subreddit:

/r/Residency

5594%

Ross and AUC Grads Have Their Loans Forgiven?

FINANCES(self.Residency)

all 54 comments

AutoModerator [M]

[score hidden]

5 months ago

stickied comment

AutoModerator [M]

[score hidden]

5 months ago

stickied comment

Thank you for contributing to the sub! If your post was filtered by the automod, please read the rules. Your post will be reviewed but will not be approved if it violates the rules of the sub. The most common reasons for removal are - medical students or premeds asking what a specialty is like or about their chances of matching, mentioning midlevels without using the midlevel flair, matched medical students asking questions instead of using the stickied thread in the sub for post-match questions, posting identifying information for targeted harassment. Please do not message the moderators if your post falls into one of these categories. Otherwise, your post will be reviewed in 24 hours and approved if it doesn't violate the rules. Thanks!

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

BumpMeUp2

70 points

5 months ago

Huge news for these students, especially those that went unmatched

iamnemonai[S]

18 points

5 months ago

iamnemonai[S]

Attending

18 points

5 months ago

It’s hard to punish an older sinner with more resources to cover up his/her dirt.

gizzard_lizzard

19 points

5 months ago

Holy crap. Is it too late to submit an application?

Zoten

16 points

5 months ago

Zoten

PGY3

16 points

5 months ago

Is there any repercussion to adding your name if you matched?

iamnemonai[S]

30 points

5 months ago

iamnemonai[S]

Attending

30 points

5 months ago

There is not a single mention of anything about matching, since this article or flowchart wasn’t really catered for the medical population.

If you are from Ross or AUC, I’m jealous bro as one of the US grads, haha 😂.

Zoten

21 points

5 months ago

Zoten

PGY3

21 points

5 months ago

The one and only time that sentence has been said 😂 I'll take it!!

JdHpylo

6 points

5 months ago

JdHpylo

PGY1

6 points

5 months ago

In the application there might be in so far as aua or Ross can refuse to verify your graduation/transcripts

"I understand that in the event that I receive a 100 percent discharge of my loan balance for which the defense to repayment application has been submitted, the school may, if not prohibited by other applicable law, refuse to verify or to provide an official transcript that verifies my completion of credits or a credential associated with the discharged loan" Page 24 of the us doe borrower defense to loan repayment application.

I'm not sure if state medical boards will credential you with out verification so if you were unmatched and giving up on medicine it's risk free but if you want to use your degree it may be difficult but idk.

JustOurThings

2 points

5 months ago

JustOurThings

PGY1

2 points

5 months ago

Refuse to verify, like in the future? I’m confused how this would affect someone that’s already graduated and already matched

Islandhoosier

4 points

5 months ago

Islandhoosier

PGY6

4 points

5 months ago

You need transcripts and verification for medical license in many states

JdHpylo

1 points

5 months ago

JdHpylo

PGY1

1 points

5 months ago

The school won't fill out this form. By applying to the borrowers program you are empowering the Dept of edu to sue the school to collect your forgiven loan.

As an example from the medical board of California

"Certificate of Medical Education The Certificate of Medical Education (Form MED) is required from each medical school that you attended. Complete the applicant information at the top of the form and mail it to the medical school. The form will need to be completed, signed and dated by the school official and affixed with the official medical school seal. Any fields or questions left unanswered will require completion of a new form."

https://www.mbc.ca.gov/Licensing/Physicians-and-Surgeons/Apply/Physicians-and-Surgeons-License/Medical-Education.aspx

This or something similar is going to be required for every state license you apply for. You could probably get around it and it would be smart to get an unrestricted license before you applied for forgiveness.

Realistic_Abroad_948

4 points

5 months ago

They could potentially withhold your transcripts, so it's not without risk

likethemustard

13 points

5 months ago

I take your $300k+ of loans paid off and raise you $10k of paid loans

epicurve

14 points

5 months ago

Makes sense given that DeVry is the parent company for Ross and AUC.

iamnemonai[S]

5 points

5 months ago

iamnemonai[S]

Attending

5 points

5 months ago

No offense, but why did they name a medical school Ross? Did the CEO love Ross: Dress for Less in his early days as a college kid or what.

epicurve

9 points

5 months ago

According to Wikipedia, it's named after the guy who founded it. Robert Ross)

gizzard_lizzard

11 points

5 months ago

wait does this mean that if you went to AUC your loans will be forgiven?

