Background History:  I had just graduated from college with my Bachelor’s in Biology and was ready to take the next step in my career by applying to a private health institute.  The next step into any career whether its going to a graduate school or obtaining a Doctorates degree has to be funded  through loans. What many school fail to educate students is how financial aid is no longer available once your reach a certain degree and the only way to fund your education is through loans.

Unfortunately, the school I wanted to attend was not accredited until the following year and the only way to fund my education was through private loans. 

Fun Fact:  Private loans can give you a lower interest rate than federal loans.  

I came upon the organization called iHelp. I was approved for a loan at the beginning of the month of June, 2018 where I had signed everything and was ready to take the next step in my career. But on June 11, 2018 I was informed through my future classmates that iHelp is no longer associated with the school??? In fact, I never received a call about their current situation and In a matter of a month iHelp  issue with their type of insurance in the state of Florida has ceased all loans.. . DO NOT ATTEMPT TO APPLY FOR A LOAN!!! I REPEAT DO NOT ATTEMPT TO APPLY FOR A LOAN!!! 

Update on June 13, 2018

My current status on iHelp says (Pending 1st disbursement), but my status online says on hold. When I call customer service they simply state “that it is not up to them anymore to make the decision on whether or not I will receive the funds, but up to the bank”. I then ask if they have a deadline because I start school on July 30th and over several employees reported to me saying ” we don’t know when they will have an answer, they have no deadline”. I then presumed to ask the question if I could speak to the bank personally? Of course, they stated ” We cannot give you any information”.  

IHelp lack of responsibility with their new “insurance” has put hundreds of students at risk towards their education.  If you plan on investing your future with them, do not. Try any other loan company and do your research if they expect on any changes in the upcoming future.  Learn from my mistake, and never invest in IHelp Private loan company. 

 Until then I wait and pray for a miracle. 

You will probably need a cosigner. 90%+ of private loans require a cosigner. $8,000 is also manageable via work, scholarships, and more.