Full Version: Advice Needed For Past Due Tuition
Any advice on how to handle a collection on a past due tuition bill. Collection agency is demanding payment in full for double the amount of the original tuition. The original bill was $2400 and they are demanding $4800. I could pay the original tuition, but I just don't have the full amount. Does anyone have any advice on how to proceed? I have had no contact with the CA and don't know what or how to communicate with them. Thanks for any advice.
Bump. Does anyone have an answer to this? I am facing a similar problem with Credit Agency over unpaid tuition. Want payment in full. If I could have paid it in full, I would have. I offered to make payments, but they said they'd need a financial statement. Is that necessary? What can I do? Can I call school back and offer to make payments to them?
QUOTE(1Zeta1 @ Jan 2 2007, 03:27 PM) 
Bump. Does anyone have an answer to this? I am facing a similar problem with Credit Agency over unpaid tuition. Want payment in full. If I could have paid it in full, I would have. I offered to make payments, but they said they'd need a financial statement. Is that necessary? What can I do? Can I call school back and offer to make payments to them?
Is this simple tuition, or a Federal grant they found you ineligible for after you recieved the money?
Hi,
I have the same problem. I have completed my graduation requirement but they (university) would not release my records or give me my degree.
Instead of dealing with the collection agency ..... I am looking to call the school and give them a sob story. Unlike other types of debt .... I think the school is more likely to work with you than other creditors.
Write to academic advisers, school provost, dean, financial aid advisers .... give them all the sob story. The school wants you to be productive alum.
Now I just need to take my own advise and get to writing.
I have the same problem. I have completed my graduation requirement but they (university) would not release my records or give me my degree.
Instead of dealing with the collection agency ..... I am looking to call the school and give them a sob story. Unlike other types of debt .... I think the school is more likely to work with you than other creditors.
Write to academic advisers, school provost, dean, financial aid advisers .... give them all the sob story. The school wants you to be productive alum.
Now I just need to take my own advise and get to writing.
QUOTE(FunkSoulBr @ Jan 8 2007, 07:59 PM)
Hi,
I have the same problem. I have completed my graduation requirement but they (university) would not release my records or give me my degree.
Instead of dealing with the collection agency ..... I am looking to call the school and give them a sob story. Unlike other types of debt .... I think the school is more likely to work with you than other creditors.
Write to academic advisers, school provost, dean, financial aid advisers .... give them all the sob story. The school wants you to be productive alum.
Now I just need to take my own advise and get to writing.
I have the same problem. I have completed my graduation requirement but they (university) would not release my records or give me my degree.
Instead of dealing with the collection agency ..... I am looking to call the school and give them a sob story. Unlike other types of debt .... I think the school is more likely to work with you than other creditors.
Write to academic advisers, school provost, dean, financial aid advisers .... give them all the sob story. The school wants you to be productive alum.
Now I just need to take my own advise and get to writing.
Sure they want you to be productive alum, but they also want their money. If they don't withhold your degree, the motivation for paying them goes way down. I'm not saying you won't pay them, but that's their line of thought. I owe my old university some money that I'm paying back this spring when I get my tax refund. Sure, I could try a sob story.....but when I enrolled, I knew that they would hold my transcripts if I owed them anything. Why would I think that my sob story is more important than anyone else's? They've probably heard it all and wouldn't believe a word of it anyways.
Sob stories don't work.....they have heard them all. Unfortunately in the past students told sob stories, got their transcripts and disappeared. My old office mate from the University of Minnesota is in charge of tuition collection accounts, and she assures me that they don't buy any sob stories anymore.....they have taken a loss too many times for trusting students.
When the school assigns you to a CA, the CA is generally under contract. They get paid to collect for a certain length of time, usually a year at a shot. The school agrees not to get involved. If the school accepts a settlement, they still have to pay the CA full fees....thus the school would take a loss. So they hold transcripts as collateral. If it is a public or state school, they will submit the debt for state tax offset.
When the school assigns you to a CA, the CA is generally under contract. They get paid to collect for a certain length of time, usually a year at a shot. The school agrees not to get involved. If the school accepts a settlement, they still have to pay the CA full fees....thus the school would take a loss. So they hold transcripts as collateral. If it is a public or state school, they will submit the debt for state tax offset.
