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  1. #1
    siheg's Avatar
    siheg is offline Elite Member
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    Which school has better financial aid: AUA or MUA

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    From reading older posts:

    AUA: BOLM: 675 credit score, 2.75 min gpa, reapply every semester, pay interest during the first two semesters. Covers all expenses. Financial aid office has bad reputation of not returning calls/emails/etc.

    MUA: Ed Invest: 700 credit score, reapply every two semesters, better financial aid office...

    1. Is this correct?
    2. In your opinion which is better and why?
    3. If there are past (circa 2006) delinquent accounts (which have since been paid and closed) on your credit file will this effect approval?

    Thank you.

  2. #2
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    emrbu8 is offline Member 510 points
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    Quick answers:
    1) Yes, I believe what you said is all correct.
    2) The Bank of Lake Mills Loan AUA offers is self-funded, which is shaky with the economy. The biggest downfall, however, is that you make interest payments while in school. In summary, you're paying from a loan to a loan. That could add up substantially to a very large debt since the approval rates are anywhere from 7% - 10%. You should / can do any search on the loans as it has been discussed in great detail on this forum.
    3) I do believe delinquent accounts dating back still affect your FICA and the 675 is firm with or without a cosigner.

    Hope that helps a little, but your best bet is do the research by searching these forums and from my experience, Ed Invest gave AUA better options when it was in use here.

  3. #3
    siheg's Avatar
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    Thank you

  4. #4
    siheg's Avatar
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    Can anyone else comment on this?

  5. #5
    iwanabmd is offline Member 516 points
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    The AUA loan is also every 2 now, i thought anyway.
    STEP 1 [X] STEP 2 [X] STEP 3[X] PGY - 1 [X] PGY-2 [*]

  6. #6
    emrbu8's Avatar
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    Yup, every two confirmed….

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