• Report: #203576

Complaint Review: AIU - AIU Online - American Intercontinental University

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  • Submitted: Sat, July 29, 2006
  • Updated: Thu, December 13, 2007

  • Reported By:Yucca Valley California
AIU - AIU Online - American Intercontinental University
5550 Prairie Stone Pkwy Hoffman Estates, Illinois U.S.A.

AIU Online - American Intercontinental University Ripoff! $2191 to finish an associate's degree, actually $11,832.50, surprise Hoffman Estates Illinois

*UPDATE EX-employee responds: Promissory Note

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When I wanted to continue my education I knew it would be difficult. My husband is a Marine and we move too often for me to start and finsh at a brick and mortar school, so I started looking into online schools. Unfortunately, I found AIU. I had been to other schools, and when I was told the cost that was it, my invoice would match.

The advisor told me it would cost $2191 to finish a degree. Mind you I had explained that we had just filed for bankruptcy and I couldn't afford much. Obviously, my finances were in bad shape already and I should have stopped when the advisor pushed on knowing my situation.

I was told I needed to sign a promissory note, and I said I needed to wait, which wasn't good enough- he wanted it signed right away. Looking at all of the emails now I really should have stopped listening to them. Anyhow I signed this promissory note, which ended up meaning I sold my soul and bank account to the devil. After starting classes I received a notice from Educaid which talked about loans.

Well I hadn't applied for any loans so I thought this was a mistake. No- I owe this school over $11,000. After I realized what was going on I tried everything I knew of to get out of this. I tried getting ahold of everyone at the school that I had spoken to with no response, wrote the BBB to get told 'well you signed the note.' I don't get the luxury of being able to attend any school because now I can't afford to and my husbands' duty stations aren't always accomodating. The job placement at AIU was a joke as all I received were work at home scams.

What's really sad is that I just found out that this school is on probation, and my credits may not be any good anywhere. So not only do I lose my money, I can't use this degree. I hope a lawsuit does come around. Maybe someone can stop them. What's really funny is that when you type AIU into a search engine, they have made sure that all of the negative results don't start until the next page. They're spending plenty of money on advertising.

Melissa
Yucca Valley, California
U.S.A.

This report was posted on Ripoff Report on 07/29/2006 10:46 PM and is a permanent record located here: http://www.ripoffreport.com/r/AIU-AIU-Online-American-Intercontinental-University/Hoffman-Estates-Illinois-60192/AIU-Online-American-Intercontinental-University-Ripoff-2191-to-finish-an-associates-203576. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 UPDATE EX-employee responds

Promissory Note

AUTHOR: Ben - (U.S.A.)

What you signed was probably a Stafford Loan Promissory Note, which 90% of all students at these schools need in order to cover the cost. Full time tuition for these schools is typically around $500 per credit hour, unless you get a discount, so I am really perplexed why they would have told you that your degree would only cost a little over $2K. You can't even complete ONE TERM for $2K, let alone a whole degree, unless they were saying $2K is the OUT OF POCKET expense NOT covered by the Federal Loans and/or Grants (the funding gap). I know this because I used to work at AIU in financial aid and now work at a competitor of theirs.
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