QUOTE(LynnInMN @ Jan 8 2007, 11:19 PM)
Sob stories don't work.....they have heard them all. Unfortunately in the past students told sob stories, got their transcripts and disappeared. My old office mate from the University of Minnesota is in charge of tuition collection accounts, and she assures me that they don't buy any sob stories anymore.....they have taken a loss too many times for trusting students.
When the school assigns you to a CA, the CA is generally under contract. They get paid to collect for a certain length of time, usually a year at a shot. The school agrees not to get involved. If the school accepts a settlement, they still have to pay the CA full fees....thus the school would take a loss. So they hold transcripts as collateral. If it is a public or state school, they will submit the debt for state tax offset.
When the school assigns you to a CA, the CA is generally under contract. They get paid to collect for a certain length of time, usually a year at a shot. The school agrees not to get involved. If the school accepts a settlement, they still have to pay the CA full fees....thus the school would take a loss. So they hold transcripts as collateral. If it is a public or state school, they will submit the debt for state tax offset.
Hi,
Lynn, I am in MN as well and this is a UofMN past due. I am not interested in getting my transcripts released without making payment based on a sob story. The goal is to get a reduced settlement. I truly did run into hard times with a short string of Depression. I am not totally out of the loop yet but making progress. I want to come to a settlement with the University. I absolutely do not want to deal with a CA. I have refused to answer any calls from the CA.
Based on the info you provided, I think if I could just figure out when the contract with the CA expires, I can then deal directly with the U.
Hmmmmm,
Lynn ... reading your post again .. (former officemate ... in charge??) ..... You interested in brokering a deal here?? U wants their money, I want to pay a slightly reduced amount (total bill minus lates and CA). What do you think?
Lynn ... reading your post again .. (former officemate ... in charge??) ..... You interested in brokering a deal here?? U wants their money, I want to pay a slightly reduced amount (total bill minus lates and CA). What do you think?
QUOTE(FunkSoulBr @ Jan 19 2007, 11:11 AM)
QUOTE(LynnInMN @ Jan 8 2007, 11:19 PM)
Sob stories don't work.....they have heard them all. Unfortunately in the past students told sob stories, got their transcripts and disappeared. My old office mate from the University of Minnesota is in charge of tuition collection accounts, and she assures me that they don't buy any sob stories anymore.....they have taken a loss too many times for trusting students.
When the school assigns you to a CA, the CA is generally under contract. They get paid to collect for a certain length of time, usually a year at a shot. The school agrees not to get involved. If the school accepts a settlement, they still have to pay the CA full fees....thus the school would take a loss. So they hold transcripts as collateral. If it is a public or state school, they will submit the debt for state tax offset.
Hi,
Lynn, I am in MN as well and this is a UofMN past due. I am not interested in getting my transcripts released without making payment based on a sob story. The goal is to get a reduced settlement. I truly did run into hard times with a short string of Depression. I am not totally out of the loop yet but making progress. I want to come to a settlement with the University. I absolutely do not want to deal with a CA. I have refused to answer any calls from the CA.
Based on the info you provided, I think if I could just figure out when the contract with the CA expires, I can then deal directly with the U.
Hate to tell you but they CA shuffle. They basically go from one agency to another without actually going back into the Universitys collection que. I just IM'd my friend and they use 6 agencies and they basically get them back and put out again on the same day. They are basically already assigned to the new CA immediately.
She did tell me that CA's can settle off on a portion of the collection fees. Also keep in mind you probably have late fees already applied to the account on top of tuition before the collection fees were applied. But as a rule, once you are in the CA collection stream, you have to deal with the CA.
[/quote]
Hate to tell you but they CA shuffle. They basically go from one agency to another without actually going back into the Universitys collection que. I just IM'd my friend and they use 6 agencies and they basically get them back and put out again on the same day. They are basically already assigned to the new CA immediately.
She did tell me that CA's can settle off on a portion of the collection fees. Also keep in mind you probably have late fees already applied to the account on top of tuition before the collection fees were applied. But as a rule, once you are in the CA collection stream, you have to deal with the CA.
[/quote]
Hi,
Sorry it took too long to respond. I am currently working 3 jobs to keep my head above water. This is one mess I need to take care of before it get even worse. I am not trying to be a hard ass but you can see where I insist that there is still a chance the U to work with me. I don't want payment plans. I want to pay it off at once, But I don't want to pay the almost $1000.00 CA fee and can't afford to anyway.
