ED Magedson – Founder
U Of P - University of PhoenixBristol Street Costa mesa, California United States of America
I went to the University of Phoenix 9 years ago. I obtained Student Loans through the University of Phoenix. They did the paperwork and had me sign.
They requested more money than I needed to take the classes I was taking. I questioned it and they said that was for future classes and they would return the unused amount to the bank.
Well, 9 years later and the Department of the Treasurey for the Student Loans (now run by the government) is coming after me for a huge Student loan amount... that I didn't use. In other words the University of Phoenix never returned the excess funds they received on my loan.
The Government has taken over $3,000. from my tax refund and is now taking money from my deceased husbands Social Security Benefits that I should be receiving.
I have notified everyone about the descrepancy and the Treasury Department says there is nothing I can do but pay off the remaining loan. I have contacted the University of Phoenix and they sent me a phoney accounting that "no one" could read or figure out! Why is this allowed to happen... Maybe we need a class action lawsuit!
This report was posted on Ripoff Report on 08/17/2010 01:33 PM and is a permanent record located here: http://www.ripoffreport.com/reports/u-of-p-university-of-phoenix/costa-mesa-california-92630/u-of-p-university-of-phoenix-university-kept-student-loan-money-costa-mesa-california-632370. 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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