I attended a state school off and on for 10 years. I was careless about taking out student loans (I would take max even though I only needed half). In the fall of 2002 I took out a loan for the fall and spring. I never attended in the spring. I just assumed that they never received disbursement for the loan. I am now attending a local CC and I really love it. I am very close to my limits for loans so I was looking on Sallie Mae's website and it shows that they made a disbursement for the spring semester and that I am responsible for it (it was for 5000.00). I contacted Sallie Mae and they said that they definitely made the disbursement. I spoke to the school on at least 3 different occasions and each time they said that they never received the money. Finally I spoke to someone in the financial aid office who said that I need to speak to the bursar. I wish they had told me this 3 weeks earlier. In the meantime I had written a letter to the dean of students who forwarded the letter to someone who could handle it. It turns out that they have been holding onto this money for over a year. I really do not why they just didnt send back the money. They said that they will start the procedure to send back the money. They said it takes about 3 weeks. It has been almost 2 months and Sallie Mae still hasn't received the money back. I was just notified by the CC that I cannot take any loans out due to the fact that I reached my limits.
My question is - what should I say to these morons at the state school to get them to return the money. I left a message today and they never got back to me (big surprise - not). I am thinking about writing a letter to the President of the college to put pressure on them.
I cannot believe that I have been paying interest on money that has been sitting at that dump they call a school. If they do not return that money soon I won't be able to pay for the Fall semester and I will be screwed, blued and tattooed
Thanks - Tracy