School messed up my federal loan!!!!!!!!!!!!!!!!!!!!

[Melanie1978]

I started my third degree in January 2005. I was offered 13,864 dollars. But I only acceopted 6,864. However, when it was reported to the national student loan database it was reported as the full 13,864. Now I noticed this last year and told the school that it was reported wroing and of course I got the run arouns. No one knew what to do. The lender blamed them they blamed the lender. anyways so finally one of the financial aid people said they would fix it. So I left it alone.

 

Guess what It never got fixed. Now I am being denied my loan for this year. Now I still have a little left, not a lot but a little. Enough to get me through this year anyway. But this error has really messed everything up for me. ANd the financial aid office told me I should go ahead and try getting a private student loan. WHY should I they MESSED it up!!!!!!!!!!!!!!!!!!

 

I am really mad because no seems to be able to help me or advice me as to what I should do. I called the lender who can see that they only gave me 6864. I called the DOE, no one has any clue as to what I should do there. The financial aid officer said she does not know when she will know anything.

[TxQuiltGirl]

Did you sign anything saying you accepted only the lower amount? This is odd .. usually they return the excess money to the lender ...

[Melanie1978]

Did you sign anything saying you accepted only the lower amount? This is odd .. usually they return the excess money to the lender ...

 

 

Both the lender and school show that I accepted and was disbursted the lower amount. As of yesterday nothing has been updated or corrected yet. I really do not want to have to withdrawal this semester. I am not going to be able to get a private loan either.

[grammers]

Talk to the onbudsman's office - if they are saying you are ineligible for additional loans this year because you've already borrowed the max, then maybe you can send them the paperwork that clearly shows you did not accept the full amount offered last year.

 

I would also contact the highest-ranking person at the lender (if it's a corp, the CEO; if it's DOE, I don't know who, but I'd find out!) and explain what seems to have happened (and include a copy of the paperwork you have) and ask for assistance in getting this straightened out.

 

Good Luck!!