Student Loan problem….please read on and give me good advice!?
I have a private student loan which is all fine and dandy, except my school screwed up and told my loan company (Wells Fargo) that I have graduated when I have not! WF sent me a form to have the school fill out which the school refuses to fill out until after our Fall semester add/drop date. WF is furious with me and will not bridge this gap (the add/drop date is the beginning of Sept) and they want a payment right now of $500. I am getting NO WHERE fast and WF is threating to report this to on my credit report as late when I am STILL in school and my loans will go back into deferment once the school signs that paper, but they won’t for a couple more weeks….what should I do, I don’t have money for the payment…(I will once I ACTUALLY graduate!)
For starters I would fax a copy of your course schedule to WF. Then speak to a supervisor in financial aid at your school about the problem. As long as you have a paper trail you should be fine. You could also request a conference call between you, financial aid, and WF. These loan places are quite adamant about policies, however, if the error was on your schools side they should aid in fixing it. Good luck.
