Thats cool! Congrats to you. Doom and gloom or not, lol.
I was just trying to give a little boost cause I know I am gonna feel the "sting" too. But you have to have faith, determination, and committment to get through life. There will be plenty of bumps, pot-holes, road blocks, dead ends and detours for us all on our journies.
Be positive and work smart, not hard!

thanx, but as you will soon find out work smart as well as hard and you may get trough. (the steps) Fear them, for they are hard.

You betcha! They are a different beast altogether. There again, if at first you don't succeed, get back on it and do it. I know I am not a great test taker and its gonna work me over. I believe that if I take the time with the right prep Ill get past it. I have met a lot of docs that had to re-take them for different reasons. And they tell ya straight up- it sucks!!!!
But we have to be held responsible and accountable for being the best we can be as docs. None of us at any of these schools plans on having a bad "trip" on those boards, but if it does happen, re-take the class and bust your....it ryhmes...lol

well then congrats

i wish i was close to finishing

It was years ago, but I have a not-so-fond memory of asking "want fries with that". Say that in the mirror three times with the lights off and you'll find your motivation....LOL

Alright, alright I leave for a while and yall get yur panties in a bundle!!! sheesh

Chapter 11 bankruptcy is not the end of things. Teri loans can and will continue operating. Chapter 11 is when a company wants to stay afloat...Frikin Donald Trump filed for Chapter 11!!! like 2 years ago.

Teri loans is the largest provider of "bridge" loans in the world. I highly doubt they are going to sink.

Something will work out, trust me.

or don't trust me, and keep worrying which does absolutely no good!!!!

__________________
The country boy can survive

Student-loan firm Teri seeks court protection

Email|Print|Single Page| Text size – + By
Bloomberg News / April 8, 2008
WILMINGTON, Del. - The Education Resources Institute Inc., the Boston lender that says it's the largest nonprofit, private guarantor of student loans, has filed for protection from creditors.
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• First Marblehead loses its No. 2 customer
• First Marblehead's stock slips after student-loan news
• First Marblehead plunges on partner's bankruptcy filing
• First Marblehead shares plunge after guarantor's bankruptcy
• First Marblehead shares drop after guarantor files for bankruptcy
• 

Known as Teri, the company filed yesterday for bankruptcy protection in Boston while it reorganizes, listing debt of as much as $1 billion and assets of more than $1 billion in its Chapter 11 petition.
The company helps students fill the funding gap when government-backed loans aren't enough to cover the costs of college.
"Because of the recent turmoil in the financial markets, demand for bonds backed by student loans has evaporated," the company's chief executive, Willis J. Hulings III, said in court papers.
The lack of investor demand has made it harder for student lenders to raise money to finance their operations. CIT Group Inc. and NorthStar Education Finance Inc. last week said they will stop making new loans to US students because lending costs have soared. Only two student loan companies sold debt in the asset-backed securities market last month, and no new private-loan bonds of the type that Teri specializes in have been bought this year.
In response to financial troubles in the late 1990s, Teri agreed to let First Marblehead Corp., the Boston-based provider of student loans, act as its exclusive agent in processing private education loans for various banks.
The nonprofit guarantees about 20 percent of private student loans, including $4 billion in new loans last year, Hulings said. The nonprofit's grant and research efforts will continue unaffected, he said.
Teri and First Marblehead focus on private student loans, which are debts taken on to fill the difference between what government-backed loans cover and costs of college. Teri had total guarantees outstanding of $16.2 billion at the end of 2007, according to Moody's Investors Service.
A Moody's downgrade last month of Teri to a noninvestment-grade rating tripped a contract clause that allowed a lender, not First Marblehead, to ask Teri to put aside more cash to cover guarantees, Hulings said. Teri guarantees loans held by lenders that are not packaged into bonds.
First Marblehead also has used Teri for guarantees on some of the debt it packages into securities. Because of the turmoil in the credit markets, First Marblehead hasn't been able to arrange securitizations, adding to Teri's financial problems, according to court papers.
First Marblehead acquired Teri's database and loan-processing operations in 2001.
Defaults among student borrowers have increased as the economy has soured, driving up Teri's costs. The company must buy back loans that go bad.
And investors have been demanding higher yields, even on bonds backed by government-guaranteed student loans.
© Copyright 2008 Globe Newspaper Company.


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__________________
The country boy can survive

I called and spoke to the international branch of Teri and one of their reps. assured me that they are NOT lending money to Statia students at this time. I asked if they knew when/if the loans would resume and they had no answer for me.

I also spoke to the financial aid department at Statia and they reaffirmed that notion, even going further to state that Teri will most likely be doing away with international loans all together.

They are working on courting new lenders and hopefully should have them established within the next couple of months, hopefully in time for the September semester. I sure hope so, because I am slated to start then.

Countryboy, do you know of any details on what Statia may be planning to do about financial aid for the incoming students for Sept. 08?

Any new news? Are students just going to take time off? Aside from personal loans and rich relatives what are people doing to get funding? I just wanted to bump this thread up to see if anyone heard anything new from the school.