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Baoser
04-04-2013, 02:14 AM
Hi everyone, I understand from reading SABA website that they use ED Invest loan, which I think uses credit score.

I currently already have $200,000 in debt, without any other financial or credit issue. Am I still able to obtain loan to finish my entire education at Saba?

axiomofchoice
04-04-2013, 08:57 AM
How in the world do you have 200K in debt before going to medical school. Are those US Fed education loans? Or did you pick those up at another Ed-Invest type loan shark.

You will end up with well over 400K (maybe 1/2 million) in loans. I don't know how you plan servicing that kind of debt.

To answer you question, I have no idea if Ed-invest will give you a loan. Even if they do, there's no guarantee that you will keep getting those loans in later semesters (which would be the worst case scenario).

belkeno2k3
04-06-2013, 10:33 PM
to get approved for ed-invest, ur credit score has to be at least 700. I think it's best to call the company to inquire since u have a pending debt.

green1999
04-09-2013, 08:40 PM
Is Saba a title IV?

axiomofchoice
04-09-2013, 09:20 PM
Is Saba a title IV?

No, and won't be for the foreseeable future. They told me they were on the verge of title IV loans when I started talking to them in '08. They're probably still saying the same thing. Just assume it won't happen.







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