Right when I thought things were coming together (RANT)

posted 2 years ago in Home
Post # 2
Member
716 posts
Busy bee

Why have you resigned yourself to the fact that it was a mistake?  Insist on it and fight for it, fight hard, make noise in front of everyone in your path until you get your money.

Post # 3
Member
157 posts
Blushing bee
  • Wedding: August 2016

Hi! I am so sorry to see that you are in this situation, but I am glad I clicked on your post as I work in the industry. I’m sure you already know this, but if you can avoid taking out Private loans, that is your best bet. They can really screw you over in the long run because you can’t negotiate with your Private sector servicer about amounts/interest rates, whereas Federal loans allow for a lot more flexibility in how much you can pay in the future due to the lender being the government.

Unfortunately, there isn’t much you can do through the school — once a loan has been disbursed, the money cannot be given back. A financial aid award is permanent and irreversible. In that case, if you can avoid taking out the maximum Federal amount and instead try to budget for the semester that is also good — and always use the refund (if you get one at the end of the semester) to pay your interest, don’t spend it if you can avoid it (sometimes you can’t avoid it, and it happens).

Sorry if I sound like a loan counselor, I just really want to help you out and see you come out of this on top. And, this isn’t an ad, go to this website: http://www.loanlook.com and register (I vouch with my heart and soul your information is safe with them). You can keep track of all your loans on one webpage instead of constantly having to check different servicer and lender pages, and it also comes with a budgeting tool. There are also real trained student loan counselors who can help you contact your servicers and give you information about payment plans. Any information collected about you is only used to pull up your student loan info from NSLDS (National Student Loan Data System).

I really hope this helps! Please feel free to PM me just to talk or if you want more info!!

Post # 5
Member
157 posts
Blushing bee
  • Wedding: August 2016

Yeah that is a really rough situation. I don’t want you to lose hope, but it is unlikely that your school or the OFA will be able to do anything. I had to deal with them when I was in college too and they are particularly unreceptive and unavailable during this time of year (moreso than usual). In addition, they can’t reverse anything at this point without admitting they screwed up — which is also unlikely. You may want to look into damage control as well as getting on them about this. I hope everything works out for you!

Post # 6
Member
499 posts
Helper bee
  • Wedding: September 2014

Print your emails, eslecally those with numbers.  Go to the college and say you need to speak with the head of fiancial aid.  Let them know you expect to have remidation for this or you will go to the feds who manage federal aid and have them audit.  Even if this counceller fixes it.

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