- Report: #466417
Report - Rebuttal - Arbitrate
Complaint Review: AIU Online - American Intercontinental University
AIU Online - American Intercontinental University5550 Prairie Stone Parkway, Suite 400 Hoffman Estates, Illinois U.S.A.
AIU Online - American Intercontinental University School operates on fundamentals of Identity Theft, False Advertising and Fraud. Hoffman Estates Illinois
*Consumer Suggestion: Passing Blame
*UPDATE Employee: Impossible...
*Consumer Suggestion: Suggestion
I enrolled at AIU to earn a BIT in 2007 and completed the program in 2008. A coworker of mine had just graduated from the college and he highly recommended the school as a great option while working full time. I looked into it and bought into their advertisements of an affordable and easy way to earn a degree online. When looking over my degree plan and the website, my tuition was posted in black and white to cost $22,500 plus a $50 application fee. My parents and I felt it was a reasonable investment so we took out money from various savings accounts and agreed to Cash Payment Installments. We denied any financial aid and repeatedly said that we did not want to take out any loans for tuition. It was still a part of their policy that I had to complete the FAFSA paperwork in order to access my classes so I did for the academic years I was enrolled but I never accepted any loans, signed for any loans, received any checks in the mail for a loan or authorized disbursement of a loan. My parents and I made all our payments on time and on schedule according to the student online statement. We even received statements that verified Balance Paid in Full. $23,000 in cash later I completed the degree program and was awarded my BIT.
6 months after my graduation I started to receive numerous letters in the mail from 4 different financial institutions: Sallie Mae, Wells Fargo, Wachovia, Dept of Education: all stating that my grace period was over and that I needed to start paying off my loans. The total amount that I owed lenders for student loans equaled $25,000!!! I called the lenders and told them it must be some bogus mistake because I had paid cash for my tuition and could prove it. I further explained that I never applied or accepted any loans. Their answer was that AIU applied for these loans and accepted them on my behalf. Could they do this I thought? Isn't that illegal? Sure enough I called AIU and they confirmed that they reserve the right to do exactly this. I asked them for details on what the money went to and why wasn't I informed. To date I have received very little information from AIU regarding these hidden fees and extra costs, answers like tuition prices can and will go up or one of your courses was $5,000 because it wasn't listed on the curriculum. My family and I truly feel we were robbed of the cash we spent at AIU and are now being sued for 25K plus interest on terms none of us ever saw or agreed to. How did this degree plan double in cost over one year? No one will give us answers. We want to fight this but we have no idea where to begin. AIU has done nothing about this and I'm now delinquent with various lenders because I refuse to pay for something that I have already paid for out of pocket. One loan has to be paid off in 2 years and ith payments are $199 a month. I simply cannot afford to give AIU another $25,000. AIU has caused a lot of financial and emotional damage to me and my family. AIU is a scam and the truth should be known.
This report was posted on Ripoff Report on 06/30/2009 12:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/AIU-Online-American-Intercontinental-University/Hoffman-Estates-Illinois-60192/AIU-Online-American-Intercontinental-University-School-operates-on-fundamentals-of-Ident-466417. 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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