Loans Went To Wrong School!

Paying for College
1

<p>has anyone had this situation, and if so, how did you handle it? D got her disclosure statement on her student loan and under school information it has the wrong school. It is a school she applied to and was accepted at (so they got the FAFSA info along with several other schools)....but she never enrolled there. I am going to pull our loan documents tonight, but I am certain we noted the correct school to receive the loans. </p>

<p>Had she gone to the one on the disclosure (safety school), she would have had full scholarship and no need for loans. The U she is attending posted on the financial aid site that they received her loan info back in early July, but bill still shows that credit as pending. Very confusing all around! I called the Direct Loans people and they said I had to call the U she is NOT atttending and tell them...so I sent an email straight to the financial aid director yesterday. Today, I sent an email to the U she IS attending and let them know there might be a problem. Not even sure if there really is one, maybe the school information only lists one school of those that got the FAFSA, but I do know that we're talking over $2,500 that is going to be needed and soon! Any advice will be appreciated.</p>

2

<p>What has happened is the wrong school has entered loan information into the system for your D, and you did exactly what you are supposed to do. The “other” school will pull the loan information out and the right school will submit their loan information. You guys will be fine. I would maybe contact the Financial Aid Office directly instead of just sending an email just to expedite things.</p>

3

<p>Your child must have accepted the loans online for the school she is not attending. If she doesn’t enroll, they will never pay to her account. If she did accept the loans, she should request that the loans be canceled at this school, to make sure there are no issues with pending loans.</p>

<p>Has she accepted loans at the school she WILL attend? She needs to make sure she does so, and she must also do entrance counseling and a master promissory note.</p>