"Just broken out" and "squared it" are phrases which very few would understand on hearing them spoken by tramps and criminals in public. The man who has "just broken out" is not, as I thought when I first heard the words, one who has escaped from limbo, but rather one who has newly joined the fraternity. The term is used in the sense in which it might be applied to an epidemic. Wanderlust (love of tramping) is the disease with which the newcomer in outcast life is supposed to be afflicted, and on allying himself with the brotherhood, the malady is "officially" recognized as having appeared, or broken out. "Squared it" I took to mean that a bargain or a quarrel had been settled, but I was again mistaken. It signifies that a tramp has reformed and become respectable. One who leaves the "road" for this reason is said to have "squared it," because he has settled his account with the brotherhood - he has finished with it.
Sunday, August 5, 2012
Saturday, August 4, 2012
EASTERN CORRESPONDENCE FOR SAFE KEEPING
any chance for a NJClassLoan? - bring paper of denial letter
will my federal Loan cover the tuition for the year?
what are my other options - Credit Union Loan?
Have you made any headway with my FAFSA - what have you found out?
What is the time frame for loan acceptance? When will I know about a Federal Loan - what is the typical time frame?
You have a payment plan correct - payment in increments? Do you have a paper with the details.
Are there any associations with local organizations/businesses that new students choose for employment?
Where can I find information about Financial Aid? X
www.FAFSA.ed.gov
(a paper FAFSA can be requested by calling the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) or 1-319-337-5665)
PDF available at www.FederalStudentAid.ed.gov.
Where can I find information about Loans? X
NJ Class Loan: www.hesaa.org
Application Reference Number:
F17987875803
User ID: bradleyhartzler1231
bjh12311980
Your signature authorization code = E651781
Your signature authorization code = E651781
NJCLASS for Graduate/Professional Students - Terms, Conditions, and Definitions, as of May 2012
Administrative Fee: This is an amount deducted from the proceeds paid to the borrower, not to exceed 5% of the approved loan amount. Approved Loan Amount: This will be the lesser of: the borrower requested amount, the amount the school certifies the student is eligible for, or the amount HESAA determines, as set forth in the Predisbursement Disclosure. Assignment: I shall not assign my obligation under this Note. Bankruptcy: This loan is an educational loan made by a governmental unit, and is subject to the exception to discharge of 11 U.S.C. §523(a)(8). This means that even if I complete a bankruptcy proceeding my obligation to pay this Note may remain. Cancellation: Only the borrower, HESAA, or the certifying school has the right to cancel this loan. If the decision is to cancel all or part of this loan, the borrower should request the school to do so on their behalf within 60 days of initial disbursement. For funds that are returned within 60 days of disbursement, accrued interest and fees will be credited to this loan and shall not be due by borrower. Collection Costs: If I am in Default, I agree to pay all amounts, including reasonable collection agency and attorneys' fees of up to 30% of the debt collected and court and other collection costs that you incur in effecting collection of this Note, up to the maximum permitted by law. Credit Bureau Reporting: If I am in default or I fail to make any payment when due on this Note, disclosure of information about the Loan to credit reporting agencies may adversely affect my credit rating and my ability to obtain other credit. You may report the status of my loan and my payment history to credit reporting agencies and others in accordance with applicable law. If I ask you, you will tell me if you have requested information about me from a consumer-reporting agency and provide me with the name and address of any agency that furnished you with a report. Death or Disability: Upon notification and submission of adequate proof in accordance with N.J.A.C. 9A:10-6.17(b) or (c), this obligation is cancelled in the event of the borrower’s death or total/permanent disability. Default: To the extent permitted by law, I will be in default and you may declare, without notice or demand, the entire unpaid amount of this Note, including principal, interest, late charges, reasonable collection costs and all other costs, immediately due and payable if I:
A. fail to make any payment to you when due and HESAA reasonably concludes that I no longer intend to honor my obligation;
B. make an assignment for the benefit of creditors, have voluntary or involuntary bankruptcy proceedings instituted by or against me, am adjudicated incompetent or incapacitated;
C. make any statement or representation on the application and/or supporting documents for the Loan, or in any subsequent communication with you that is untrue, incorrect, or incomplete;
D. fail to perform any agreement or keep any promise contained in this Note; or
E. am in default on any other loans that I may already have with you, or on any other loans I may have with you in the future.
