* Financial Aid Program Update *

The University of Sint Eustatius School of Medicine will be temporarily suspending its recently established financial aid program due to an unforeseen bank regulatory issue.  The Office of Financial Aid Services has been working diligently with our banking partners to resume processing applications and  disbursing funds  for those loan applications already approved.  As a result of unexpected delays in connection with finalizing the program criteria, we have exceeded the maximum time allotted for initial disbursement.  Under the current regulations, the bank is required to distribute rejection letters to all applicants whose loans are already in the system.  These rejection letters will not have any negative consequence on applicants’ credit, nor bear any negative reflection on the applicants’ ability to qualify for the loan once the matter has been resolved.  We expect resolution in the coming weeks and fully intend to resubmit all applications.   We apologize for any inconvenience resulting from this unexpected situation and look forward to re-establishing our financial aid program at the earliest opportunity.  Please direct any questions to the Office of Financial Aid Services.