I apperently bothced up my fin. aid for the last semester of college. When I graduated, the school also said I owed $4500 in costs. This was in December of 2000. Does anyone know the statute of limitations on this? I've been through to collection agencies who've stopped collecting since they saw I wasn't giving any of that post graduate salary up to them. If anybody a SOL guru, let me know. Oh, the school is in the state of Alabama.
What kind of loan is it? If it's federally backed, there is no SOL. Sooner or later they'll find you and get their money one way or another.
Hmmm... regardless of the purpose (tuition, books, living expenses, etc) the financial aid was either a loan or a grant. If it's a loan then it's either a Perkins loan, which is granted by the college with the partial guarantee of the government or it's a fully guaranteed loan (Stafford for example). If it's a grant, and you don't complete the course, then you would owe the money back. A grant generally comes from either the state, the federal government or the school itself. I guess you'd need to read the papers that gave the money to begin with. You could contact the financial aid office and I'm sure they could let you know the "rules". It would be a good start. Then you could look up the SOL once you know what document you signed to get the $$. I hope this helps get things started. Good luck.
It was not a loan, that's the thing. In my last semester, just before registering for my last classes, the school informed me that there would be no fin aid for the last semester, and that I was being billed for the 4K. The governement had nothing to do with this. This bill is directly from Auburn University, and nobody else. My student loan is a whole other package.
Check out Why Chats site for SOL for your state. I bellieve your situation would be a "reduced to writing" contract with applicable SOL. You might want to check out the Unis terms of admission regarding past due tuition and release of records, etc. They may not be able to confirm your graduation status if you have a balance with them. Most schools refuse to release records if you have a past due balance with the school. Could come back to bite you in the butt when you need them to verify your diploma for a job. You never know. 3day
I work for a university (not in financial aid dept.) but *HERE* if someone didn't pony up the cash for their tuition we'd just drop them from the class roster, they'd earn no credits... etc. We wouldn't allow them to continue attending class and later try to get $$. You might just anonymously call the cashier at the school involved and pose the question: "Hey, what happens if I enroll in a class, and then don't pay my tuition...ever." Also, checking the SOLs sounds like a great idea. You might want to get ahold of even a blank generic form that they have students sign and just read through the fine print to see what they have in store legally. Just a thought. Let us know how this turns out for you. Best of luck!
I work for a university (not in financial aid dept.) but *HERE* if someone didn't pony up the cash for their tuition we'd just drop them from the class roster, they'd earn no credits... etc. We wouldn't allow them to continue attending class and later try to get $$. You might just anonymously call the cashier at the school involved and pose the question: "Hey, what happens if I enroll in a class, and then don't pay my tuition...ever." Also, checking the SOLs sounds like a great idea. You might want to get ahold of even a blank generic form that they have students sign and just read through the fine print to see what they have in store legally. Just a thought. Let us know how this turns out for you. Best of luck!
I work for a university (not in financial aid dept.) but *HERE* if someone didn't pony up the cash for their tuition we'd just drop them from the class roster, they'd earn no credits... etc. We wouldn't allow them to continue attending class and later try to get $$. You might just anonymously call the cashier at the school involved and pose the question: "Hey, what happens if I enroll in a class, and then don't pay my tuition...ever." Also, checking the SOLs sounds like a great idea. You might want to get ahold of even a blank generic form that they have students sign and just read through the fine print to see what they have in store legally. Just a thought. Let us know how this turns out for you. Best of luck!