Acceptance by HESAA of any payment, in whole or in part, of the amounts in arrears will not waive or affect any prior acceleration of this Note. HESAA may delay or fail to exercise or waive any of its rights on any occasion without losing its entitlement to exercise the right at any future time or on any future occasion. I waive presentment, demand, notice, protest and other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note. If I default, I will be required to pay interest on this loan accruing after default. All past due interest may, to the extent permitted by law, be capitalized and henceforth treated as part of the outstanding principal balance. The 0.75% interest rate increase will occur upon default, if I default prior to the scheduled increase in the 49th payment of principal and interest. Deferments: (In-school) Deferment of interest and/or principal payments shall not exceed a period of six (6) years, with any extension at the sole discretion of HESAA. To remain eligible for deferment status during the period allowed, I must be enrolled in an accredited educational institution on a full-time or half-time basis and must continue making satisfactory progress towards a degree. Deferred loans will automatically convert to monthly repayment of principal and interest when HESAA is notified of my graduation; withdrawal; or less than half-time enrollment. (Discretionary): HESAA, at its option, may grant a deferment of principal payments in cases when the borrower is (a) currently unemployed and is conscientiously seeking but unable to find full-time employment, (b) enrolled in an eligible internship or residency program required by a state prior to certification for professional practice or service, (c) on active duty status in the Armed Forces, (d) in the Peace Corps, or (e) on temporary total disability. At HESAA’s sole discretion, monthly interest payments may be deferred. Disbursement: This is the transfer of funds after the loan approval date by electronic means or by check. HESAA shall disburse loans in one or multiple disbursements as determined by the school. My payment obligation on this Note begins on the date the loan is disbursed. Disclosure Statement: The borrower will be provided a copy of the Predisbursement Disclosure detailing the interest rate for this Note, the amount of the payment, the number of payments that must be made and other terms and conditions. If any information on the Predisbursement Disclosure conflicts with the information on this Note, the information on the Predisbursement Disclosure governs. Forbearance: HESAA may, at its discretion, grant the borrower periods of forbearance in the repayment of this Note. Forbearance may be granted for situations including, but not limited to, economic hardship. While on forbearance, a borrower is permitted a temporary cessation of principal payment and is temporarily permitted to make payments of interest only. I agree not to claim any forbearance you grant as a defense to repayment of this loan. At HESAA’s sole discretion, monthly interest payments may be deferred. Interest: The interest on this loan is a fixed rate. Interest is not subsidized, and will accrue during all periods of repayment, deferment and forbearance. Interest shall accrue daily on the unpaid principal balance at the rate stated on the Predisbursement Disclosure from the date of the initial loan disbursement until the date this Note is paid in full. Interest will be calculated on the basis of the actual number of days in the year and the actual number of days elapsed, including holidays and days on which you are not open. If you authorize Forbearance as to interest, you may add all such interest to the principal balance of the loan at the end of the Forbearance Period. Loans that originate with in-school full deferment of principal and interest carry a higher interest rate for the life of the loan than the other repayment options, as specified on the Pre-Disbursement Disclosure statement. Under all repayment options, the loan’s annual interest rate will increase one time by 0.75% beginning upon whichever occurs first, either the borrower’s 49th month of repaying the loan principal or upon default, for the remainder of the life of the loan.
Page 2 of 2
Late Payment and Other Charges: HESAA reserves the right to collect from the borrower a late charge, not to exceed 6%of the required payment, if the borrower fails to pay part or all of a required payment within ten (10) days after a payment is due. HESAA reserves the right to also collect a handling charge for each payment on this Note returned for any reason, including but not limited to insufficient funds or stop payment order. Minimum Payment: The minimum acceptable monthly principal and interest payment shall be the amount required to fully repay the loan within the maximum repayment period, and shall not be less than $50 per loan, or upon request, not less than $50 per borrower for all of that borrower’s NJCLASS loans. The minimum acceptable monthly interest payment shall be the greater of the amount of interest accrued, or $10 per loan. Modification: HESAA reserves the right to amend any terms, conditions, and/or definitions upon written notice to the borrower. Repayment: I am responsible for repaying the entire Approved Loan Amount and also the interest for this loan in a timely manner within a period of 25 years (including authorized deferment/forbearance periods). Authorized periods of deferment or forbearance do not extend the term. (Option 1) Monthly Repayment: repayment of principal and interest begins within 60 days after the initial disbursement. (Option 2) Monthly Interest Only: repayment of principal is deferred until graduation, withdrawal, or notification of less than half-time enrollment, and monthly payment of interest is required while in deferment. At the expiration of the deferment, monthly principal and interest payments are required. (Option 3) Deferment: : repayment of principal and interest is deferred until graduation, withdrawal, or notification of less than half-time enrollment and the interest is capitalized annually while in deferment. At the expiration of the deferment, monthly principal and interest payments are required. I am not relieved of my responsibility and obligation to make such payments even if I do not receive billing statements or any other written notices from you. Payments will be applied first to unpaid interest and then to unpaid principal and then to unpaid costs and finally to unpaid fees, as permitted by applicable law. I may, at my option and without penalty, prepay all or any part of this Note at any time; however, any partial prepayment will not relieve me of my obligation to make regular monthly payments until this Note is paid in full. Since interest accrues daily upon the unpaid principal loan balance, if I make payments after my payment due dates, I may owe unpaid principal, unpaid interest, unpaid costs and unpaid fees, which are due and payable upon maturity of this Note. Transfer of Promissory Note: This Note may be transferred to a holder other than HESAA. Such transfer shall not affect the rights and responsibilities of the parties as set forth. This Note is not intended to be a negotiable instrument and a subsequent holder of this Note cannot be a holder in due course. Governing Law: The provisions of this Note shall be governed in all respects by applicable federal law, and the laws of the State of New Jersey without regard to conflict of law rules. Miscellaneous: (A) My responsibility for paying this Note is unaffected by any other party’s liability to you or me or by your failure to notify me that a required payment has not been made. (B) Should any provision of this Note be held invalid or unenforceable, in whole or in part, such provision (or part of such provision) shall be deemed omitted from this Note, and the validity and enforceability of the remaining provisions of this Note shall not be affected thereby. (C) I understand that if I provide you with my cell phone number at any time during the life of my loans with HESAA, I am providing you with express consent to call me on that number, both directly and with automatic dialing systems. I will send written notice to you within 10 days after any change in my name, address, or telephone number and my failure to do so shall not affect my obligations to repay this loan in accordance with its terms. Any notice required to be given to me by HESAA will be considered effective when mailed to the latest address that HESAA has for me. I must notify you or your agent(s) in writing of information changes to my application and I must update the information on my Note whenever asked to do so.
