Letter says the college sent back the student loan money! HELP!!

  1. OMG, what am I going to do? I don't know why or what is going on but I am in a panic. I am going to TRY to call the financial aid office tomorrow (I have to work, but I will try to sneak in a phone call) otherwise, I will have a lot of trouble getting through because of the holidays.
    Anyway, I don't know why but I got a letter today stating that my school has sent back the loan money. I have been accepted to the program and have my award letter and have filled out all the necessary paperwork. The money has been at the school for a couple months now, just waiting for me to start. I am supposed to start in January, and here it is the week before xmas and for some reason the school sent it back. Does anyone have any idea why this could have happened....???? I am so scared that I'm not really going to get to do this (go back to school for my bsn--been dreaming of it for the last 13 years!!) that I am thinking the worst. I have been planning and planning and working so hard to get all my pre req's done, and now they are and it is time to start the bsn program. What could have happened? Any ideas?
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  2. 10 Comments

  3. by   ashemson
    I don't really know, but did you apply using the FAFSA online? If so, you can go to their website and get their 800 #. Call them and ask them. At my school, I get a letter when my aid arrives and I have to sign papers that I accept the loans, and then they cut me a check. Maybe they didn't hear from you in time? But they should be able to get confirmation from the student loan people and just reissue the money. Don't worry. I am sure it will get straightened out. I think when I applied for the loans and grants, I do it a year in advance. So it is in my "account" from the government, I just have to confirm that I want it for that particular semester.
  4. by   canoehead
    they sent back the check????

    Bizarre. I don't know how to fix this, but I must say no school I ever went to would do that. They'd find some way to cash it, even if you weren't a registered student, and then make it your problem to get the $$ back.
  5. by   emily_mom
    They can get your money back in less than a week once whatever is wrong is fixed. Call the financial aid office first; they will know why it was sent back. Maybe there was something not signed or maybe it was just a fluke. They will help you make it right and get it back. The govt./loan companies EFT the money to the school and can get it there ASAP. I had a problem my first semester, and it was fixed and $$$ was in my hands in 4 days.

    Good luck!!!!

    Kristy
  6. by   colleen10
    Please don't worry too much about this just yet. It is yet another proverbial "Hoop to jump through". More of a pain in the bum than anything.

    I'd be willing to bet like other posters that something didn't get signed within a certain time frame and so the money was sent back. Especially if you have been planning for this for a while and had acceptance of your money a while ago.

    In my experience my school wasn't too swift on letting me know what needed signed and when. After I had allready started school and thought that all my financial bases were covered I found out that my school was about to take away all the money I had been given through loans because I had to sign a couple more papers and watch a video on the importance of paying the loan back after I graduated. The only attempt the school made to let me know of this was about a week before the money was going to be taken away and they only called my dad's home and left a message, they never tried to reach me, the one actually living at campus.

    So, don't worry just yet, these things are usually easily corrected. It's just a matter of getting to the bottom of why it happened and getting in touch with the right person who can get you the money back.

    Take care and good luck!
    Col
  7. by   essarge
    I have had MANY bad experiences with financial aid at my school. This is the "formula" that I follow, hope it helps.

    1. Call your financial aid advisor (do not talk to a student or leave a message!). If you do not talk to them within 24 hours, call the head of financial aid.

    2. If the problem is again not resolved call the supervisor of finances at the school and tell them the problem. If the problem is not resolved there, call the U.S. Department of Education Regional Manager for your area.

    I can guarantee that if you end up with the Dept. of Education Regional Manager, the problem will be resolved! Schools DO NOT want the Dept of Ed breathing down their necks or in their books scrutinizing what they do!!

    Good Luck!!
  8. by   fourbirds4me
    My guess is that was the loan money for the fall semester... and since you didn't go during the fall that check is being returned... Because financial aid is based on enrollment. I'm sure everything will be fine for spring.
  9. by   Gator,SN
    I was going to guess the exact same thing as fourbirds4me. Call and ask. You probably have an award letter that is split into Fall and spring semesters. If you don;t use it you lose it, but you should have the same award for Spring.

    GOOD LUCK!
    Gator
  10. by   LPNtoBSNstudent
    Yes ! That is exactly what it was. It was the loan monies for the fall semester and since I am not starting there until spring, they sent it back! The spring money is waiting up there for me, thank goodness!
    Thanks everyone for your help!!
  11. by   fourbirds4me
    Glad you got it all straightened out!
  12. by   hafsa44
    I don't understand why your money was sent back. But I do know that if you recieve a federal stafford loan from the government and when the checks reach your school you have a certain amount of time to sign the checks and if you do not sign the checks they have to send them back. If you call them they will tell you the reason they were sent back.

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