- Report: #833167
Report - Rebuttal - Arbitrate
Complaint Review: Colorado Technical University
Colorado Technical University4435 N. Chestnut Street Ste E Internet United States of America
Colorado Technical University CTU Obtaining Title IV and other Financial Aid after Withdraw Internet
*Author of original report: Career Education Corporation - CTU Online
*Consumer Comment: questions
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Less than a few weeks later CTU continued to file Financial Aid (including Titile IV funds) as if I was still attending classes which in my opinion puts them in direct violation of 34CFR 668.22. Simply from what I can ascertain CTU Online continued to charge student aid for almost two months past a notice of intent to withdrawal and after that only refunded a very small portion of the tuition back to the government. From what I have found out from my lender, CTU did obtain an additional $4,000.00 plus after my withdrawal and refunded only 17% back to the fed. This was done at the beginning of a new payment period while their records reflected that I had not attended for over 40 days (due to withdrawal), as I could no longer access online classes. This is interesting to me since I had already withdrawn from classes and yet after almost 40 days, they were once more filing for Title IV funds and other subsidized loans as if I was still in attendance. I do not believe this is a legal practice for any educational intuition receiving federal aid. 90 days after my last date of attendance CTU finally refunded only a portion of the funds obtained from the Fed on my behalf, which amounted to less than $700.00 of the additional $4000.00 obtained after my withdrawal. I have since called and talked to CTU and as before and I feel there is no possible resolution other than future litigation since I will not pay for classes I could not attend or access online.
Certainly, it is good that CTU says they are an accredited member of the North Central Association of Colleges and Schools so similarly they should also know what the ramifications are for institutions that may engage in such activity. If anyone has had a similar experience then it is your legal right to contact the Office of Inspector General HOTLINE (OIG) and file a complaint since CTU receives Title IV funds on behalf of their students.
OIG Hotline: http://www2.ed.gov/about/offices/list/oig/hotline.html
This report was posted on Ripoff Report on 02/02/2012 10:48 PM and is a permanent record located here: http://www.ripoffreport.com/r/Colorado-Technical-University/internet/Colorado-Technical-University-CTU-Obtaining-Title-IV-and-other-Financial-Aid-after-Withd-833167. 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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