Student–Borrower Information Please print in dark ink
First Name MI Last Name Social Security Number Date of Birth (Month/Day/Year)
Permanent Street Address Citizenship
Student–Borrower Information Please print in dark ink
First Name MI Last Name Social Security Number Date of Birth (Month/Day/Year)
Permanent Street Address Citizenship
ESIGNED DOCUMENTS ARE SAVED ON THE DESKTOP!!!!
Hello, Bradley-
Tuition for year 1 for 2012-2013 is $18,260.00. If you plan to use the Federal Direct loans and NJClass to cover the balance, you can request $8800.00 from NJClass. The Fed loan max for year 1 is $9500.00. That would cover tuition for year 1.
Fall 2012 applications are not yet being accepted. Loan periods beginning after 7-15-2012 or ending after 8-31-13 are not allowed at this time, contact Andre Maglione at 6095884619 or amaglione@hessa.org for Fall 2012 GO Live date.
Where can I find information on Mass Transit? X
www.njtransit.com
http://www.metrojersey.com/transportation.htm
When are Classes? X
Classes are one afternoon-evening per week and weekends from 9:00 am to 5:00pm (averaging 3 weekends per month).
Students who require Biology, Bioscience and A&P credits must attend additional evenings. Courses are on Mondays and Wednesdays from 5:30-9:30. Schedule depends on post-secondary credits in Biosciences.
The weekday class: September start Tuesdays from 3-9; February start Thursdays from 3-9.
Do You Offer Online Classes? X
The Eastern School of Acupuncture does not offer online classes.
Do You Offer a Part Time Program? X
No, the Eastern School’s curriculum is geared toward students with full time commitments, and cannot be shortened any further as is would greatly affect the length of the program.
Does the Eastern School of Acupuncture offer an accelerated program for, chiropractors, physicians and other students in the medical field? X
There is no accelerated program for acupuncture; our core curriculum is two years academic and one year of clinical internship. A possibility of exemption from some of the western medical classes required by the Eastern School may occur for students depending on their academic background, however this is strictly on an individual basis. PLEASE NOTE: Professional exemptions do not reflect the length or tuition of the Acupuncture program.
When do I take my Board examinations? X
At the end of year two (1490 hours of acupuncture education)
students may take their National Board Examination.
www.nccaom.org
If you are going to practice in the state of NJ: X
At the completion of the Acupuncture Program (and completion of a four year Bachelors Degree) students may take their NJ State Board Examination. http://www.state.nj.us/lps/ca/medical/acupuncture.htm
What is the Application Deadline for the September 2012 semester? X
All official paperwork for a completed application is due July 15, 2012.
How long is the Program? X
Acupuncture is a 3 year program.
Does my degree/60 credits have to be in any particular field for eligibility into the program? X
There is no particular field or degree requirement for credits. The Eastern School of Acupuncture has a diverse group of students from many academic backgrounds.
Does Eastern School of Acupuncture offer an herbal program? X
Yes, if a student is entering year three of the acupuncture program they may enter the herbal program if the following requirements are met:
Does the Eastern School of Acupuncture provide student housing? X
The Eastern School is basically considered a small commuter school and has many students who commute from areas up to three hours away in distance. Many of these students carpool. For students who are looking to move to an area closer to the school, please check out the following website. http://www.campusrent.com/new_jersey_apartments.cfm
What if I cannot attend an open house but still would like to tour the school? X
The staff at Eastern School of Acupuncture provides prospective students with private, informative tours of our facility; please call 973-746-8717 x11.
Does the Eastern School of Acupuncture offer job placement? X
The Eastern School of Acupuncture prides itself on a successful graduation rate, however we do not provide job placement. We do have a strong alumni association which posts job offers, office space availability etc... A variety of career opportunities are available in the acupuncture field for example: private or combined practice, hospitals, wellness/recovery centers, cruise ships and spas.
What are state regulations and standards throughout the country for Acupuncturists? X
Acupuncture is regulated on a state by state basis, to find out information about states you may be interested practicing in please go to www.acupuncture.com. You may also check out the National Certification Commission of Acupuncture and Oriental Medicine at www.nccaom.org.
Do I have to receive any vaccinations to attend the student clinic? X
The Eastern School of Acupuncture requests that students receive a Hepatitis B vaccine; however you may sign a vaccination declination form if you do not wish to receive a vaccination.
Information for Transfer Students X
The Eastern School does accept transfer credits from accredited acupuncture schools located in the United States. If you wish to have your transcripts evaluated the fee is $25.00 and copies of transcripts may be used for evaluation only. Credits are accepted on a case by case basis and are based on comparison to the Eastern School curriculum. Official transcripts are required to apply for the acupuncture program.
Information for Foreign Students
X
Does the Eastern School of Acupuncture provide student visas?
The state of NJ considers acupuncture a vocational program and non-degree bearing, therefore we cannot provide student visas according to the Federal Government.
TOEFL X
Foreign students who have not graduated from a school in the US must satisfy a score of 500 or better on the TOEFL iBT, including the speaking section, on the written exam, or a score of 80 or better on the internet exam.
What if My Degree is from a Country Other than the US? X
You will need your transcripts translated from the following credential evaluation service.