They get them back and put it out again the same day. NO PROBLEMO!! There is no reason why I can't find a way to pay the balance off with Bank Note the same day that it comes back to them and before it goes to another agency. The whole balance here is under $4000 and $1000 of that is CA Fee.
I need to get out of the CA pool for Just enough time to pay this off. There has got to be a way.
Hate to tell you but they CA shuffle. They basically go from one agency to another without actually going back into the Universitys collection que. I just IM'd my friend and they use 6 agencies and they basically get them back and put out again on the same day. They are basically already assigned to the new CA immediately.
She did tell me that CA's can settle off on a portion of the collection fees. Also keep in mind you probably have late fees already applied to the account on top of tuition before the collection fees were applied. But as a rule, once you are in the CA collection stream, you have to deal with the CA.
[/quote]
Hi,
Sorry it took too long to respond. I am currently working 3 jobs to keep my head above water. This is one mess I need to take care of before it get even worse. I am not trying to be a hard ass but you can see where I insist that there is still a chance the U to work with me. I don't want payment plans. I want to pay it off at once, But I don't want to pay the almost $1000.00 CA fee and can't afford to anyway.
They get them back and put it out again the same day. NO PROBLEMO!! There is no reason why I can't find a way to pay the balance off with Bank Note the same day that it comes back to them and before it goes to another agency. The whole balance here is under $4000 and $1000 of that is CA Fee.
I need to get out of the CA pool for Just enough time to pay this off. There has got to be a way.
You are not reading what I wrote...it doesnt come out of the collection pool. It is never assigned back to an in house collector. When it is pulled from one agency, it basically transfers to the other agency same day.
I understood ..... I think.
The list of accts. not paid off comes back to the U and they send it to another collector.
They should be able to get back 15 accts not collectable from agency A and send them right back to Agency B with only 14 names.
Example: I find out that the acct. contract ends 4/6/07 and they are going to send it to agency B. I can still pay it all off at the University with bank note on 4/7/07 AM. By the time Agency B gets a chance to review what they have and make contact, it's already paid.
Plus, every new agency has to do the 30 day notice period. I can DV at that time.
I don't think I am crazy.
The list of accts. not paid off comes back to the U and they send it to another collector.
They should be able to get back 15 accts not collectable from agency A and send them right back to Agency B with only 14 names.
Example: I find out that the acct. contract ends 4/6/07 and they are going to send it to agency B. I can still pay it all off at the University with bank note on 4/7/07 AM. By the time Agency B gets a chance to review what they have and make contact, it's already paid.
Plus, every new agency has to do the 30 day notice period. I can DV at that time.
I don't think I am crazy.
QUOTE(FunkSoulBr @ Jan 25 2007, 05:06 PM)
I understood ..... I think.
The list of accts. not paid off comes back to the U and they send it to another collector.
Not really. They are in a CA que. They are not assigned to or back to an inhouse collector. Once in the CA que, they stay in the CA que.
They should be able to get back 15 accts not collectable from agency A and send them right back to Agency B with only 14 names.
Nope. Accounts paid off are already closed. They are closed in bulk at CA A and transfer to CA B on the same day. If a borrower calls in at noon, they would be referred to the new agency, even if that agency has not physically uploaded the account.
Example: I find out that the acct. contract ends 4/6/07 and they are going to send it to agency B. I can still pay it all off at the University with bank note on 4/7/07 AM. By the time Agency B gets a chance to review what they have and make contact, it's already paid.
Nope...doesnt work that way.
\
Plus, every new agency has to do the 30 day notice period. I can DV at that time.
DV doesnt mean squat. Won't change the CA status...CA calls the U, U pulls copy of student account and faxes it over to the CA.
Also, you need to be aware that collection fees go up the longer the account is in default. 1st placement is 33%, 2nd 35% and 3rd and above placement could go as high as 45%.
I don't think I am crazy.
The list of accts. not paid off comes back to the U and they send it to another collector.
Not really. They are in a CA que. They are not assigned to or back to an inhouse collector. Once in the CA que, they stay in the CA que.
They should be able to get back 15 accts not collectable from agency A and send them right back to Agency B with only 14 names.
Nope. Accounts paid off are already closed. They are closed in bulk at CA A and transfer to CA B on the same day. If a borrower calls in at noon, they would be referred to the new agency, even if that agency has not physically uploaded the account.
Example: I find out that the acct. contract ends 4/6/07 and they are going to send it to agency B. I can still pay it all off at the University with bank note on 4/7/07 AM. By the time Agency B gets a chance to review what they have and make contact, it's already paid.
