Quote:
Originally Posted by bdhill1979  Correction
Most of them took out a loan for $70,000
They will most likely pay almost twice that by the time its all said and done. |
In those situations, does the loan financier disburse the funds on a piecemeal basis, or do they give the school the lump sum?
If it's the former instead of the latter, the students may be able to get the pro-rata amount shifted to another school, in which case there is a delay in their training while they pursue another option, and they're not necessarily 70K in the hole, you know?
If I owned a helicopter school, this would be a perfect chance to expand - you've got a set of students ripe for "saving" and they already have funding in place. Talk about a target market...
Probably a paperwork nightmare though.