World Education Service, Inc.
Bowling Green Station
PO Box 5087
New York, NY 10274-5087
Tel: 212-966-6311
WES site:
http://www.wes.org/
Financial Aid for Foreign students X
You must be a US citizen or eligible noncitizen.
1. Refugee
2. Asylum Granted
3. Cuban-Haitian Entrant, Status Pending
4. Conditional Entrant (valid only if issued before 4/1/80)
5. Parolee (you must be paroled into the US for at least one year, and you must be able to prove evidence from the USCIS that you are in the US for other than a temporary purpose and intend to become a citizen or permanent resident)
Hello, Bradley-
Sorry that I did not receive your first message. Perhaps it was lost when my new computer was being installed last month.
I am attaching instructions for the financial aid process. Let me know if you have any further questions on the application process.
Most students utilize the Direct Loan program and either make monthly payments for the remaining balance, or borrow additional funds from the state of New Jersey. The attached instructions contain the NJClass loan information as well.
Thank you for your interest in the Eastern School and please join us for an Open House on Saturday, 5/19/12 or 6/23/12 from 1:00 pm to 3:00 pm.
Please visit our website for further information on our school.
Have a great day,
Jennifer Coppola
Bursar
Suggested Reading for Prospective Students
The Web That Has No Weaver; Ted J. Kaptchuk.
The Yellow Emperor’s Classic of Medicine; Maoshing Ni.
M
Between Heaven and Earth, A Guide to Chinese Medicine; Harriet Beinfield,
Efrem Korngold.
Dear Bradley,
Thank you for your email. I have received your application, application fee, three letters of recommendation, your personal essay and transcripts from Elizabethtown College, Maywood University and Penn State. Your application is completed and your transcript evaluation is as follows:
You have completed 3 credits of a bioscience in General Psychology to be applied to your entrance credits. You will need to complete 4 credits in Biology and 8 credits in Anatomy & Physiology by the end of your first year of acupuncture studies. You may take these courses at Eastern if you choose.
You application is currently being processed and I will be contacting you soon.
Please let me know if you have any questions. Also, if you are going to apply for financial aid you should do so at this time.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
Dear Bradley,
The 4 credit Biology is no longer a pre-requisite, but must be taken during year one of the program either at Eastern or at a post-secondary school of your choice. Some students take the course prior to entering the program to lighten their first semester coursework. It is up to the individual student. Please let me know if you have any further questions.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
Dear Bradley,
Thanks for your email. I have attached a FAQ sheet to this email with the housing website. I also have attached financial aid info to this email. If you are going to apply for federal aid you should do so at this time. I am beginning the interview process for admissions next week. I have availability on Wednesday May 23 after 2:00pm, and Thursday 11:00-1:00 and 3:00-4:00. If any of these times are convenient for you please let me know, if not we can look at the following week. If accepted into the program, you will be contacted in mid-July to register for classes, work out your payment options and review the fall schedule.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
EDITED VERSION:
Loan Interest Rate and Fees – NJCLASS for Graduate and Professional Students
Your starting interest rate will be between
Your Starting Interest Rate (Upon Approval)
NJCLASS offers a FIXED interest rate. Different repayment options offer
different interest rates. Unlike other lenders, NJCLASS does not
determine your interest rate by your creditworthiness or presence of a
cosigner. NJCLASS interest rates are based on the costs of capital and
administration of the loan program only.
Your Interest Rate During The Life Of The Loan
NJCLASS reduces the interest rate during school and for the first 48
monthly payments of principal and interest. This reduction assists
borrowers in repaying more principal during these early months when
the loan balance is highest. The result is a lower overall cost to the
borrower. In the 49
th
month of principal and interest repayment, your
interest rate increases by 0.75% and stays at that rate for the remainder
of the loan.
7.35% And
7.65%
Your interest rate will be determined upon the
repayment option you select.
Loan Fees
Your interest rate is fixed, and will not vary other than the single
adjustment described above; unless you default on your loan.
The only fee that we charge to make this loan is the Loan Administration Fee of 2% of the approved loan amount. This fee is deducted
from the loan prior to disbursement. Although HESAA does not currently charge these fees, HESAA reserves the right to charge a late fee
of up to 6% of the payment amount and a customary handling charge for returned payments.
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon when you start to repay it and how long it takes to pay the loan
in full. These examples provide estimates based upon the repayment options available to you at the time of application.
June 2011 - June 2012 - The examples below are for loans currently being processed and disbursed.
Repayment Option
(while enrolled in school)
Amount Provided
(amount disbursed directly
to you or your school)
Fixed
Interest Rate
Loan Term
(how long you have
to pay off the loan)
Total Paid
(includes Loan Fee)
Monthly principal and interest
payments – Begin repayment
within 60 days after the first
disbursement.
$10,000 7.35%/8.10%
25 years
Starting at the date
of 1
st
disbursement
$23,012.99
Monthly interest-only payments –
Defer principal, and pay only the
interest that accrues while in
deferment.
$10,000 7.35%/8.10%
25 years
Starting at the date
of 1
st
disbursement
$23,232.10
Defer all payments while in
school– Accrued interest will be
capitalized, if not paid, annually.
$10,000 7.65%/8.40%
25 years
Starting at the date
of 1
st
disbursement
$24,948.31
Year 1 Post-secondary options:
www.montclair.edu
Journal of Chinese Medicine 100010156.
will my federal Loan cover the tuition for the year?
what are my other options - Credit Union Loan?
