I need advice badly: Default

[Honeyb2fly]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

[LynnInMN]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

If you are getting a letter from the University, you owe them not Sallie Mae. If the school returned your loans, your tuition balance for the first semester would now be on your student account. How were you able to register?? Your student account will have to be paid in full in order to graduate.

[Honeyb2fly]

Actually, yes the letter was from teh school, but those were the stipulations that were in the letter. Nothing was put back on my student account. And no, you do not have to be paid in full in order to graduate. Obtaining your diploma and transcripts is a different story though.

[Honeyb2fly]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

 

Just wanted to update everybody, I called Sallie Mae and the bank orginator and both said that nothing was due, that everything was still in deferrment. Thank you God.

[angeleyeskkhr]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

 

Just wanted to update everybody, I called Sallie Mae and the bank orginator and both said that nothing was due, that everything was still in deferrment. Thank you God.

 

 

I would go to your Financial Aid office and ask THEM what's going on. More likely than not, you owe your school as Lynn said. They wouldn't send you a notice just for the fun of it. Is there anyway to check what you owe online (for instance my school website has a "what I owe" page we can access)?

 

That's weird though that you were able to register. At my college you're not even able to register if you have unpaid parking tickets

[Honeyb2fly]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

 

Just wanted to update everybody, I called Sallie Mae and the bank orginator and both said that nothing was due, that everything was still in deferrment. Thank you God.

 

 

I would go to your Financial Aid office and ask THEM what's going on. More likely than not, you owe your school as Lynn said. They wouldn't send you a notice just for the fun of it. Is there anyway to check what you owe online (for instance my school website has a "what I owe" page we can access)?

 

That's weird though that you were able to register. At my college you're not even able to register if you have unpaid parking tickets

 

 

I actually did that on Tuesday, they said I was out of my mind and what not and told me to call Sallie Mae back, so I did call Sallie Mae and they verified the information, saying that my loans are still in deferrment. Also, I went online to Sallie Mae.com and it basically said the same thing that the entire balance of my loans are in deferrment. Also, I checked my bursar account online and the loan balance isn't on there. I think what screwed it up was that I was scheduled to graduate in the fall by the financial aid records. But, looks like everything worked out.

[angeleyeskkhr]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

 

Just wanted to update everybody, I called Sallie Mae and the bank orginator and both said that nothing was due, that everything was still in deferrment. Thank you God.

 

 

I would go to your Financial Aid office and ask THEM what's going on. More likely than not, you owe your school as Lynn said. They wouldn't send you a notice just for the fun of it. Is there anyway to check what you owe online (for instance my school website has a "what I owe" page we can access)?

 

That's weird though that you were able to register. At my college you're not even able to register if you have unpaid parking tickets

 

 

I actually did that on Tuesday, they said I was out of my mind and what not and told me to call Sallie Mae back, so I did call Sallie Mae and they verified the information, saying that my loans are still in deferrment. Also, I went online to Sallie Mae.com and it basically said the same thing that the entire balance of my loans are in deferrment. Also, I checked my bursar account online and the loan balance isn't on there. I think what screwed it up was that I was scheduled to graduate in the fall by the financial aid records. But, looks like everything worked out.

 

 

OK, is there anyway that your FA for this semester also took care of the balance? Or was it just a system problem?

[Honeyb2fly]

Okay this is the dealio. Last semester, I was enrolled full time, but during the middle of the semester I basically had to drop out. I had four surgeries on my nose and throat and I just couldn't handle everything. Well, now I received a letter from the university saying that I will have to pay back the entire balance of the loan immediately. I guess, I withdrew before the 60% class requirements were met. Well, since my address wasn't updated in time, I am just now recieving the letter that was dated on teh 12th of Jan. At that time, when the letter was sent out, I wasn't enrolled in any courses, now I am enrolled full time and will be graduating. There is really no way I can pay back 5,000.00. I am going to call Sallie Mae first thing on Monday morning. My question is what am I going up against?? Thanks for your replies

 

 

Just wanted to update everybody, I called Sallie Mae and the bank orginator and both said that nothing was due, that everything was still in deferrment. Thank you God.

 

 

 

 

I would go to your Financial Aid office and ask THEM what's going on. More likely than not, you owe your school as Lynn said. They wouldn't send you a notice just for the fun of it. Is there anyway to check what you owe online (for instance my school website has a "what I owe" page we can access)?

 

That's weird though that you were able to register. At my college you're not even able to register if you have unpaid parking tickets

 

 

I actually did that on Tuesday, they said I was out of my mind and what not and told me to call Sallie Mae back, so I did call Sallie Mae and they verified the information, saying that my loans are still in deferrment. Also, I went online to Sallie Mae.com and it basically said the same thing that the entire balance of my loans are in deferrment. Also, I checked my bursar account online and the loan balance isn't on there. I think what screwed it up was that I was scheduled to graduate in the fall by the financial aid records. But, looks like everything worked out.

 

 

OK, is there anyway that your FA for this semester also took care of the balance? Or was it just a system problem?

 

Nope, because I was "supposed" to graduate last semester. ACtually, on Tuesday when I went to the Financial aid office, I had to fill out a "change of status" form. I also talked to one of the other counselors and she said that it should be fine. So we'll wait and see what else happens. I personally think it was a system problem.