Teri declared bankruptcy as many of you probably know. That means each individual student is responsible for their own funding. For those students with rich uncles ....congradulations.
Now for the rest of us poor medical students. What is Xavier going to do?
Currently they are expecting us to pay the full tution out of pocket. There is no loans in place for the current batch of students. How can I afford to pay $6000+ US in tuition fees by the end of any semester? That is the only payment in plan in place. Otherwise the admin is telling everyone to wait until Teri comes out with new announcements.
Great, why cant the millionaire investors put aside some funding for the students? You want us to pay out of pocket to fill up your bank accounts but have no extra loans in place. Schools like AUA and Ross are currently allowing students to burrow for the tuition and living expenses and pay back at a later date.Why can't Xavier do something similar? Is the admin seriously joking when they expect us to pay out of pocket without any money, without any loans, without even working or not allow us to advance at the end of the semester?
That is the current state of affairs. NO loans and you have to pay out of pocket or else by the end of the semester they will pull you out and basically tell you to pay all fees before you can take the next semester's class.
I think if this attitude keeps up...time for a transfer to a school that will provide financial assistance.

According to an article I read, TERI had too many loans in default. Since many of their loans were to students at second and third tier island medical schools, that have high attrition rates and thus high default rates. These students are not very good bets.

Certain schools like this one no doubt take marginal students with little hope of success in passing medical school or the step 1 exam to continue their education.

If you are wishing for a sugar daddy, I doubt a millionaire or billionaire would waste time on a poor bet, that is how they got rich. The question is would you bet $150,000 on you? If you lost would you pay your debt back?

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PreMed Forum Moderator

In Grad school in Biology

WHO then?

there are only three schools with loans

SGU, AUC and ROSS, if you could not get accepted before how now?

Thats the question.

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As a student on Value MD not attending one of the Covenanted schools there is no pleasure in posting anymore.

The absence of private student loans is affecting St. George's as well. I have no clue what is going to happen, or not. I am starting in September, but not without the opportunity to borrow funds. YIKES!

They sure did pick a god time to increase tuition this september.. It use to be 5800, now its at 6500.

so nice of them to pick a good time to increase tuition..

Just what I didn't want to hear.

wow did you just make this up? link to article