Have you made any headway with my FAFSA - what have you found out?
What is the time frame for loan acceptance? When will I know about a Federal Loan - what is the typical time frame?
You have a payment plan correct - payment in increments? Do you have a paper with the details.
Are there any associations with local organizations/businesses that new students choose for employment?
Frequently Asked Questions
Where can I find information about Financial Aid? X
www.FAFSA.ed.gov
(a paper FAFSA can be requested by calling the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) or 1-319-337-5665)
PDF available at www.FederalStudentAid.ed.gov.
Where can I find information about Loans? X
NJ Class Loan: www.hesaa.org
Application Reference Number:
F17987875803
User ID: bradleyhartzler1231
bjh12311980
Your signature authorization code = E651781
Your signature authorization code = E651781
NJCLASS for Graduate/Professional Students - Terms, Conditions, and Definitions, as of May 2012
Administrative Fee: This is an amount deducted from the proceeds paid to the borrower, not to exceed 5% of the approved loan amount. Approved Loan Amount: This will be the lesser of: the borrower requested amount, the amount the school certifies the student is eligible for, or the amount HESAA determines, as set forth in the Predisbursement Disclosure. Assignment: I shall not assign my obligation under this Note. Bankruptcy: This loan is an educational loan made by a governmental unit, and is subject to the exception to discharge of 11 U.S.C. §523(a)(8). This means that even if I complete a bankruptcy proceeding my obligation to pay this Note may remain. Cancellation: Only the borrower, HESAA, or the certifying school has the right to cancel this loan. If the decision is to cancel all or part of this loan, the borrower should request the school to do so on their behalf within 60 days of initial disbursement. For funds that are returned within 60 days of disbursement, accrued interest and fees will be credited to this loan and shall not be due by borrower. Collection Costs: If I am in Default, I agree to pay all amounts, including reasonable collection agency and attorneys' fees of up to 30% of the debt collected and court and other collection costs that you incur in effecting collection of this Note, up to the maximum permitted by law. Credit Bureau Reporting: If I am in default or I fail to make any payment when due on this Note, disclosure of information about the Loan to credit reporting agencies may adversely affect my credit rating and my ability to obtain other credit. You may report the status of my loan and my payment history to credit reporting agencies and others in accordance with applicable law. If I ask you, you will tell me if you have requested information about me from a consumer-reporting agency and provide me with the name and address of any agency that furnished you with a report. Death or Disability: Upon notification and submission of adequate proof in accordance with N.J.A.C. 9A:10-6.17(b) or (c), this obligation is cancelled in the event of the borrower’s death or total/permanent disability. Default: To the extent permitted by law, I will be in default and you may declare, without notice or demand, the entire unpaid amount of this Note, including principal, interest, late charges, reasonable collection costs and all other costs, immediately due and payable if I:
A. fail to make any payment to you when due and HESAA reasonably concludes that I no longer intend to honor my obligation;
B. make an assignment for the benefit of creditors, have voluntary or involuntary bankruptcy proceedings instituted by or against me, am adjudicated incompetent or incapacitated;
C. make any statement or representation on the application and/or supporting documents for the Loan, or in any subsequent communication with you that is untrue, incorrect, or incomplete;
D. fail to perform any agreement or keep any promise contained in this Note; or
E. am in default on any other loans that I may already have with you, or on any other loans I may have with you in the future.
Acceptance by HESAA of any payment, in whole or in part, of the amounts in arrears will not waive or affect any prior acceleration of this Note. HESAA may delay or fail to exercise or waive any of its rights on any occasion without losing its entitlement to exercise the right at any future time or on any future occasion. I waive presentment, demand, notice, protest and other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note. If I default, I will be required to pay interest on this loan accruing after default. All past due interest may, to the extent permitted by law, be capitalized and henceforth treated as part of the outstanding principal balance. The 0.75% interest rate increase will occur upon default, if I default prior to the scheduled increase in the 49th payment of principal and interest. Deferments: (In-school) Deferment of interest and/or principal payments shall not exceed a period of six (6) years, with any extension at the sole discretion of HESAA. To remain eligible for deferment status during the period allowed, I must be enrolled in an accredited educational institution on a full-time or half-time basis and must continue making satisfactory progress towards a degree. Deferred loans will automatically convert to monthly repayment of principal and interest when HESAA is notified of my graduation; withdrawal; or less than half-time enrollment. (Discretionary): HESAA, at its option, may grant a deferment of principal payments in cases when the borrower is (a) currently unemployed and is conscientiously seeking but unable to find full-time employment, (b) enrolled in an eligible internship or residency program required by a state prior to certification for professional practice or service, (c) on active duty status in the Armed Forces, (d) in the Peace Corps, or (e) on temporary total disability. At HESAA’s sole discretion, monthly interest payments may be deferred. Disbursement: This is the transfer of funds after the loan approval date by electronic means or by check. HESAA shall disburse loans in one or multiple disbursements as determined by the school. My payment obligation on this Note begins on the date the loan is disbursed. Disclosure Statement: The borrower will be provided a copy of the Predisbursement Disclosure detailing the interest rate for this Note, the amount of the payment, the number of payments that must be made and other terms and conditions. If any information on the Predisbursement Disclosure conflicts with the information on this Note, the information on the Predisbursement Disclosure governs. Forbearance: HESAA may, at its discretion, grant the borrower periods of forbearance in the repayment of this Note. Forbearance may be granted for situations including, but not limited to, economic hardship. While on forbearance, a borrower is permitted a temporary cessation of principal payment and is temporarily permitted to make payments of interest only. I agree not to claim any forbearance you grant as a defense to repayment of this loan. At HESAA’s sole discretion, monthly interest payments may be deferred. Interest: The interest on this loan is a fixed rate. Interest is not subsidized, and will accrue during all periods of repayment, deferment and forbearance. Interest shall accrue daily on the unpaid principal balance at the rate stated on the Predisbursement Disclosure from the date of the initial loan disbursement until the date this Note is paid in full. Interest will be calculated on the basis of the actual number of days in the year and the actual number of days elapsed, including holidays and days on which you are not open. If you authorize Forbearance as to interest, you may add all such interest to the principal balance of the loan at the end of the Forbearance Period. Loans that originate with in-school full deferment of principal and interest carry a higher interest rate for the life of the loan than the other repayment options, as specified on the Pre-Disbursement Disclosure statement. Under all repayment options, the loan’s annual interest rate will increase one time by 0.75% beginning upon whichever occurs first, either the borrower’s 49th month of repaying the loan principal or upon default, for the remainder of the life of the loan.