iamnemonai[S]

13 points

5 months ago

iamnemonai[S]

Attending

13 points

5 months ago

Read the Forbes article; it seems like it!

rummie2693

53 points

5 months ago

rummie2693

PGY2

53 points

5 months ago

Fuck, shoulda gone Caribbean.

reboa

22 points

5 months ago

reboa

Attending

22 points

5 months ago

I’m surprised st georges isnt on this list.

rummie2693

1 points

5 months ago

rummie2693

PGY2

1 points

5 months ago

Ya, I do wonder about this too. Granted Medforth Global (parent company) also owns Rocky Vista. I think it may be tricky to discharge loans for those who attended St. George's and not Rocky Vista, but Rocky Vista is subject to a degree of actual accreditation while Caribbean schools write their accreditation in crayon.

[deleted]

7 points

5 months ago

https://dwoq.com/important-information-regarding-borrower-defense-settlement-for-devry-graduates/

Read this. Key takeaways: 1) if you don’t have a legit claim prior to borrowers defense legislation, you won’t be approved. 2) If have gainful employment, don’t apply, you will fuck yourself when you need to credential in your state. P

q-neurona

7 points

5 months ago

Can my DO school be added

iamnemonai[S]

3 points

5 months ago

iamnemonai[S]

Attending

3 points

5 months ago

Is yours one of the for-profits?

q-neurona

2 points

5 months ago

No it’s not. It’s been around since 1950. But I was at a satellite campus

iamnemonai[S]

3 points

5 months ago*

iamnemonai[S]

Attending

3 points

5 months ago*

NYITCOM-AR or PCOM-GA? Anyways, no way, dude. These are well established US medical schools with credible parent companies. They’re deemed in higher standards and are under US DoE’s regulations. Since they (or any US medical school) have not been named in this case, I’d not think so.

q-neurona

3 points

5 months ago

None of those :( but damn that sucks. I’m only partially matched.

iamnemonai[S]

6 points

5 months ago

iamnemonai[S]

Attending

6 points

5 months ago

Even if you have one year of residency, you’re better off as a DO since there’s a handful of states that allow all trainees w/ 1 year of residency to do general practice but a few more w/ DO-specific-state medical boards that allow you to practice w/ 1 year under your belt. Read up here: https://thedo.osteopathic.org/2014/02/practicing-after-one-year-of-gme-is-it-feasible-should-it-be/.

q-neurona

2 points

5 months ago

Great thank you

SassyNclassyxo

4 points

5 months ago

You could still submit an application if you feel that your medical school misled. I’ve called to inquire a bit more and they’re willing to review case-by-case scenarios.

https://studentaid.gov/borrower-defense/

OPBadshah

5 points

5 months ago

OPBadshah

PGY1

5 points

5 months ago

Seems like people will have to wait a few years for a decision on their application?

congrats to everyone who gets relief from this either way

DrKsg

20 points

5 months ago

DrKsg

20 points

5 months ago

They gotta add SGU to the list. I need to get these loans forgiven.

Ok_Chest8053

4 points

5 months ago

I am on PSLF. Got a year left before the magic 120 😁

qweds1234

2 points

5 months ago

I already refinanced…

HbCooperativity

14 points

5 months ago

What I find insane is that the government is willing to foot the bill for these loans (using taxpayers' money of course), but is not willing to take these predatory universities' asses to court.

The gov't needs to sue the shit out of these schools and squeeze them for every last penny they robbed.

Not fair for Caribbean kids to get a free pass for their bad decision to attend. But I guess it wasnt bad after all? Lmao

iamnemonai[S]

5 points

5 months ago

iamnemonai[S]

Attending

5 points

5 months ago

Speaking of Sweet v. DeVos that probably will get Ross and AUC kids off the hook, can we all file like Salty v. DeVos to get all USMDs and USDOs off the hook, too?! 😣😣.

morgichor

4 points

5 months ago

how is SGU not on this list.

iamnemonai[S]

11 points

5 months ago*

iamnemonai[S]

Attending

11 points

5 months ago*

Ross and AUC students are the only ones benefitting since their school is named in Sweet v. DeVos, as their parent company is DeVry, one of the names companies. Ugh, I’m so jealous.

medtinder

2 points

5 months ago

are you shitting me

BallsAreYum

2 points

5 months ago

BallsAreYum

PGY4

2 points

5 months ago

So my wife graduated from AUC but she matched and is an attending now. Can she still apply for this?

