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Student loan funds returned
Hello, can someone please help me understand what happened w my loans. I started school Jan 18 and attended the Jan and march terms no issues. Received 1200 credit checks each term. Then received a scholarship in May 18 I called the school and notified them to send the bill ( 80%of tuition only) to my employer. My employer did not send a check for tuition until January 19 for past terms. During those terms my loans paid my tuition and the school sent me a check every term for funds left over. In January they received my scholarship money and then sent me a $4,000 check stating overaward. In the last month of my program (April) the school began decreasing my loan amounts and sending funds back to the loan provider (US dept of education). Now I have a balance w the school of $4000 that they require I pay out of pocket. Something seems wrong here, I don’t understand if this is illegal it just poor practice and what can I do about it? Can someone please help me understand how this works when I was being sent refund checks every term?29 replies
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