Page 2 of 2
Late Payment and Other Charges: HESAA reserves the right to collect from the borrower a late charge, not to exceed 6%of the required payment, if the borrower fails to pay part or all of a required payment within ten (10) days after a payment is due. HESAA reserves the right to also collect a handling charge for each payment on this Note returned for any reason, including but not limited to insufficient funds or stop payment order. Minimum Payment: The minimum acceptable monthly principal and interest payment shall be the amount required to fully repay the loan within the maximum repayment period, and shall not be less than $50 per loan, or upon request, not less than $50 per borrower for all of that borrower’s NJCLASS loans. The minimum acceptable monthly interest payment shall be the greater of the amount of interest accrued, or $10 per loan. Modification: HESAA reserves the right to amend any terms, conditions, and/or definitions upon written notice to the borrower. Repayment: I am responsible for repaying the entire Approved Loan Amount and also the interest for this loan in a timely manner within a period of 25 years (including authorized deferment/forbearance periods). Authorized periods of deferment or forbearance do not extend the term. (Option 1) Monthly Repayment: repayment of principal and interest begins within 60 days after the initial disbursement. (Option 2) Monthly Interest Only: repayment of principal is deferred until graduation, withdrawal, or notification of less than half-time enrollment, and monthly payment of interest is required while in deferment. At the expiration of the deferment, monthly principal and interest payments are required. (Option 3) Deferment: : repayment of principal and interest is deferred until graduation, withdrawal, or notification of less than half-time enrollment and the interest is capitalized annually while in deferment. At the expiration of the deferment, monthly principal and interest payments are required. I am not relieved of my responsibility and obligation to make such payments even if I do not receive billing statements or any other written notices from you. Payments will be applied first to unpaid interest and then to unpaid principal and then to unpaid costs and finally to unpaid fees, as permitted by applicable law. I may, at my option and without penalty, prepay all or any part of this Note at any time; however, any partial prepayment will not relieve me of my obligation to make regular monthly payments until this Note is paid in full. Since interest accrues daily upon the unpaid principal loan balance, if I make payments after my payment due dates, I may owe unpaid principal, unpaid interest, unpaid costs and unpaid fees, which are due and payable upon maturity of this Note. Transfer of Promissory Note: This Note may be transferred to a holder other than HESAA. Such transfer shall not affect the rights and responsibilities of the parties as set forth. This Note is not intended to be a negotiable instrument and a subsequent holder of this Note cannot be a holder in due course. Governing Law: The provisions of this Note shall be governed in all respects by applicable federal law, and the laws of the State of New Jersey without regard to conflict of law rules. Miscellaneous: (A) My responsibility for paying this Note is unaffected by any other party’s liability to you or me or by your failure to notify me that a required payment has not been made. (B) Should any provision of this Note be held invalid or unenforceable, in whole or in part, such provision (or part of such provision) shall be deemed omitted from this Note, and the validity and enforceability of the remaining provisions of this Note shall not be affected thereby. (C) I understand that if I provide you with my cell phone number at any time during the life of my loans with HESAA, I am providing you with express consent to call me on that number, both directly and with automatic dialing systems. I will send written notice to you within 10 days after any change in my name, address, or telephone number and my failure to do so shall not affect my obligations to repay this loan in accordance with its terms. Any notice required to be given to me by HESAA will be considered effective when mailed to the latest address that HESAA has for me. I must notify you or your agent(s) in writing of information changes to my application and I must update the information on my Note whenever asked to do so.
Student–Borrower Information Please print in dark ink
First Name MI Last Name Social Security Number Date of Birth (Month/Day/Year)
Permanent Street Address Citizenship
Student–Borrower Information Please print in dark ink
First Name MI Last Name Social Security Number Date of Birth (Month/Day/Year)
Permanent Street Address Citizenship
ESIGNED DOCUMENTS ARE SAVED ON THE DESKTOP!!!!
Hello, Bradley-
Tuition for year 1 for 2012-2013 is $18,260.00. If you plan to use the Federal Direct loans and NJClass to cover the balance, you can request $8800.00 from NJClass. The Fed loan max for year 1 is $9500.00. That would cover tuition for year 1.
