CCU & Sallie Mae

Discussion in 'General Distance Learning Discussions' started by aklover, Nov 6, 2009.

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  1. aklover

    aklover New Member

    Has anyone here gotten a Sallie Mae loan and then withdrew from the school?
    I have a Sallie Mae loan for California Coast University and I want out.
    Sallie Mae has paid ¾ of my tuition with one loan disbursement left. Not to insult anyone here who goes there, but there is no challenge what so ever. I have huge regrets attending this school. I am wondering what they will send back and what they will keep. Their refund policy is not clear. Anyone out thee in this kind of situation? I am currently attending the University of Alaska Anchorage but plan on looking for an RA online school. I had to make a choice between UAA and CCU and CCU lost. I am waiting to hear back from both Sallie Mae and CCU and to see what my punishment is for being an idiot.
    Thanks
    PM
     
  2. Tylin

    Tylin New Member

    CCU is what you make of it...

    Hmmm. "No challenge" was one of the many reasons I didn't continue on with UAA after getting my AA there. But I'll refrain from further bashing of the school or making claims of idiocy.

    Best of luck. I went with the monthly payment plan at CCU. Perhaps another student or alum here has some experience with Sally Mae and can help you out. You shouldn't have to pay for classes you didn't take.
     
  3. Ian Anderson

    Ian Anderson Active Member


    Glancing at the loan regulations it looks like you should notify the lender of your change of plans immediately.

    7. Change of Status — I must notify my lender or
    any subsequent holder of my loan(s) if any of the
    following occurs:.....................
    I (or the student) withdraw from school or begin
    attending less than half time,
    I (or the student) transfer to another school,
    .........................
     
    Last edited by a moderator: Nov 6, 2009
  4. tomball

    tomball New Member

    Sorry for the bump, my 2 cents - find a job that pays for your education and never get another loan.

    Cheers


    Companies due pay @ 100% (find them)
     
  5. aklover

    aklover New Member

    I do work

    --------------------------------------------------------------------------------

    Sorry for the bump, my 2 cents - find a job that pays for your education and never get another loan

    I do work. Why do you think I don't? Guess what, student loans are a fact of life for me and most of my fellow class mates. So keep your 2 cents to yourself.
    PM
     
  6. aklover

    aklover New Member

    Thanks Ian

    Thanks Ian. I have contacted them with my intention to withdraw from CCU.
    PM
     
  7. tomball

    tomball New Member

    I do work. Why do you think I don't?

    I was saying - find a gig that pays for your schooling and then milk the system :)


    (I've milked well over 200K)
     
  8. tomball

    tomball New Member

    get your due

    In today's ever-changing work environment it pays for employees to pursue advanced educational goals.

    Especially when the company is picking up the tab.

    Many local companies will reimburse their employees to further their career and personal development through advanced education. These educational reimbursement programs aren't anything new. But, over the years they have evolved to meet the needs of shifting corporate structures. With corporations tailoring their operations to meet the new demands of conducting business, many employees have an eye for doing the same.
     
  9. emmzee

    emmzee New Member

  10. Ian Anderson

    Ian Anderson Active Member

    My former employer paid for 50% my BS and 100% of my two masters degrees. I was always surprised how few of my fellow employees took advantage of this great, and in most cases tax free, perquisite.
     
  11. japhy4529

    japhy4529 House Bassist

    It is true that many students do not take advantage of the tuition reimbursement offered by their company. I've heard of students who have actually taken out school loans, when their employees offered 100% tuition reimbursement!

    I am set to graduate next June with a BS in Behavioral Science. My employer will have paid for 100% of my tuition and books. The school that I attend (Bellevue University) offers a tuition deferment program, whereby students who work for a company offered tuition reimbursement, can defer their tuition payments, until after their grades have been received and the tuition has been reimbursed. Essentially, this means that I pay no out of pocket expenses for tuition. I just pay upfront for my textbooks.

    I believe that Tomball's point is that if it possible for one to find an employeer that offers this benefit, then it could work out well and possibly negate the need to take out loans.
     
  12. Chip

    Chip Administrator

    I am not sure if it applies only to vocational schools or to all schools, but California has unusually strict regulations regarding refund provisions that work to the benefit of the student.

    It might be worthwhile to do a search at the California Dept. of Consumer Affairs and see if the regs apply in your situation.
     
  13. David Boyd

    David Boyd New Member

    "Their refund policy is not clear."

    The CCU refund policy can be found on page 79 of their catalog.

    http://www.calcoast.edu/docs/ccu_catalog_2007.pdf

    I'm not sure what's unclear. If the question relates to the amount due Sallie Mae, you should refer to your loan documents.

    The best option is to always call the school. While CCU is a competitor of my organization, I know that they always have excellent student services personnel.
     
  14. Abner

    Abner Well-Known Member

    Very true David. CCU is always on board when it comes to student services. I also found their coursework to be challenging. Any questions concerning student services, or coursework where answered immediately.

    Abner
     

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