I took out a student loan this year, for the first time. As far as I know, I have signed everything required of me. The majority of my money has come in, but the last of the larger payments has not.
I am attending a private college and am almost done with it. I have one week left of classes, and start my externship after the winter break. However, if my money does not come in, I will not be allowed to attend my externship. Therefor, I can't actually finish the school, and get my diploma. This is per the rules of the school, and I understand this.
But what I do not understand is where my money is? I spoke with the financial aid guy at the school and he seems to be giving me the run-around. He is telling me I need my 1040 for the 2010 taxes in order to receive the last of the money, but shouldn't it have come in with the other payment? I heard him telling one of the ladies on the phone "I didn't set that up" when she inquired into this as well, meaning (in my mind, at least) that he has the authority to request the money.
I took out both a subsidized and an unsubsidized direct student loan. The full amount of the subsidized loan has been payed to the school, but only half the unsubsidized. I thought they should have come together?
I have a week to figure this out, and I just don't see it happening. I am so upset about this I think I'm getting an ulcer, and I want yank every piece of hair out of my head. I'm not angry with this guy, yet, but I sure am getting there.
Does anyone have clue, or has this happened to you?
The school is a condensed course for medical assistant. I've been going to school full time since March. I haven't worked for two years, because the job market out here is terrible. My extern site is at the big army hospital, I'm pretty jazzed about it. I have to jump through all the hoops and get a background check to volunteer there, and so I was hoping it would be easier to try and get a job there when I was finished. So I'm really bummed out if I can't get this finished because I feel like someone is holding my loan for ransom.
Edited by mylittlechickpea - 12/8/11 at 10:12am