Thomas Jefferson FACT Program - page 17

Hi. I have been accepted into the TJU FACT program that begins in May but the orientation isn't until a week before classes begin and I would like to get a better idea of the scheduling. I know... Read More

  1. by   Pianitra
    Woah, that is more "aid" than I expected. I haven't filled out the MPN yet. I was told they can determine the award without it but cannot disburse it until the MPN is complete. I am still overwhelmed and don't know which company to go with. Do you mind if I ask which one you chose?
    Thanks, E
  2. by   AtomicWoman
    Quote from Pianitra
    Woah, that is more "aid" than I expected. I haven't filled out the MPN yet. I was told they can determine the award without it but cannot disburse it until the MPN is complete. I am still overwhelmed and don't know which company to go with. Do you mind if I ask which one you chose?
    Thanks, E
    Pianitra, I can't tell if you are being sarcastic? Did your "aid" consist of "here are the federal loans you qualify for", like mine?

    I planning to apply through T.H.E. and Discover:

    http://www.theloanprogram.org/default.aspx
  3. by   sunshine304
    Quote from AtomicWoman
    Pianitra, I can't tell if you are being sarcastic? Did your "aid" consist of "here are the federal loans you qualify for", like mine?

    I planning to apply through T.H.E. and Discover:

    http://www.theloanprogram.org/default.aspx
    Hi,AtomicWoman

    I also plan to apply private loan. What's the advantage of THE and Discover loan compared to other loans from local bank? How about interestes? Do we pay interests immediately after graduation?

    Thanks.
  4. by   sunshine0509
    Discover i know has a lot of good rewards- like 1% decrease in interest rate if you graduate. I think most student loans have a grace period of 6 months when you don't have to pay. But you technically for most loans you are "paying" interest from the very beginning because it starts accruing day 1.
  5. by   Pianitra
    I was being sarcastic about the federal loans. I guess it doesn't quite come through on the post. Anyway, thanks for the info. So, you aren't going with Jefferson lenders, how did you decide?
  6. by   AtomicWoman
    Quote from Pianitra
    I was being sarcastic about the federal loans. I guess it doesn't quite come through on the post. Anyway, thanks for the info. So, you aren't going with Jefferson lenders, how did you decide?
    I had hooked up with T.H.E. last year, when I was supposed to start the other BSN program at Jeff. Even though I didn't start the program, I liked T.H.E.'s customer service. They actually answer the phone and answer your questions.

    For others who asked, T.H.E. is the Stafford/federal part of the loan (i.e., $12,500), and they are in turn hooked up with Discover for the private part of the loan. I like Discover's 2% graduation reward. Frankly, I wish the entire loan could be a Stafford loan, but it's not to be, so I have to do both kinds of loans.

    Any other questions, fire away.

    Oh, and I did get my credit report and FICO score, just to make sure nothing was inaccurate on my credit report, because the private lenders will look at it to make their decision. If any of you have not done that (or if you need your parents to do that), you can go to:

    http://annualcreditreport.com

    You can get your 3 credit reports for free once per year. You'll have to pay for the FICO report (Something like $7.00).
  7. by   acmiller83
    So I also got my financial aid "reward"... which leaves me with a decent portion of the tuition left to pay plus all of my living expenses for the year.
    I had planned on taking out a private loan through Chase, but wanted to borrow more than what the school decided my budget for the year should be... my personal living expenses with bills is going to be more than what they said, especially since I still need to pay a portion of the tuition out of whatever private funds I take out.

    Apparently, the school will only approve a loan up to the budgeted amount (Chase, PNC and most of the other educational loans require you to get approval from the school). I think this is pretty ridiculous... apparently the budget is created for "the average student" living "the
    college life" if you will. Therefore, we can only certify loan amounts up to your budgeted amount." He recommended 2 places to try that do not require school approval, but the one I do not think even exists any more given the current economic climate.

    Has anyone else had a similar situation or if you need to take private loans have you figured out a way around this?

    Thanks!

    ~A~
  8. by   AtomicWoman
    I agree that the budget is not realistic. I think the independent student allowance was something like $17,000. Are ya kidding me? Who can live in or near Philly, pay rent or a mortgage, eat and do everything else on 17 grand? Also, the transportation budget was way out of line. $600 to commute 4 or 5 days a week for an entire year??

    I don't know whether the numbers they use are set by a governmental agency or come from some other source, but I feel for you. I don't have any reallly good suggestions and I'm hoping others may have other sources for you. One thing I hope you DON'T have to do is put expenses on your credit cards, because that can really become burdensome to pay back. And heaven forbid you are late on a payment and they raise the interest rate to 29%!
  9. by   AtomicWoman
    Does anyone have a clue when our tuition is due? I had heard that student loans can't be disbursed until July 1. Does anyone know if that is true. I emailed the Tuition Office and got back the following (unsigned) reply: "
    If your financial aid does not cover the balance of you tuition for the
    semester, then the balance is due the first day of classes. Thank you"

    Does "financial aid" include loans? Gad, I am confused.
  10. by   Jtb230
    I am slightly confused about this as well, but I do remember hearing the same thing about payment not due til July. I will follow up with Brian in the FA office to try to get a more concrete answer, he is pretty good at answering questions via email.
  11. by   AtomicWoman
    Hey, everyone, check your Jefferson email. It seems we have a new requirement to do before school starts: getting fingerprinted. Gee, why didn't they wait a little longer to let us know?? :angryfire

    What's really annoying is that I *could* go down to my local police station to be fingerprinted any old day of the week. But no, we have to do it through this stupid agency's sites in Pennsylvania. (I checked their website and they don't have any sites in my home state of NJ.)

    I am finishing up my semester right now and don't have time to run into Philly to get this done. It's gonna wait until I can get there some time at the end of next week. And I'm not terribly happy about the choice of sites. Like, I'm supposed to walk into a UPS store and be *fingerprinted*??

    Really.
  12. by   Jtb230
    Sorry I forgot to post this email reply I received from Brian in the FA office regarding when tuition is due:

    "The tuition is due before the first day of classes. The tuition amount due is half of your tuition which is roughly $16,733. This either has to be paid at that time, or you must show that you have enough pending financial aid to cover it instead."

    Hope this helps clear it up a little, and yes I am getting a little p****d off as well at the last minute changes and pre-matric reqs. Plus I do not need weekly phone calls while I am at work/class to remind me that I am missing my HIPPA certification. I will get it done, so just chill out!
  13. by   AtomicWoman
    And that HIPAA thing is so lame, anyway. You'll be able to complete it in your sleep. One of them -- I can't remember if it's the safety or the HIPAA training -- is narrated by a guy with voice so boring and slow that I turned the sound off on my computer and just read the slides. I would have been there all night trying to get through it at his slow pace!

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