Results 1 to 2 of 2
  1. #1
    Join Date
    Jul 2013
    Posts
    1

    Default Collecting on Paid Loans

    My question involves collection proceedings in the State of: Colorado. School was in Texas.

    I took out federal loans (sub and unsub) to pay for 2 semesters.

    A family emergency caused me to drop my last quarter. (They had a weird policy. They were quarters but you paid in semesters). None of the loan money was ever returned to the lenders. I have checked on this numerous times. The full amounts were paid to the school.

    As of date, the full amount of these two loans have been paid in full. Their balances are $0.

    The school is now coming after me for the balance due to the drop. The loans more than covered the tuition.

    I don't see how they can do this since the loans I took out are already paid and they didn't return any of the funds. My loan records reflect this fully.

    I'd be grateful for any advice as how to proceed with this. Thank you.

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Collecting on Paid Loans

    and they said what when you told them exactly what you said here?

    1. Sponsored Links
       

Similar Threads

  1. Replies: 3
    Last Post: 03-12-2013, 11:55 AM
  2. Payoff: Credit Union Withholding Car Registrations After Loans Paid in Full
    By Dousja in forum Cars and Dealerships
    Replies: 1
    Last Post: 07-25-2011, 07:35 AM
  3. Unemployment Benefits: Can I Continue Collecting Unemployment While Being Paid on a 1099
    By julieg713 in forum Employment and Labor
    Replies: 2
    Last Post: 10-01-2009, 08:20 AM
  4. Student Loans: Defaulted Private Loans with TERI - Back-Dated Claim Paid
    By barb105 in forum Debts and Collections
    Replies: 1
    Last Post: 02-16-2009, 05:36 PM
  5. Student Loans: NCO Collecting Student Loans
    By SlyDog in forum Debts and Collections
    Replies: 1
    Last Post: 11-04-2005, 04:32 PM
 
 
Sponsored Links

Legal Help, Information and Resources