Slammed with $150 payment

Posted by Jillian Estes on Aug 13, 2009 in Student Stories |

As soon I was officially out of the school, I get slammed with a $150 dollar payment on a 3000 dollar loan that I knew nothing about. When I called and asked what it was for, they said that I owed them money because the loans and grants didn’t cover the whole tuition. Of just that one and a half term, when all the loans and grants I had were supposed to cover the whole first year.

Now I am stuck with a $150 dollar payment that I can not afford and it is putting a dent in my credit score every month it goes unpaid. Also I was told by another rep from a different college, that this loan that I knew nothing about would greatly affect my eligibility to get financial aid at another college. And to top it off, because it is ruining my credit, I wouldn’t be able to get loans to go back to school.

– Westwood College Online Student

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