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  1. #1
    futuremd59 is offline Junior Member
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    Med Achiever has pulled out of most medical schools in Carib.

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    Just got word that Med Achiever has pulled out of all the schools in the Carib. but the big three. With that said, the loans are getting skimpy. You can borrow $25,000 a year with no co-signer at this point. If you need Med-Achiever or Stafford, pick the big three. However, I am going to MUA and I do think the school is as good as the big three (as well as Saba). With that said, it comes down to the loan issue. check out the Saba forum, SMU and MUA.

  2. #2
    footdoc is offline Member
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    Loans

    The schools affected by the Key Bank announcement will have to try and find additional funding for students or lower tuition. Since they are not going to lower tuition, they will work it out.
    You would think that with all the banks out there, one would work with a school to provide adequate funds.

  3. #3
    wolfvgang22 is offline Moderator 514 points
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    Re: Loans

    Quote Originally Posted by footdoc
    The schools affected by the Key Bank announcement will have to try and find additional funding for students or lower tuition. Since they are not going to lower tuition, they will work it out.
    You would think that with all the banks out there, one would work with a school to provide adequate funds.
    My thoughts exactly. Somebody is going to want to make all that interest money, right?
    Here's what Saba had to say this morning about the situation:
    http://www.valuemd.com/ftopic28046.html
    Here's what SMU is saying:
    http://www.valuemd.com/ftopic28057.html&highlight=
    Saba University School of Medicine, Class of 2009
    Diplomate, American Board of Psychiatry and Neurology

  4. #4
    petenwe is offline Member
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    Re: Med Achiever has pulled out of most medical schools in Carib.

    Quote Originally Posted by ********59
    Just got word that Med Achiever has pulled out of all the schools in the Carib. but the big three.

    That is what someone in key bank told me last friday.

  5. #5
    johndoe456732 is offline Member
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    Teri Sucks

    To put it quite simply, the Teri loan sucks. The medachiever was far better. There is a reason why programs like Antigua had to result to illegal twinning loan programs to get students.

    The Teri loan will not satsify the needs of students with tuitions in the range of $7900 a semester -- not without a cosigner. And even then.. There is a certain aggregate limit not present with Medachiever.

    Here is a link where I discuss the differences:

    http://www.valuemd.com/ftopic28057.html

    As you can see, Teri will give you the first of many IMG treatments in your medical education.

    Still, there are people who have made it on the Teri loan, especially with a cosigner or very cheap medical school.

    But it still is pathetic compared to medachiever.

    I agree with the poster above. A business can only charge what the customers are willing or can pay. Many Caribbean schools will have to either find other lenders (fat chance without the DOE number) with similar terms to Medachiever (no one was as good as medachiever) or they will have to come down in tuitions.

    If they choose not to lower the cost of tuition than they will have substantially smaller classes and bring in less revenue.
    Formerly known as "AUCDOCTOBE"

  6. #6
    wolfvgang22 is offline Moderator 514 points
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    thanks AUCDOCTOBE

    We all just got a reminder that school is business first, education second.
    Saba University School of Medicine, Class of 2009
    Diplomate, American Board of Psychiatry and Neurology

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