Fall 2012 applications are not yet being accepted. Loan periods beginning after 7-15-2012 or ending after 8-31-13 are not allowed at this time, contact Andre Maglione at 6095884619 or amaglione@hessa.org for Fall 2012 GO Live date.
Where can I find information on Mass Transit? X
www.njtransit.com
http://www.metrojersey.com/transportation.htm
When are Classes? X
Classes are one afternoon-evening per week and weekends from 9:00 am to 5:00pm (averaging 3 weekends per month).
Students who require Biology, Bioscience and A&P credits must attend additional evenings. Courses are on Mondays and Wednesdays from 5:30-9:30. Schedule depends on post-secondary credits in Biosciences.
The weekday class: September start Tuesdays from 3-9; February start Thursdays from 3-9.
Do You Offer Online Classes? X
The Eastern School of Acupuncture does not offer online classes.
Do You Offer a Part Time Program? X
No, the Eastern School’s curriculum is geared toward students with full time commitments, and cannot be shortened any further as is would greatly affect the length of the program.
Does the Eastern School of Acupuncture offer an accelerated program for, chiropractors, physicians and other students in the medical field? X
There is no accelerated program for acupuncture; our core curriculum is two years academic and one year of clinical internship. A possibility of exemption from some of the western medical classes required by the Eastern School may occur for students depending on their academic background, however this is strictly on an individual basis. PLEASE NOTE: Professional exemptions do not reflect the length or tuition of the Acupuncture program.
When do I take my Board examinations? X
At the end of year two (1490 hours of acupuncture education)
students may take their National Board Examination.
www.nccaom.org
If you are going to practice in the state of NJ: X
At the completion of the Acupuncture Program (and completion of a four year Bachelors Degree) students may take their NJ State Board Examination. http://www.state.nj.us/lps/ca/medical/acupuncture.htm
What is the Application Deadline for the September 2012 semester? X
All official paperwork for a completed application is due July 15, 2012.
How long is the Program? X
Acupuncture is a 3 year program.
Does my degree/60 credits have to be in any particular field for eligibility into the program? X
There is no particular field or degree requirement for credits. The Eastern School of Acupuncture has a diverse group of students from many academic backgrounds.
Does Eastern School of Acupuncture offer an herbal program? X
Yes, if a student is entering year three of the acupuncture program they may enter the herbal program if the following requirements are met:
£ Coursework average of 70% or higher.
£ Coursework completed and up to date, through end of year two of acupuncture program.
£ Must pass year two comp exams.
£ Must have positive financial history with the school.
Students can graduate the acupuncture program and then complete year two of the herbology program.Does the Eastern School of Acupuncture provide student housing? X
The Eastern School is basically considered a small commuter school and has many students who commute from areas up to three hours away in distance. Many of these students carpool. For students who are looking to move to an area closer to the school, please check out the following website. http://www.campusrent.com/new_jersey_apartments.cfm
What if I cannot attend an open house but still would like to tour the school? X
The staff at Eastern School of Acupuncture provides prospective students with private, informative tours of our facility; please call 973-746-8717 x11.
Does the Eastern School of Acupuncture offer job placement? X
The Eastern School of Acupuncture prides itself on a successful graduation rate, however we do not provide job placement. We do have a strong alumni association which posts job offers, office space availability etc... A variety of career opportunities are available in the acupuncture field for example: private or combined practice, hospitals, wellness/recovery centers, cruise ships and spas.
What are state regulations and standards throughout the country for Acupuncturists? X
Acupuncture is regulated on a state by state basis, to find out information about states you may be interested practicing in please go to www.acupuncture.com. You may also check out the National Certification Commission of Acupuncture and Oriental Medicine at www.nccaom.org.
Do I have to receive any vaccinations to attend the student clinic? X
The Eastern School of Acupuncture requests that students receive a Hepatitis B vaccine; however you may sign a vaccination declination form if you do not wish to receive a vaccination.
Information for Transfer Students X
The Eastern School does accept transfer credits from accredited acupuncture schools located in the United States. If you wish to have your transcripts evaluated the fee is $25.00 and copies of transcripts may be used for evaluation only. Credits are accepted on a case by case basis and are based on comparison to the Eastern School curriculum. Official transcripts are required to apply for the acupuncture program.
Information for Foreign Students
X
Does the Eastern School of Acupuncture provide student visas?
The state of NJ considers acupuncture a vocational program and non-degree bearing, therefore we cannot provide student visas according to the Federal Government.
TOEFL X
Foreign students who have not graduated from a school in the US must satisfy a score of 500 or better on the TOEFL iBT, including the speaking section, on the written exam, or a score of 80 or better on the internet exam.
What if My Degree is from a Country Other than the US? X
World Education Service, Inc.
Bowling Green Station
PO Box 5087
New York, NY 10274-5087
Tel: 212-966-6311
WES site:
http://www.wes.org/
Financial Aid for Foreign students X
You must be a US citizen or eligible noncitizen.
£ You must have an Arrival Departure Record (I-94) from US Citizenship and Immigration Services (USCIS) showing one of the following designations:
1. Refugee
2. Asylum Granted
3. Cuban-Haitian Entrant, Status Pending
4. Conditional Entrant (valid only if issued before 4/1/80)
5. Parolee (you must be paroled into the US for at least one year, and you must be able to prove evidence from the USCIS that you are in the US for other than a temporary purpose and intend to become a citizen or permanent resident)
£ If you have only a Notice of Approval to Apply for Permanent Residence (I-171 or I-464), you are NOT eligible for federal student aid.
