Quote:
Originally Posted by Azrealist
at his moment only private loans are available through banks.
Due to the fact that alot of students had money from TERI loans swindled away (which is very near to being returned through the efforts of a few students and the NJ lawsuit) and the recent difficulties the school experienced TERI has told the school that they will require a 1 year period of "smooth operation" before considering the re-instatement of the loan. Efforts have been on going and are still underway to try to get the loans back before the 1 year, but there is no guarantee that it will work but we're shooting (hoping) for the january semester. But the wheels of "politics" turn slow.
There are also rumors of a few large private companies that are being/ have been approached to set up a private loan program for our students only. But at this moment this is only a rumor and i can't confirm this because of the holidays and everyone is on vacation.
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I was one of the students who complained to TERI about my tuition not being returned. I have spoken with Ms. G (Senior VP) at First Marblehead (The bank that funds TERI) and D P at IEFC and was told that SCIMD and FS will never get loan status. They told me about their meeting with FS and JF and the claims they made but they were supplied documentation from Wachovia supporting the claim that FS was the share holder who did not return the funds. That is why PL other school (Xavier) didn't loose their TERI status. In addition PL has named Ms. G and DP as witnesses in his case against FS and SCIMD.
The saga continues.............