New Loan Company Pending: Thats What I Heard; What Have You Heard

DRIVEN · #1 (**permalink**) 05-01-2008, 06:55 AM

Good Day Everyone,

So the Financial Aid Office told me that if I wanted to come this May I would have to pay out of pocket, however they said they are in the process of negotiating contracts with some new lenders but that may not be available until the August semester.

Have you heard the same? Do you think anything new will come about in the next week?

Here are a few sites to help you with your search for some green?

myrichuncle . com finaid . org

ams · #2 (**permalink**) 05-01-2008, 02:30 PM

i dont believe them....they are preventing mass panic.

the whole entire approval process takes a long time....put it this way when Aruba (big brother) shafted Bonaire (little brother)....it took Bonaire some time to come up with a new lender, and theres more in the works.

It will take them (aruba) about 8 months to get a so so lender with poor terms, and maybe up to year if not more to find a good lender with good terms.

Hmmm....maybe Aruba, should go ask Bonaire for some help...and use thier loan. After all they are related, and family can always eventually forgive greedy siblings for shafting them.

Xavier Admissions · #3 (**permalink**) 05-05-2008, 11:16 AM

Quote:

Originally Posted by ams

i dont believe them....they are preventing mass panic.

the whole entire approval process takes a long time....put it this way when Aruba (big brother) shafted Bonaire (little brother)....it took Bonaire some time to come up with a new lender, and theres more in the works.

It will take them (aruba) about 8 months to get a so so lender with poor terms, and maybe up to year if not more to find a good lender with good terms.

Hmmm....maybe Aruba, should go ask Bonaire for some help...and use thier loan. After all they are related, and family can always eventually forgive greedy siblings for shafting them.

FYI- XUSOM Bonaire created their own issue with the TERI loans. It was a lack of contractual fulfillment, not a "shafting."

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