Bob2k
03-05-2005, 01:52 AM
i am on the medachiever and i have a quick question.
i made the mistake of requesting not the full amt, but about two-thirds of it. this was to force myself to be frugal, and also because i anticipated renewing after a year, and also because they said at the time i could always request more later, even in that same academic year.
so i was wondering, since they said they will honor all current loans, just no new ones, if i requested a supplemental amt now for my original loan, would that be considered a new app or part of the old one and therefore considered? i will have no prob getting through three terms with my present loan, but if i had just taken out the full amt for three terms last fall, i could have actually gotten through all five terms with it, because of key's ridiculously (or beautifully depending on your view) inflated and excessive loan limit (offering loans of that amount to people with zero credit history was obviously not designed by anyone with any sense of fiscal responsibility)
secondly, i have some friends who received their stafford loan fairly late in the term this term (they're in masters). how much of a late fee does the school charge for paying the tuition a month late?
lastly, what is the real chance of teri becoming more flexible on requirements like key? the school says it's working on it, but how much of that is just to assuage students concerns and how much real? i know nothing will happen with the title IX (stafford for non-masters) stuff, because congress would have to act, and what are the odds of that....zip.
is there any chance whatsoever smu itself would loan to students, dumb as that may sound, but say you have a 3.0 and a good credit score, it would seem like the school is so flush with money from the last two classes, one huge and the other simply big, that it might be in a position to do so, again based on certain criteria? because if you do the math, you see they took in two million dollars in tuition and fees just from the fall 04 class alone with virtually no commensurate increase in faculty, staff or student services so financial resources for this type of thing ought to be no problem for the school.
i made the mistake of requesting not the full amt, but about two-thirds of it. this was to force myself to be frugal, and also because i anticipated renewing after a year, and also because they said at the time i could always request more later, even in that same academic year.
so i was wondering, since they said they will honor all current loans, just no new ones, if i requested a supplemental amt now for my original loan, would that be considered a new app or part of the old one and therefore considered? i will have no prob getting through three terms with my present loan, but if i had just taken out the full amt for three terms last fall, i could have actually gotten through all five terms with it, because of key's ridiculously (or beautifully depending on your view) inflated and excessive loan limit (offering loans of that amount to people with zero credit history was obviously not designed by anyone with any sense of fiscal responsibility)
secondly, i have some friends who received their stafford loan fairly late in the term this term (they're in masters). how much of a late fee does the school charge for paying the tuition a month late?
lastly, what is the real chance of teri becoming more flexible on requirements like key? the school says it's working on it, but how much of that is just to assuage students concerns and how much real? i know nothing will happen with the title IX (stafford for non-masters) stuff, because congress would have to act, and what are the odds of that....zip.
is there any chance whatsoever smu itself would loan to students, dumb as that may sound, but say you have a 3.0 and a good credit score, it would seem like the school is so flush with money from the last two classes, one huge and the other simply big, that it might be in a position to do so, again based on certain criteria? because if you do the math, you see they took in two million dollars in tuition and fees just from the fall 04 class alone with virtually no commensurate increase in faculty, staff or student services so financial resources for this type of thing ought to be no problem for the school.