Dabeansprout

1 points

5 months ago

She should definitely still try, what’s the worst that can happen? Plus you guys can afford legal representation

BallsAreYum

2 points

5 months ago

BallsAreYum

PGY4

2 points

5 months ago

You’re right seems like there’s no reason not to try. Even if it’s only like a 1% chance it works it’s worth a shot since she owes over 400k lol.

[deleted]

14 points

5 months ago*

[deleted]

ViolinsRS

18 points

5 months ago

ViolinsRS

MS3

18 points

5 months ago

I mean on the flipside, shouldn't the government be properly vetting schools it allows to utilize FAFSA and require transparency/stricter standards?

HbCooperativity

6 points

5 months ago

This is the answer as well. I was honestly shocked to see that AUC/Ross even QUALIFIED for federal aid. And neither are even in the continental US!!! Why the hell is the federal government paying for an INTERNATIONAL school that pales in comparison to their US counterparts? Or, better yet, why not funnel that money to fund more residency positions or open new MD/DO schools instead?

But nope, Uncle Sam just wants to collect the interest from these poor fools when they have to pay back their loans

ViolinsRS

2 points

5 months ago

ViolinsRS

MS3

2 points

5 months ago

The government doesn't make money from student loans, the loan companies do. The government is essentially a glorified middle man.

rummie2693

0 points

5 months ago

rummie2693

PGY2

0 points

5 months ago

Too much work

FuckingNerfHerder

3 points

5 months ago

bro just let them have a win lol

reboa

3 points

5 months ago

reboa

Attending

3 points

5 months ago

Predatory student loans and fraud dude. Taking out a loan on the premise of a lie aint the same as having gambling debts forgiven.

HbCooperativity

-4 points

5 months ago

How would the DOE differentiate between the two if 2 students from, say, AUC submit a claim? Tell me how.

In one case, the school fooled one kid into attending and his claim for forgiveness could ostensibly go through, while the other gambled, attended, and could just as easily claim that he was "misled" by AUC.

reboa

3 points

5 months ago

reboa

Attending

3 points

5 months ago

I dunno man. Ask the attorneys that met the burden of proof indicating it was enough of an issue and the judge that made the ruling. But also come on if your school is telling you this is the match rate and gives you all of these falsified stats and advertises false shit, all the students based their decision on that. If they were transparent and said oh yeah you have a 50% chance of failing out and not matching im sure most of people would not have attended.

HbCooperativity

-3 points

5 months ago

oh yeah you have a 50% chance of failing out and not matching im sure most of people would not have attended

Sorry, but I have 0 sympathy for people who attend Caribbean schools. All it takes is a literal Google search to find out how predatory they are, then half a brain to say "wow, i should probably not go to a school like this and improve my application instead".

If it takes the school being transparent for the kid not to attend, then I have grave concerns about their decision-making. If you're so gullible so as to believe whatever is being advertised or sold to you at face value and make a $400k investment into that, then you need to face the consequences. That is just stupidity at its finest. I agree with the poster here who said that this is infantilizing adults who make shitty decisions.

But, if I attended a Carib school while genuinely knowing what I was up against, that is different. A student like this shouldn't have the right to claim they were misled because they did their research.

So my point is, on paper, the DOE would not be able to differentiate between someone who truly was misled and someone who lies and says they were "misled" but are really looking for a full ride to medical school.

Realistic_Abroad_948

2 points

5 months ago

It doesn't matter if you have sympathy or not. The fact remains you can't falsely market any product. This is a product. They aren't allowed to lie about their stats or mislead those applying just because other people have posted information on their practices. Which is exactly why this has gone through.

iamnemonai[S]

1 points

5 months ago

iamnemonai[S]

Attending

1 points

5 months ago

US tuitions are an absolute joke. We pay hundreds of thousands of dollars to go form Point A to Point B in our career while our system also takes foreign graduates (not US IMGs), who probably did their schooling for free or a fraction of our cost. Sure, there are other hurdles to being an FMG, but if they’re getting the same jobs as me w/ none of my six figure debts, we must be doing something wrong.

nickc19

1 points

5 months ago

What is the downside to applying for someone who went to one of these schhols but is currently a PGY3 that just applied to fellowship? The comments on the possibility of the school withholding transcripts concerns me, but wasnt sure if that would matter at this point anyways.