I assume most of the current Saba and MUA students (with loans) received this email from the Gardner office...
Important Financial Aid Notice to all Saba and MUA students…
All students who received their last financial aid disbursement for the September 2007 term, or will be receiving their last disbursement for the January 2008 term need to reapply for the 2008 academic year NOW!
There is a great deal of turmoil in worldwide loan markets, which is beginning to adversely affect both student loan rates and availability. Apply NOW to get out in front of these problems and secure your financial aid for 2008!
The best information we have from Student Loan Xpress is that if you apply before October 31, 2007 you may be able to obtain loan funds through April 2008, for the Winter and Summer 2008 semesters. Applications for disbursements after April 30, 2008 will not be funded with the current Student Loan Xpress product.
The School’s Administration and Student Loan Xpress are actively looking for alternative loan products to offer our students for subsequent semesters.
We also strongly urge you to re-apply for TERI loans.
If you wait to reapply, please do not expect to have access to as much financial aid or as favorable interest rates as you currently can receive.
Please get your re-application process started NOW.
Please contact the Financial Aid staff with any questions or concerns.
SabaUniversitySchool of Medicine MedicalUniversity of the Americas
October 19, 2007