please i need your advice

cologne · #1 (**permalink**) 03-25-2010, 01:17 PM

I am a new immigrant to the States with a permanent residence status.I immediately want to pursue a career in the medical field and finance is a hitch for me now.I spoke lately with one of the schools around and i was told that the tuition for medical assistant program for 9months is $12000 plus but that i only have to pay $25 to begin.And that after 6months of my graduation that is when i will start paying back say like $60 monthly till the next 10years.In other words, i have a 10year payment plan of $60 monthly.I was also made to understand that a financial aid will be sought for me to cover half of the tuition and that immediately after my graduation and certification,they will look for a job for me.
So guys i dont know if any one has undergone this before and if it really augured well with them.Please i am new in the States and i really have to know the disadvanges and consequences of accepting this offer.Thanks!

sapphirecapital · #2 (**permalink**) 03-25-2010, 02:46 PM

60$ for 10 years would only be 7200 (60 x 12 x 10), given interest rates are going to rise agressively (my feeling about it) this is nothing, however you better have that in writing. There is a shortage of medical personell and so there may be a lot of financial aid out there, I would talk to the financial aid people first, the trick is a mix of different sources.

cologne · #3 (**permalink**) 03-30-2010, 09:12 PM

Quote:

Originally Posted by sapphirecapital

60$ for 10 years would only be 7200 (60 x 12 x 10), given interest rates are going to rise agressively (my feeling about it) this is nothing, however you better have that in writing. There is a shortage of medical personell and so there may be a lot of financial aid out there, I would talk to the financial aid people first, the trick is a mix of different sources.

thanks very much.If i accept that offer,would i also be elegible to get another financial aid to do my masters next year?Inother words, would the acceptance of this offer affect my chances of getting a financial aid to do my masters next year?because now i have a bachelors but that cannot fetch me a job right now because the economy now has no vacancy for what i studied.So will i be able to get another financial aid irrespective of the fact i have gotten one before?thanks

sapphirecapital · #4 (**permalink**) 03-31-2010, 01:27 AM

financial aid depends on your income and assets the tax year before you apply, the new student loan scenarios are just coming out, you have to wait for that one since the Obama government took things away from banks, talk to financial aid and use the normal route, you may find a grant or a scholarship.

littleroc02us · #5 (**permalink**) 03-31-2010, 10:21 AM

I would want all of this in writing. I've never heard of a medical degree for only $7200.

sapphirecapital · #6 (**permalink**) 03-31-2010, 02:36 PM

even writing might not be enough, you may want to hook up with some one who did this in person, I remember deals like these in Germany but you had to work for the medical provider afterwards, not a bad deal but make sure it is real

cologne · #7 (**permalink**) 04-01-2010, 07:06 PM

thanks guys.I will seek for more clarification from them to be sure.

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