Are we losing Health Xpress too?

[Rebbster18]

Which is horrible seeing as how we will ALL need co-signers with Teri since you can only take out 25,000 a year without one and that is only enough to barely cover tuition.....

I just hope the school comes though with a better choice for us!

[tpw2k]

teri loans are 25000 per 2 semesters, so 12,500 per semester. You reapply after every 2 semsters.

[mafia29]

are there any loan origination fees, etc. with these teri loans?

[Laconic]

hi twk,
Per TERI, they allow 25000 per year w/o co-signer. Meaning 12500 per sem, which I think would be sufficient. But- when we reapply, we go though the whole process over again? Meaning, would they do credit checks and all that stuff over again?? what if we are approved for the loan right now and denied for it at a later year,-- that would be worse than getting disapproved to begin with!

[Boulderunner]

Originally Posted by Laconic

hi twk,
Per TERI, they allow 25000 per year w/o co-signer. Meaning 12500 per sem, which I think would be sufficient. But- when we reapply, we go though the whole process over again? Meaning, would they do credit checks and all that stuff over again?? what if we are approved for the loan right now and denied for it at a later year,-- that would be worse than getting disapproved to begin with!

No 3 semesters =one year. and I really dont think 12500 would be any where near sufficient for a semester so you would need a cosigner. also, yes you could get approved for the first 3 semesters and then get denied later on. I got denied through teri(they are really anal) but was approved through sali mae. we just lost salli mae and now Im i finishing up 3rd semester and have no way to pay for the next semester.....

[Laconic]

Sorry to hear that dude, but what is finance office doing about this change which probably would affect not only student's lives but the schools reputation and ultimately school and staff's paychecks?

I am really eager to know what went wrong- and what is the schools standpoint on it! Am more inclined to attend AUA now since they atleast have healthxpress.. but dont know if it will be pulled off the list by the time I start anyway!

btw- what is really sufficient? $15,000?

[summerwind]

Originally Posted by Boulderunner

we just lost salli mae and now Im i finishing up 3rd semester and have no way to pay for the next semester.....

I really can't believe that students could be left half way through their schooling with no financing!!!??? The school should finance students in your situation until other arrangements can be made. After all, they shouldn't have a problem investing in their own "product".

[Greenman]

I am just wondering what is going to happen down the road, i mean if more and more lenders are withdrawing what is to say that the ones we got left right now aren't going to as well. This is getting me worried because now things seem more and more uncertain about the future of the school. Today Teri is here and a semester or two down the road it might not, and then where do people turn to???

I mean we need some sort of a guarantee that people's loans aren't going to discontinue midway through their education. And this should concern everyone including those with private bank loans. I mean if the school losses students or can't enroll new students then it won't be able to afford the salaries of faculty or any new projects for expanding the campus or clinical spots and this is bound to have an impact on the reputation of the school to say the least.

I think that the administration staff should address this issue and let the students know what options they have.

[Laconic]

Up untill now I was very excited to start my education at saba for fall 08.. but not I am more anxious and worried than excited because of loan issues. I have acceptance from aua and am still waiting on ross and other DO schools in US. Up untill now, my first preference was saba.

Is there anyone out there who would rather choose aua or a DO school over saba over loan problems? or is it just me?

[ReckonerMD]

Originally Posted by Laconic

Up untill now I was very excited to start my education at saba for fall 08.. but not I am more anxious and worried than excited because of loan issues. I have acceptance from aua and am still waiting on ross and other DO schools in US. Up untill now, my first preference was saba.

Is there anyone out there who would rather choose aua or a DO school over saba over loan problems? or is it just me?

It's easy to get worked up over this, I know. However it's new information for the school and nothing they can resolve in a day or two. I'm assured they are looking into other options for students who are denied TERI.