) just fish and chicken
4)The administration has had some problems (not sure what...but what school doesn't)
5)Good luck on getting anyone from the school to answer any question you may have via e-mail or phone
6)EVERYTHING on the island is more expensive (shampoo, soap, toothpaste,paper, phone calls ect...)so bring it with you
7)You're away from your family.. but this could be a positive since you have to study so much

[mal]

i dont know when u applied, cuz now we're nt getting n e loans from chase bank or TERI....i called chase bank they said we will try to get spartan approved but they will have to respond to us within a week....is there any other bank or way to get loan for spartan? cuz im stuck

[ASIANDOC]

Why you guys not considering options other than Spartan if they lost all loans programs?If you are facing road blocks before you even start I think you should consider other options,I know other schools might be harder to get in but you can do it!try AUC,yes its expansive but they have Stafford federal loans and many first employer help pay loans back,consider Mexico,Eastern Europe,etc,sometimes if things are not working out ,may be its just not meant to be!

just personal opnion.

[mal]

i know what u mean and it is rite, but my first preferance was spartan cuz it has a shorter time period to stay in st. lucia....and it's the cheapest that's out there...there are other schools out there that r not that expensive but they r not as old as spartan...spartan was the best bet for me...i'm still trying to work somthing out like try to take a personal loan ...but im gonna apply at other colleges too that r not that expensive..im not worried about not getting accpted...that's like the least of my worries...money is the first thing i have to look at..and the duration of time spent on basic sciences, cuz besides tht all schools r the same...no matter where u go, to america u graduated from a foreign college..u could have the best gpa, the only thing that counts is what u get in ur steps...so y pay so much when u could pay less forthe same thing

[tjackman]

i dont know when u applied, cuz now we're nt getting n e loans from chase bank or TERI....i called chase bank they said we will try to get spartan approved but they will have to respond to us within a week....is there any other bank or way to get loan for spartan? cuz im stuck

If chase needs a quik response, have them talk to the people in the New Mexico office. The school is slow:bored: to reply to anyone. If worst comes to worst, credit cards & personal loan. What are you going to do? NOT BEING RACIST BUT: A local Island guy told me that, "If you are white, the bank in St. Lucia will give you the keys." He said the paler your skin is the better, they love tourist. Try to work something out with a bank there. How much time do you have left to figure this out:confused:

[dt]

You know, I still cant figure out how Spartan could lose TERI.

Could it be that there were too many complaints of administration holding back the disbursements?

Or, could it be their infamous "customer service"?

[dt]

Hi,

I am one of many spartan student in limbo due to cancellation of the Teri loans. I am just shy of 9th semester.
I just heard from a very reliable source who stated that spartan will not be getting Teri back (for us US students), keep in mind that Canadian students are not affected, they are still eligible for Teri. Due to loss of teri for US students total class size this semester is 16. Also this source stated that spartan is going to be visited in July/August of this year by NY committee to get NY approval. If that happens, then that would mean we could essentialy do most if not all of our rotations at approved NY hospitals.


Well, July/August is not that far away. At least, it will be a short wait to see if your source is lying to you.

Is your source part of the school administration?

[tjackman]

dt
have you attend Spartan? why is everything you have to say so negative? schools loose TERI loans based on student deferment. i would assume that the richest students aren't choosing Spartan in the first place. what would you suggest this student do now? Regardless to the TERI situation, Spartan is one of the oldest foriegn medical schools still around. longevity speaks for the school itself.

[dt]

dt
have you attend Spartan? why is everything you have to say so negative? schools loose TERI loans based on student deferment. i would assume that the richest students aren't choosing Spartan in the first place. what would you suggest this student do now? Regardless to the TERI situation, Spartan is one of the oldest foriegn medical schools still around. longevity speaks for the school itself.


Spartan has been around for 25 years and I would agree with you that the richest students do not choose Spartan in the first place. I assume that should have been the case for the last, say, 15 or more years?

I am wondering if Spartan made any changes re loans that caused TERI to changed their mind? Or, maybe TERI changed their policy, given that credit issues are tougher now in the States with the economy running into tough times and the sub-prime mortage defaults on the rise.

I am curious to figure out what caused the withdrawl of loan.

[mal]

i had asked spartan what actually caused teri to change it's mind...they said that it was becuz the previous students had not payed back upto date...then i called TERI myself if there was some loop hole way i can get a loan...but they rejected n e way or form of loan...then i asked what caused them to disapprve spartan , they answered :...teri can approve or change their mind without n e cause whatsoever...it doesnt need a reason..tthen i asked them directly does have to do with students nt paying back on time or does it have something to do directily with the college?..they said there r many reasons..but what ever the reason may be spartan can do certain things to get back on the list....
now i dont know whether spartan is trying to get back on the list or not, i hope it is and does so...cuz that will just solve all my probs.

ONe thing i dont understand is that...if it has to do with students deferment, then it should effect them...their credits should be in trouble..why the school?

[mal]

Did n e one find out n e way to pay for the college??...i've tried everything i can think of...now the only thing i can do is ask my parents to help me out by taking out some loan( personal or home equity )...to get me thru this...and then i can pay them after graduation.

[tjackman]

I spoke with a loan officer for TERI named Brian today, and he said all the school has to do to get on the TERI loan school approved list is call TERI. WHAT THE #@*%!:evil: I thought there was some huge problem, then I find out this can all be solved with a simple phone call! Since I can get no response from Spartan by e-mail, I called the New Mexico office to see what they would say. They are under the impression that they are approved for TERI for all students EXCEPT first semester students. IF this is true, TERI doesn't seem to know it. ARE THERE ANY CURRENT STUDENTS OUT THERE that can shead light on this situation? I didn't want to accuse the man on the phone of lying, but how can a school not know that they are ineligable for student loans, especially with this many complaints?!?:mad: MAL , I feel so bad for you. If you are considering a personal loan, Sallie Mae offers a loan thru Bank of America (1-800-551-6472). They can give you up to $25K but the interest is around 9%-22% depending on your credit which sux in comparison to the 0.5% that TERI offers. Add you have to pay on it while you're in school. However, if they are telling the truth and you just need to get through the first semeter to get the TERI loan, then it may be your only option.

[mal]

i'm not sure about current students in st.lucia..i know a girl who is doing her clinicals in chicago and she didnt get the teri loan (she had it for her basic sciences and just couldnt get recently for clinical )...so she took a personall loan from bank of america....she was the one to give me an idea for personal loan....so i dont think that n e student can get a loan in either semester...but u never know...im just praying and praying it may be true so atleast it wont burden my parents that much.

[tjackman]

What about calling the school (New Mexico office) three-way with TERI and have them talk to them with you on the phone. That way you can't get conflicting stories.

Even if you have to pay out of pocket, the ends outweighs the means.