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[imperfect_gurl]

okay, so i've never had to deal with student loans before but they are pretty much the most confusing and frustrating thing EVER IN LIFE.

Comments

[jennsachi]

I worked in the finanical aid office at oxy for four years. Whats up?

[imperfect_gurl]

okay so i owed xyz for summer tuition and was offered a subsidized loan for twice that amount. i signed a petition (or whatever it was called) to decrease my loan acceptance to just over the xyz amount. SO, in my student account it says that they paid the entire loan amount (twice what i needed) and then refunded the excess (but, uh, to whom?) and so now I owe the school the excess. but, why would i owe in excess of my original bill? i don't even understand! the lady at the student accounts office said that i just bring them my refund check and pay them and i was like "that's the same thing as repaying the loan that i didn't want?" and she was like "yeah, that'll cover the balance."

DOES THIS MAKE SENSE TO YOU? BECAUSE I AM STILL CONFUSED.

[imperfect_gurl]

ps. i heart you.

[jennsachi]

damn. sorry I accidently posted to your journal with the wrong lj sn. we deleted it. Ok again, here's what I said:

When they refund the excess that went back to you. You said you took out a loan just over the amount of the tuition so they're giving you that back.

What I think they did is, before you decreased the amount, they assumed you were going to take out the larger amount and refunded you that amount. Now that the paperwork has gone through they're like 'oh we gave you too much money' and they want that back. So you have money you didnt want and you have to give it back.

But this is just my interpretation. You need to go talk to fin aid and ask them exactly how much your loan is for and then to stu acc and see how much they refunded your account. That should clear the discreps.

Man, the system sucks sometimes, doesnt it?

:)