Owe money for 1/4 of a semester?

[nreyes]

I attended a University in the fall of 2005. I returned home after about a month due to financial problems. I was under the impression a federal loan would pay for the remaining balance on teh account, as i paid about 2,200 out of pocket to the school. I started gettin letters saying I owe $4,000, to which the debt is now $3,000. Is this just the balance that was accumlated by me being present for that month or was I unfairly charged. I was always under the this was correct but lately my peers have been convincing me this was a faulty charge..All help Appreciated

[hardpull]

Are you sure you didn't default on a Perkins loan serviced by the institution?

 

Do you have any loans listed on NSLDS?

 

http://www.nslds.ed.gov/nslds_SA/

Edited April 3, 2008 by hardpull

[dst1]

I attended a University in the fall of 2005. I returned home after about a month due to financial problems. I was under the impression a federal loan would pay for the remaining balance on teh account, as i paid about 2,200 out of pocket to the school. I started gettin letters saying I owe $4,000, to which the debt is now $3,000. Is this just the balance that was accumlated by me being present for that month or was I unfairly charged. I was always under the this was correct but lately my peers have been convincing me this was a faulty charge..All help Appreciated

 

Call "Account Receivable" and ask them to explain the bill to you. There is no way we can guess on-line. You might call your Financial Aid officer with any additional questions.

 

Also, "about a month" doesn't say much. Most schools have drop-out dates (some shorter, some longer than a month) by which a student is charged partial vs full tuition. One big mistake many freshman in your situation make is that they just leave and never officially withdraw. Some schools, I hate to say it, make official withdrawal a PITA on purpose so students won't do it. But the failure to officially withdraw creates all sorts of problems down the road because the university thinks you've been there the whole time when in fact you were not. If you officially withdraw, all sort of protections and notification requirements kick in. In fact, if I were in your shoes the very first thing I would do is call the Registrar and make sure they have a record of an official withdrawal from school.

Edited April 3, 2008 by dst1

[nreyes]

Hard pull: the only item that came up on there was a grant that a recieved for a comm coll.

 

 

 

DST: i withdrew fromally...i called before was was told these were tuiton balances so im guessin is fine..ill have to man up and pay

[collins135]

Hard pull: the only item that came up on there was a grant that a recieved for a comm coll.

 

 

 

DST: i withdrew fromally...i called before was was told these were tuiton balances so im guessin is fine..ill have to man up and pay

 

Dont just "man up and pay".

Ask for an account ledger, get your questions answerd. Make sure that everything will be fine and taken care of when you are done.

 

The one thing I learned about colleges and paperwork, is to triple check EVERYTHING!!!

 

Make sure of the charges, read your handbook about the charges, make sure that you have an agreed on number that once paid off settles the account.

 

Personally, I think writing works best as it creates a paper trail.

 

Trust me, I have had colleges come back and bite my bootay because of some little error and most of it was on their part.

[LynnInMN]

I attended a University in the fall of 2005. I returned home after about a month due to financial problems. I was under the impression a federal loan would pay for the remaining balance on teh account, as i paid about 2,200 out of pocket to the school. I started gettin letters saying I owe $4,000, to which the debt is now $3,000. Is this just the balance that was accumlated by me being present for that month or was I unfairly charged. I was always under the this was correct but lately my peers have been convincing me this was a faulty charge..All help Appreciated

 

It sounds like your loan was pulled back because you had not been in attendance long enough. At the same time, depending on the drop dates at your school, you could end up owing the full tuition. Check the schools website for the drop dates and refund policy.