Got A Late Fee From Student Loan Process

Last month, I took a subsidized Stafford Loan that I assumed was going to cover the remaining balance of my tuition. I chose to accept $852 from the loan but it was actually divided between the two semesters of the entire school year. This meant that I was only awarded $426 this semester.

So just recently, a tuition bill was sent to my home saying that I still owe money. I check my student account find that I have a balance! Because I had no idea that I owed money, the school slapped me with a $20 late fee.

After speaking with the financial aid advisor two days ago, she said she was going to change the loan disbursement amount to my preferences. I should have asked if she could waive the late fee since I didn’t know that student loan process worked as it did.

Anyway, as I’m typing this post, the changes still haven’t been made. Another late fee is supposedly charged on the 15th, which is when the balance should be paid. My friend did something similar and everything was cleared the next day.

If I don’t see changes in my student account tomorrow morning, I’m going to have to take it up with the financial advisor with no mercy!

Photo credit: wsssst

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