<p>My loan finally hit my BARC account. However, the amount was only 10 cents over and it gives me this message:</p>
<p>1001:Refund Check/Direct Deposit = $100(amount) | $99.90(balance)</p>
<p>What does this mean?</p>
<p>i would assume that there is a minimum amount that can be refunded from the BARC office. so, they refund you the minimum, but you would still owe the difference between your refund and the minimum refund, that you would have to pay. I would contact the BARC office to make sure however.</p>
<br>
<br>
<p>thanks for the reply, it’s been b.1tch trying to get past the operators for obvious reasons.</p>
<p>anyways, i don’t get this part since i paid ALL my fees. i just messed up on the calculations and ended up paying an extra 10 cents. so why would i have to pay $99.90? granted, if i did pay that $99.90, then aren’t i really just paying back myself, no? </p>
<p>also, it shows up on the refund tab for a $100 amount O_o</p>
<p>wow that impressive/funny. you calculated it down to 10 cents.
as long as you don’t OWE any money, don’t worry about it too much.
(and as long as your GOLD and BARC status say ‘paid’)
there’s always gonna be a small BARC balance due to printing/L&Sfees/labfees/…etc</p>
<p>lol…that’s the thing…my paid status is “SET” - which is good, right - but my current balance is $99.90. </p>
<p>09-13-2010 Fall 2010 2859: Direct Loan-Sub1 ** $-1,749.00 Paid; (TOTAL BALANCE): -$0.10**</p>
<p>then:</p>
<p>09-13-2010 1001:Refund Check/Direct Deposit $100.00 (TOTAL BALANCE): $99.90</p>
<p>I really don’t get it. I tried calling twenty times today but it’s been hell trying to get through.</p>
<p>Should I pay the $99.90?</p>
<p>ok, so you put in your loan of $1749 on 9/13, and then owe $7.90. BARC receives a “thank you” payment of $8.00, so you now have a balance of $.10 (hence the negative sign). but they send you a $100 refund the same day (this is a lot of activity for BARC on one day!). So that get’s added to your account, so now you owe 99.90. i don’t understand why BARC gave you that refund though, unless that is the minimum they can refund, in which case, you’ll have to pay the difference from the refund check you receive. as your paid status is “set” i wouldnt worry about the late fee. if you can’t get through to them on the phone, shoot them an email, they respond fairly quick to that.</p>
<p>^^ what he/she said</p>
<p>a friend of a friend told me that it’s probably a glitch, so i think i can finally breathe a sigh of relief…</p>
<p>thanks for the replies, guys! if there aren’t any late fees, then i am fine with clearing this up when i move in this weekend(i can’t believe it’s already been 3 months and summer’s over)!!!</p>
<p>Im pretty sure you’ll get a check for 100 and you pay the 99</p>