Drexel ACE Program

[BusyBryRN2B]

Hi,

Has anyone applied for this program for fall 2009? If so have you got accepted yet or are you still waiting? Have you completed all your prereq's?

Bryana

[Isitpossible, LPN, LVN]

hi everyone..happy holidays!!! i dont think theres going to be an increase on loan availability..but it was great thought! lol

does anyone know of any NON credit based educational loans - applied with Wells Fargo, and they said i needed a co-signer...so i need other options fast... thanks!

[just_cause, BSN, RN]

I applied through wells fargo,

co-signer was not required as long as you met a threshold of earning 12k in a year...

[hiddencatRN, BSN, RN]

hi everyone..happy holidays!!! i dont think theres going to be an increase on loan availability..but it was great thought! lol

does anyone know of any NON credit based educational loans - applied with Wells Fargo, and they said i needed a co-signer...so i need other options fast... thanks!

Other than Stafford, I think they're all credit based. No way to get a cosignor? My dad cosigned on a loan for me when I was in school the first time. I guess I'd just hit every lender up to see who might be more lenient. Maybe Sallie Mae? I got loans through Chela once, and they have TERRIBLE terms, and you could also try student loan network, pnc has a health care loan and they might take your future career in to consideration....

Good luck!

[Isitpossible, LPN, LVN]

thats not accurate.....i make more than 12K per annum...salary was not the issue...

hiddencat, thanks!

[just_cause, BSN, RN]

I'm not sure on "Your" Loan.. my reply was specific to my loan.. that a co-signer was not needed for anyone making 12k or more.

Thanks.

[Isitpossible, LPN, LVN]

hello justcause... i initially asked if anyone knew of non credit based loans...(and explained about wells fargo and needing a co-signer)....your response was:

co-signer was not required as long as you met a threshold of earning 12k in a year...

again, thats false.....it appears that your belief is that if you make over 12k per year, then co-signor is not needed....again, thats inaccurate....they take other variables into account..its not based solely on earnings....not trying to be stickler, but again my question was if anyone knew of non-credit based loans....nothing more....

hidden cat thanks for the information/positive response....i checked out chela...and PNC...

[CalicoKitty, BSN, MSN, RN]

I got a PNC medical student loan. I don't know if it was credit based or not. From what they tell me (seems odd), the loan rate is 2.5-2.75(without cosigner)% + some weird term (London something or other rate). So, right now (or when I called) it was like 2.5-2.75+ about 2.5 (so 5-5.25% interest). No "disbursement fee". The rates seem odd (low), and I've only heard them talk about it over the phone, haven't seen it in print. The -.25% is with a cosigner.

[Isitpossible, LPN, LVN]

hmmm...rates seem very low...how long ago did you obtain your loan?

[CalicoKitty, BSN, MSN, RN]

I faxed my signed notice just under 2 weeks ago. It's been approved. Like I said, I haven't SEEN the rates. Just had 2 or 3 people say the same thing each time I called. Seems fishy, but I sorta trust PNC. My paperwork from Drexel's Financial Aid arrived today, and it says I have nothing to do now (unless they let me know). Yay! Less stress!

[Isitpossible, LPN, LVN]

oh thats great loner...happy for you!!! i would trust PNC as well!! i sent you a private email too....

[just_cause, BSN, RN]

I got a PNC medical student loan. I don't know if it was credit based or not. From what they tell me (seems odd), the loan rate is 2.5-2.75(without cosigner)% + some weird term (London something or other rate). So, right now (or when I called) it was like 2.5-2.75+ about 2.5 (so 5-5.25% interest). No "disbursement fee". The rates seem odd (low), and I've only heard them talk about it over the phone, haven't seen it in print. The -.25% is with a cosigner.

Loner,

Mine is the same - most private loans are variable based off the prime interest rate or BBA LIBOR ( stands for the London Interbank Offered Rate) interest rate + a given rate.

Example: today the prime 3.25%, last year it was 7.25%

You would add your banks % to this rate to get the rate you 'feel'.

A lot of loans will have a max % rate as part of the contract as well..

v/r

[colorful777]

Hello All!!!

I applied for Fall 2009, as well, and I received my acceptance letter on November 6th! So, if you haven't heard any word yet, it will be coming soon!

-Tina Dominey

Hi Tina,

I think we'll be in class together, I'm supposed to send the deposit to hold my spot, by ~ Jan 15th. I'm a bit concerned they have a high attrition rate.. Lots to think about..

Perhaps I'll see you in class :).

Virginia from Bucks County