Nope...doesnt work that way.
\
Plus, every new agency has to do the 30 day notice period. I can DV at that time.
DV doesnt mean squat. Won't change the CA status...CA calls the U, U pulls copy of student account and faxes it over to the CA.
Also, you need to be aware that collection fees go up the longer the account is in default. 1st placement is 33%, 2nd 35% and 3rd and above placement could go as high as 45%.
I don't think I am crazy.
Hi Lynn,
You have provided VERY good info here. It's good to know exactly what I am up against. It doesn't look too good based on the info you have provided. However ...... I don't give up easy.
I believe you have provided all the most basic and general info that I need to know.
It appears harder than I previously imagined but probably NOT impossible. THERE has got to be a way to pull this out of CA at the end of one contract without causing any problems for the U. It's just a matter of willingness to do it. What if I could get a BIG name at the U to speak on my behalf?? I have another job interview on Tuesday ... Degree required and I am not sure how that is going to pan out.
Another option would be if the U doesn't mind to settle for less. Pay 50% of the current balance to CA and consider it done. But I don't think they would go for that.
Thanks for the Info anyhow. My original post in this thread was probably way off.
This is just depressing.
You have provided VERY good info here. It's good to know exactly what I am up against. It doesn't look too good based on the info you have provided. However ...... I don't give up easy.
I believe you have provided all the most basic and general info that I need to know.
It appears harder than I previously imagined but probably NOT impossible. THERE has got to be a way to pull this out of CA at the end of one contract without causing any problems for the U. It's just a matter of willingness to do it. What if I could get a BIG name at the U to speak on my behalf?? I have another job interview on Tuesday ... Degree required and I am not sure how that is going to pan out.
Another option would be if the U doesn't mind to settle for less. Pay 50% of the current balance to CA and consider it done. But I don't think they would go for that.
Thanks for the Info anyhow. My original post in this thread was probably way off.
This is just depressing.
Bump
I have just had this situation happen. My credit score are just starting to come back up over 600 and I hate this.
I owe Texas State University 900, but when I went online they added 838 to the balance. If I had 1638, I could pay. I have pad $100 already. It is not in collections yet, but they told me that if I did not pay it in January that it would go to collections. I was going to pay the original amount on the 16th, but I can't pay the whole thing now.
Does anyone know if this will get reported to all 3 CRAs? I am going to call Monday and see what I can do, but it doesn't look good. Any new info since this thread has been created?
I have just had this situation happen. My credit score are just starting to come back up over 600 and I hate this.
I owe Texas State University 900, but when I went online they added 838 to the balance. If I had 1638, I could pay. I have pad $100 already. It is not in collections yet, but they told me that if I did not pay it in January that it would go to collections. I was going to pay the original amount on the 16th, but I can't pay the whole thing now.
Does anyone know if this will get reported to all 3 CRAs? I am going to call Monday and see what I can do, but it doesn't look good. Any new info since this thread has been created?
QUOTE (LoveToGod @ Jan 5 2009, 12:25 AM)
Bump
I have just had this situation happen. My credit score are just starting to come back up over 600 and I hate this.
I owe Texas State University 900, but when I went online they added 838 to the balance.
Perkins loan or tuition account? If perkins, would be interest and mandatory collection fees. Interest would still be accruing daily.
If I had 1638, I could pay. I have pad $100 already. It is not in collections yet, but they told me that if I did not pay it in January that it would go to collections. I was going to pay the original amount on the 16th, but I can't pay the whole thing now.
Does anyone know if this will get reported to all 3 CRAs? I am going to call Monday and see what I can do, but it doesn't look good. Any new info since this thread has been created?
I have just had this situation happen. My credit score are just starting to come back up over 600 and I hate this.
I owe Texas State University 900, but when I went online they added 838 to the balance.
Perkins loan or tuition account? If perkins, would be interest and mandatory collection fees. Interest would still be accruing daily.
If I had 1638, I could pay. I have pad $100 already. It is not in collections yet, but they told me that if I did not pay it in January that it would go to collections. I was going to pay the original amount on the 16th, but I can't pay the whole thing now.
Does anyone know if this will get reported to all 3 CRAs? I am going to call Monday and see what I can do, but it doesn't look good. Any new info since this thread has been created?
Hard to say who it will report to. If it is a perkins loan, it is mandatory that the school report to at least on CR at least quarterly.
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