£ If you’re in the US on certain visas, including an F1 or F2 student visa, or a J1 or J2 exchange visitor visa, you’re NOT eligible for federal student aid.
Hello, Bradley-
Sorry that I did not receive your first message. Perhaps it was lost when my new computer was being installed last month.
I am attaching instructions for the financial aid process. Let me know if you have any further questions on the application process.
Most students utilize the Direct Loan program and either make monthly payments for the remaining balance, or borrow additional funds from the state of New Jersey. The attached instructions contain the NJClass loan information as well.
Thank you for your interest in the Eastern School and please join us for an Open House on Saturday, 5/19/12 or 6/23/12 from 1:00 pm to 3:00 pm.
Please visit our website for further information on our school.
Have a great day,
Jennifer Coppola
Bursar
Suggested Reading for Prospective Students
The Web That Has No Weaver; Ted J. Kaptchuk.
The Yellow Emperor’s Classic of Medicine; Maoshing Ni.
M
Between Heaven and Earth, A Guide to Chinese Medicine; Harriet Beinfield,
Efrem Korngold.
Dear Bradley,
Thank you for your email. I have received your application, application fee, three letters of recommendation, your personal essay and transcripts from Elizabethtown College, Maywood University and Penn State. Your application is completed and your transcript evaluation is as follows:
You have completed 3 credits of a bioscience in General Psychology to be applied to your entrance credits. You will need to complete 4 credits in Biology and 8 credits in Anatomy & Physiology by the end of your first year of acupuncture studies. You may take these courses at Eastern if you choose.
You application is currently being processed and I will be contacting you soon.
Please let me know if you have any questions. Also, if you are going to apply for financial aid you should do so at this time.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
Dear Bradley,
The 4 credit Biology is no longer a pre-requisite, but must be taken during year one of the program either at Eastern or at a post-secondary school of your choice. Some students take the course prior to entering the program to lighten their first semester coursework. It is up to the individual student. Please let me know if you have any further questions.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
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Dear Bradley,
Thanks for your email. I have attached a FAQ sheet to this email with the housing website. I also have attached financial aid info to this email. If you are going to apply for federal aid you should do so at this time. I am beginning the interview process for admissions next week. I have availability on Wednesday May 23 after 2:00pm, and Thursday 11:00-1:00 and 3:00-4:00. If any of these times are convenient for you please let me know, if not we can look at the following week. If accepted into the program, you will be contacted in mid-July to register for classes, work out your payment options and review the fall schedule.
In health,
Kelly Williams
Admissions Director/Co-School Director
Eastern School of Acupuncture
427 Bloomfield Ave
Suite 301
Montclair, NJ 07042
P:973-746-8717 x11
F:973-746-8714
kwilliams@easternschool.com
www.easternschool.com
EDITED VERSION:
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Loan Interest Rate and Fees – NJCLASS for Graduate and Professional Students
Your starting interest rate will be between
Your Starting Interest Rate (Upon Approval)
NJCLASS offers a FIXED interest rate. Different repayment options offer
different interest rates. Unlike other lenders, NJCLASS does not
determine your interest rate by your creditworthiness or presence of a
cosigner. NJCLASS interest rates are based on the costs of capital and
administration of the loan program only.
Your Interest Rate During The Life Of The Loan
NJCLASS reduces the interest rate during school and for the first 48
monthly payments of principal and interest. This reduction assists
borrowers in repaying more principal during these early months when
the loan balance is highest. The result is a lower overall cost to the
borrower. In the 49
th
month of principal and interest repayment, your
interest rate increases by 0.75% and stays at that rate for the remainder
of the loan.
7.35% And
7.65%
Your interest rate will be determined upon the
repayment option you select.
Loan Fees
Your interest rate is fixed, and will not vary other than the single
adjustment described above; unless you default on your loan.
The only fee that we charge to make this loan is the Loan Administration Fee of 2% of the approved loan amount. This fee is deducted
from the loan prior to disbursement. Although HESAA does not currently charge these fees, HESAA reserves the right to charge a late fee
of up to 6% of the payment amount and a customary handling charge for returned payments.
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon when you start to repay it and how long it takes to pay the loan
in full. These examples provide estimates based upon the repayment options available to you at the time of application.
June 2011 - June 2012 - The examples below are for loans currently being processed and disbursed.
Repayment Option
(while enrolled in school)
Amount Provided
(amount disbursed directly
to you or your school)
Fixed
Interest Rate
Loan Term
(how long you have
to pay off the loan)
Total Paid
(includes Loan Fee)
Monthly principal and interest
payments – Begin repayment
within 60 days after the first
disbursement.
$10,000 7.35%/8.10%
25 years
Starting at the date
of 1
st
disbursement
$23,012.99
Monthly interest-only payments –
Defer principal, and pay only the
interest that accrues while in
deferment.
$10,000 7.35%/8.10%
25 years
Starting at the date
of 1
st
disbursement
$23,232.10
Defer all payments while in
school– Accrued interest will be
capitalized, if not paid, annually.
$10,000 7.65%/8.40%
25 years
Starting at the date
of 1
st
disbursement
$24,948.31
Year 1 Post-secondary options:
www.montclair.edu
Journal of Chinese Medicine 100010156.
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