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  1. #1
    Join Date
    Dec 2012
    Posts
    2

    Question Disputing Student Loans Mishandled by School

    My question involves collection proceedings in the State of: Kansas. I finished school over a year ago in a barber college here in Kansas City. I had to apply for fafsa in order to help pay off tuition costs. I was told i would be borrowing around $7,800 and would be eligible for an $8,500 grant by the school financial aid counselor. The total cost for the course was $15,000, however when i graduated in march i received a letter from direct loans telling me that i had borrowed a total of $11,400 which needed to be payed back starting that june. I hadn't received any previous mail due to an issue with the post office, so when i finally got my online login information figured out, i was able to access a summary of my balance. I saw that the school had received $9,150 in grants and another $11,412 in direct loans for my course. I was wondering is there anyway i can dispute the excess that was received since the total cost of the tuition was supposed to be $15,000 and they received over $20,000? The school closed a few months after my graduation due to financial fraud, so i can't get in contact with anyone from the school. Any advice would be greatly appreciated, since i am looking to get a bachelors from a real college and am probably going to need financial aid once more in the near future. Thanks.

  2. #2
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Disputing Student Loans Mishandled by School

    Quote Quoting mrcruz
    View Post
    My question involves collection proceedings in the State of: Kansas. I finished school over a year ago in a barber college here in Kansas City. I had to apply for fafsa in order to help pay off tuition costs. I was told i would be borrowing around $7,800 and would be eligible for an $8,500 grant by the school financial aid counselor. The total cost for the course was $15,000, however when i graduated in march i received a letter from direct loans telling me that i had borrowed a total of $11,400 which needed to be payed back starting that june. I hadn't received any previous mail due to an issue with the post office, so when i finally got my online login information figured out, i was able to access a summary of my balance. I saw that the school had received $9,150 in grants and another $11,412 in direct loans for my course. I was wondering is there anyway i can dispute the excess that was received since the total cost of the tuition was supposed to be $15,000 and they received over $20,000? The school closed a few months after my graduation due to financial fraud, so i can't get in contact with anyone from the school. Any advice would be greatly appreciated, since i am looking to get a bachelors from a real college and am probably going to need financial aid once more in the near future. Thanks.
    The school closed due to financial fraud...you got caught up in the fraud. I suspect that you will have to pay back the entire 11412.00 and then your recourse would be to sue the school. Unfortunately, you probably are one of hundreds, and there is unlikely to be any money to collect a judgement against.

  3. #3
    Join Date
    Dec 2012
    Posts
    2

    Default Re: Disputing Student Loans Mishandled by School

    Quote Quoting llworking
    View Post
    The school closed due to financial fraud...you got caught up in the fraud. I suspect that you will have to pay back the entire 11412.00 and then your recourse would be to sue the school. Unfortunately, you probably are one of hundreds, and there is unlikely to be any money to collect a judgement against.
    thanks for the advice...another question, would this still apply if they forged my signature on a master promissary note? i signed for one loan, but didn't sign a mpn and the direct loans office sent me a copy of a promissary note which i didn't sign...what action could i take in this case?...

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