Sponsored Links
Results 1 to 9 of 9
  1. #1
    cherry448 is offline Newbie 510 points
    Join Date
    Dec 2009
    Posts
    1
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    KMCIC Finanical Aid

    Advertisements



    Anyone know of any other private lenders who will help us out? There seem to have been a change in GPA requirement and many of the students were NOT warned about it from the Finc department or from the lenders. It was too late since the semester had ended and new gpa was given. Many students are struggling to find lenders, and we only seem to have one.
    Someone please give your input in this situation!thanks!

  2. #2
    ngandhi1 is offline Junior Member 510 points
    Join Date
    Mar 2010
    Location
    Chicago, IL
    Posts
    30
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Student Loan Options

    Sallie Mae has a Smart Option Loan currently available to US citizens.

    With the Smart Option Student Loan, you may be eligible to borrow up to the full cost of your education, less other aid received. Designed to help you graduate with less student loan debt and help you pay it off faster, the Smart Option Student Loan requires making interest-only payments while in school and during the six-month separation period to avoid capitalized interest. A creditworthy cosigner may also help you qualify and/or receive a lower interest rate.

    Below is the eligibility criteria:

    • You must attend an eligible school, be an undergraduate student or attending an eligible associate, graduate or technical/trade program at least half time. In some circumstances, the Smart Option Student Loan is available to less-than-half-time students and students enrolled in a continuing education program.2
    • U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible.
    • International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
    • You must meet current credit and other eligibility criteria.


  3. #3
    Tipton's Avatar
    Tipton is offline Ultimate Member 6138 points
    Join Date
    Sep 2006
    Posts
    5,197
    Downloads
    0
    Uploads
    0
    Images
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Students need to contact the Financial Aidd office in NY for more specific info.

  4. #4
    Success001 is offline Junior Member 510 points
    Join Date
    Jan 2009
    Posts
    48
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Financial Aid

    Thanks for the info. I have already tried this option but it doesn't work since AUA/KMCIC isn't listed as one of eligible international school. Would you be able to elaborate on how to apply for the Smart Option Loan?

    Thanks for your help in advance.


    Quote Originally Posted by ngandhi1 View Post
    Sallie Mae has a Smart Option Loan currently available to US citizens.

    With the Smart Option Student Loan, you may be eligible to borrow up to the full cost of your education, less other aid received. Designed to help you graduate with less student loan debt and help you pay it off faster, the Smart Option Student Loan requires making interest-only payments while in school and during the six-month separation period to avoid capitalized interest. A creditworthy cosigner may also help you qualify and/or receive a lower interest rate.

    Below is the eligibility criteria:

    • You must attend an eligible school, be an undergraduate student or attending an eligible associate, graduate or technical/trade program at least half time. In some circumstances, the Smart Option Student Loan is available to less-than-half-time students and students enrolled in a continuing education program.2
    • U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible.
    • International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation.
    • You must meet current credit and other eligibility criteria.

  5. #5
    ngandhi1 is offline Junior Member 510 points
    Join Date
    Mar 2010
    Location
    Chicago, IL
    Posts
    30
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts
    go to Sallie Mae website and search for the smart option loan. Click on apply now. towards the bottom of the screen you will see an email address where you can email sallie mae about loans for international schools. I dont have 20 posts so it wont allow me to attach the email address.

  6. #6
    Success001 is offline Junior Member 510 points
    Join Date
    Jan 2009
    Posts
    48
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Financial Aid

    Nice try ... but I have already contacted them and again since AUA isn't title IV approved, it's not eligible for any "STUDENT LOANS" from private or public financial institutions.

    Quote Originally Posted by ngandhi1 View Post
    go to Sallie Mae website and search for the smart option loan. Click on apply now. towards the bottom of the screen you will see an email address where you can email sallie mae about loans for international schools. I dont have 20 posts so it wont allow me to attach the email address.

  7. #7
    ngandhi1 is offline Junior Member 510 points
    Join Date
    Mar 2010
    Location
    Chicago, IL
    Posts
    30
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Lake in the Mills Bank offers students tuition and housing expenses.

  8. #8
    vdsmu is offline Junior Member 510 points
    Join Date
    Mar 2010
    Posts
    24
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Can anyone tell me more about the Sallie Mae loan. Has any1 apply and got approve recently?

  9. #9
    ngandhi1 is offline Junior Member 510 points
    Join Date
    Mar 2010
    Location
    Chicago, IL
    Posts
    30
    Downloads
    0
    Uploads
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts
    I tried to apply for the Sallie Mae Smart Option loan, but I was denied because AUA/KMC is not one of their approved schools. Basically the one bank that gives out loans in Lake in the Mills Bank, although their origination and interest fees are very high. I called Wachovia, Wells Fargo, and Citibank and none of them give out loans to AUA students.

Similar Threads

  1. Getting into KMCIC/AUA
    By MDInformation40 in forum Kasturba Medical College International Center - Manipal
    Replies: 14
    Last Post: 04-03-2011, 01:41 AM
  2. Finanical aid
    By drmatty in forum American University of Antigua (AUA)
    Replies: 15
    Last Post: 07-26-2010, 12:17 AM
  3. 5th sem finanical aid
    By FoxTrot in forum Ross University School of Medicine
    Replies: 3
    Last Post: 04-29-2005, 03:03 PM
  4. please help with the finanical aid satus
    By MDsure in forum Ross University School of Medicine
    Replies: 4
    Last Post: 03-05-2004, 07:35 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •