Paras Education Loan Foundation Legit or ...

[soldier99]

Hi, I was hoping that a few members here could clarify the situation with this strange loan program (located in India) that claims to cater financial aid to many schools globally. I had visited their website and noted that under the "Caribbean Section - " the following schools were on the list :

AUC
MUA
SGU
ROSS MED
ROSS VET
SABA
SPARTAN
SGU
SAINT MATTHEWS
SINT EUSTATIUS

A friend of mine had called up both Saint Matthews and Sint Eustatius to get some detail as to what this loan was about.

Sint Eustatius had said, they had never heard [until my friend mentioned it] of this loan. The only loan available to us is TERI. If any student tries to request a loan through the Paras group would be denied for Sint Eustatius will not authorize approval.

Saint Matthews initially sent out letters [also noted in the SMU forum] regarding the new Paras Program. Upon calling the school, they said the only loan they have is TERI. They were working on the details with PARAS, and they are aware of it's existence, BUT the financial officer said : they wouldn't advise at the moment to apply to this program. - they left it at that without further details.

This is very very strange. Anyone have any more information regarding this organization? I'm sure the other schools are not in affiliation with Paras either. Seems that a tremendous (probably every single one in each state!!) amount of U.S. schools are listed too!


There are a few posts about Paras scattered around the ValueMD forum, but unfortunately not much has been discussed. I hope that this could be kept in the Main School forum for a few days as the financial aid forum doesn't get many visitors. Thanks for everything!


http://www.isloan.org/

http://www.isloan.org/reg2.asp

http://www.isloan.org/faqs.htm

http://www.isloan.org/media.htm

[rajshah]

Yes, Ive heard about them and have actually couple of my friends for med school around the world. I know that getting the funds is easy after going through their process ....but he had to be patient till the process was completely done. I asked my friend and he's visited them in India and said it was a professionally run organization that has helped many students worldwide. I have got positive reviews so far from my contacts.......

[sheikh1]

I was pre-appro...for loan by Xpress student loan, based in Minassota, anybody familiar with them. I called my school, which is mua and they said that is fine.

[OLDPRO]

They want $2500 up front, draft , and claim it takes up to 8 weeks for approval.
Located in India.

[Knight007]

They better aprrove your loan if they require $2500 up front !!!!!!!!

[BTH]

Wow, according to some students, the Paras Loan Foundation is a legitimate foundation located in India. I would be very cautious about this loan until the school actually approves. I would not want to be shelling out $2,500 only to have a loan disapproved. So make sure you find out more about the loan before sending them any money!

The healthXpress student loans is legitimate. If one attends MUA Nevis or SABA, one can easily obtain this loan. Good luck and Ciao.

[md2b24]

Do some home work before you pay anyone up front!