Thread: Loans

I recently noticed these paragraphs in the Tuition & Fees subsection of the St. Chris website:

Students entering their first semester of attendance at St. Christopher Iba Mar Diop College of Medicine will be given consideration to apply for 60% of the Maximum Annual Loan amount and after the start of the student's second semester of study, be considered to apply for the remaining 40% of the balance.

Students will be assessed a late fee of $200.00 for tuition not paid on or before the first Friday of scheduled classes. This will not apply if the Financial Aid department has already certified the student's loan application and therefore the loan is pending.

Does this mean the school has managed to secure educational loans for its students/educational loans will be available in the not-too-distant-future? We actually have a financial aid department again?

As far as I am aware this isn't anything new, but i will ask.

The road block i hit with trying to set up loans with most places is that the financial institutions or lenders that I've approached only give round about answers to weither or not the school "would be approved"

Most places have said that "we can't give a definite approval or decline until a student goes through the entire application"

Feel free to PM me these banks, I'll give it a shot. I don't have anything to lose at this point.

That part of the website was incorrect and should be corrected soon. I have confirmed with the higher ups that there are no new loan programs at this moment.

That's rather disappointing.