Can a school list a $480 loan twice, both under their name, once for the original loan and once for a collection. Heres an example: ABC SCHOOL STATUSAID/PAST DUE 180 DAYS ACCOUNT # 3841222..... $480.00 THEN AGAIN, ABC SCHOOL STATUS: PAID/COLLECTION ACCOUNT ACCOUNT # 412554315.... $480.00 This appears on my Experian report only. I have done research and I know that they are the same loan. Can they (the school),legally list it twice? As you may have noticed the account numbers are different but it is the same loan. Their collection department did the collecting it was not done by another company.