Hi, I'm hoping someone can explain this whole loan process for me. I'm venting and don't know what to do with this. Enrolled in Star Technical Inst. back in 96, left after 4 months due to pregnacy complications and cause the school sucked period. Teacher was always late or never showed up at all, didn't even have a teacher for 2 weeks while waiting for new one. Waste of time! Anyway made payments up till 98' bacame totally disabled in '99, told someone over the phone that I was and can give prove, didn't matter to her but never received another bill. 2000 had tax return taken for 2993.00, 2001 took another 49.00. After '98 never received anything from them, not even warning of taken my refund which at the time was very much needed due to disabilty. 5/01 received paper for Direct Loans that there was an over payment, due a refund, I called to find out if they finally got info on disability and if that was the refund, was told no and not sure of refund amount. Called again on 4/02 after reports showing lates and 2500.00 balance still owed, I did request investigation through CRA. Called again today to tell them I have yet to receive outcome for discharge of loan. Then I found paperwork for one subsidized for 2625.00 and another for unsubsidized for 1019.00. I called DL to ask why 2 different loans, was told by superviser that the one for 1019.00 was never processed. ???? I decided to call the school headquarters because the school was closed after I left and is now called Harrison something but answer the phone as Asset Acceptance? isn't that a CA?? Anyway they show a balance owed of 3644.00. ???? 1. Doesn't the school get paid soon after enrollment? 2. Can someone explain to me what is exactly disbursment is? For the 2625.00 loan it shows a disbursment of 1313.00 THe 1019.00 loan shows 510.00 disbursment. Why would it be split like that and to who? the school? 3. Who should I write to complain about this? I have gotten nothing accomplished from the school and Dl. Sorry for silly questions but don't understand nor who to complain to about it. The school was no help said I still owe 3644. and DL superviser was no help. I have been trying to get this so called refund for a year and the loan dicharged due to disability for over 3 years. Really not happy about paying that much money for something I didn't even receive. Out of 4 months I attended the teacher was there about 2 months out of that time. Really!!! lol Momof5
call dept of education and get info on the status of your loans. if the school defrauded you and you can prove it you don't have to pay the.
I'm lost! lol The loans are fully paid now due to taking my tax refunds, sorry not sure what you mean by status. I will call and ask just that though and see what they say, lol Thank You
Disbursement is the amount actually given out. So, if I asked for a student loan of $1000 and was disbursed $500, that means that the school gave me a check for $500. The math is looking a little fuzzy to me but it sounds like they owe you alot of cash. Did you ever get any money back from the school? You definitely need to talk to the dept of ed. right away about this.
Milkmom, thank you and no I never received any money or checks from them, only had money taken lol I tried speaking with someone at dept of ed but they keep telling me that my info is no longer with them and to call the collection dept for debt of ed. Infact the lady who I spoke with first told me I should have received those disburement funds, but supervisor then got on and said no it was given to the school, I do not get any funds at all. I thought that was strange to because I have been doing alot of reading and thought I read that disbursement was to go to student. At this point I'm thinking about writing to Sen. Biden to get help because I'm being told that I still owe the school. So I assuming what they are doing is total b/s right? lol I don't even remember given paperwork about enrolling, yes i did sign but never received anything from the school except a hand book. Has anyone had problems like this and please tell me how you went about getting it corrected and who you spoke to. Thanks in advance. Milkmom thanks again and will try to speak to someone at Debt of Ed again maybe they will get tired of me lol if not I will call every number on my paper work from them. lol uniondiva, can you please explain "status of the loan" thanks momof5
Call them back and tell them that you want to make a complaint against that school. Include the name that they have now. I got results when my college started to play games with my funds because they installed a new system at the beginning of fall semester and fouled up everyone's accounts. It was a mess. I called and made a complaint and within a week, I had what I needed and they said they would sort out the problems later.
