FINANCIAL AID issue - SGU Vet Foundation Program

[peluo1]

Hello everyone. I have accepted a seat in the class of January 2014 Vet Foundation Program for SGU fr 1 semester with hopes of getting into the DVM program August 2014. However, I have run into a MAJOR financial issue and was wondering if any other Foundations students have had this problem and how did you resolve it? :

For the Vet Foundation program, only private student loans can be used. With a cosigner, I should be able to get those. HOWEVER, the loan money is disbursed January 10th, but the entire cost of tuition...and that's about $12000...is due by December 15th!! Does that make sense to anybody? I have never had to prepay for school like that. I always started classes, got my money, paid for classe by the due date (which was AFTER money was dispersed), and moved on. Has anybody out there faced this similar issue with another program or are have been through this particular program and found a way to go around it. I highly doubt that many future student have $12000 to $15000 lying around. Only solution I can see for now is taking out a private loan, paying the tuition, and then paying THAT loan back with the loan money I get on January 10th. It just seems like an ass-backwards way of doing things.

Any feedback or similar experiences?

TLDR: SGU wants me to pay the full tuition BEFORE the loan money is dispersed. That's a problem.

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[jmo1012]

Hello everyone. I have accepted a seat in the class of January 2014 Vet Foundation Program for SGU fr 1 semester with hopes of getting into the DVM program August 2014. However, I have run into a MAJOR financial issue and was wondering if any other Foundations students have had this problem and how did you resolve it? :

For the Vet Foundation program, only private student loans can be used. With a cosigner, I should be able to get those. HOWEVER, the loan money is disbursed January 10th, but the entire cost of tuition...and that's about $12000...is due by December 15th!! Does that make sense to anybody? I have never had to prepay for school like that. I always started classes, got my money, paid for classe by the due date (which was AFTER money was dispersed), and moved on. Has anybody out there faced this similar issue with another program or are have been through this particular program and found a way to go around it. I highly doubt that many future student have $12000 to $15000 lying around. Only solution I can see for now is taking out a private loan, paying the tuition, and then paying THAT loan back with the loan money I get on January 10th. It just seems like an ass-backwards way of doing things.

Any feedback or similar experiences?

TLDR: SGU wants me to pay the full tuition BEFORE the loan money is dispersed. That's a problem.

have you contacted financial aid about your questions? i know it "looks" like that for the dvm program too. basically when they have proof of our loans the deadlines go away (unless you've accepted less than them amount required to cover tuition) because they're dependent on disbursement.

 

[peluo1]

have you contacted financial aid about your questions? i know it "looks" like that for the dvm program too. basically when they have proof of our loans the deadlines go away (unless you've accepted less than them amount required to cover tuition) because they're dependent on disbursement.

Hmmmm interesting comment. I have contacted financial aid about my situation. In fact, I am a little upset because of their lack of attention to the matter. I called yesterday, no answer. Left a message and emailed my advisor. Today, I got no call back, no email back. So I called and emailed again and I emailed Krista to ask for another financial advisor since mine is AWOL lol. I can't be messing around with this stuff when I need it resolved asap. I mean...what you're saying makes sense, I just hope it is definitely true, especially for foundations. If I were the institution and I saw that the student was approved and everything, but the money would be disbursed 25 days after the deadline for payment...I'd prob say, eh...I'll extended the deadline for them. I'd rather get my money a little later than not get any money at all. But then again, I'm not SGU. lol. So if I get approved for the Sallie Mae student loan, and show them proof...you're certain they'll extend the deadline for me?

I got scared because in the email my financial advisor even said to take 6 months off and save money then reapply. I was like helllllll no. I am starting this now.

 

[jmo1012]

i really have no idea how the process works, i just know that i had the same freak out wondering where i was supposed to come up with x amount of money before the loan disbursement date (this was for federal loans though). that being said, A LOT of people do foundations at SGU. there must be something big we're missing, because otherwise there's no way so many people could afford the program (both med and vet). if you message me your contact info, i can try to pass it on to someone who just finished foundations. also, my experience with the financial aid advisers varies. some of them are very helpful and nice while others will leave you very frustrated and annoyed.