Tuition bill from 1999
Date: Sun, 03/25/2007 - 14:28
Here's my story: I just recieved a letter from NCO
Financial Systems Inc stating I still owe $1597.00
for tution from when I was in school in 1999. It's a rather long story, but suffice it to say I knew at the time I had to pay but since the college never
sent me any reminders concerning this bill, in time I just forgot about it. Now, over 7 years later, it pops up to haunt me.
Do I have any recourse?
If this is a government backed education loan,there is no sol(Th
If this is a government backed education loan,there is no sol(They never expire). Soaplady will find your post when she comes on and she is a excellant resource on student loan debt. All I can say is ask them to send you a updated accounting of the bill.You could also contact the department of education to verify the status of your account and who is working on it.
The thing is it's NOT a gov't loan. I'll try to make the story s
The thing is it's NOT a gov't loan. I'll try to make the story short and sweet:
In school, after all bills are paid (tuition, room &board, etc.) are paid, you get a letter stating you recieved a refund and to go pick it up at the FA Office. I got my letter so I went to pick up my check. I also recieved a statement showing a zero balance (meaning everything was paid). So I did what any other young man in a fraternity would do, I partied. For the next two semesters I had no trouble registering for classes (this part is important since one cannot register if there is unpaid tuition). Then during the 3rd semester I was told about this outstanding bill. I of course no longer had the statement showing a zero balance since moving to different apartments it got lost along the way. Now that I had no proof, the university held all the cards. This all occured in 1999.
Now fast forward to the present: I'm being asked to pay a bill that was shown to already have been paid (though I can't prove it). It's not a gov't loan since 1) they wouldn't wait such a long time and 2) if it was a gov't loan, they wouldn't use NCO. They have their own CA and they would more than likely just keep any tax refunds and such to pay the bill.
Well, if it isn't a gov. backed loan,then perhaps the original c
Well, if it isn't a gov. backed loan,then perhaps the original creditor will have records of the disbursement of funds. It may be sol if there are no gov. ties at all. I am truely grasping at straws here.Hopefully someone more knowledgeable will show up here shortly.
To get a refund, you must have borrowed, received a grant, or re
To get a refund, you must have borrowed, received a grant, or received a scholarship. Were you required to pay back anyone for any amount when you left school?
Tuition accounts from public and non profit private schools have
Tuition accounts from public and non profit private schools have no SOL. In fact tuition accounts with public schools can be submitted for state tax offset. NCO is a contingency collection agency for several schools including many 2 and 4 year colleges.
Log into your school account if you still have access. All the records will be there. Keep in mind that tuition balances are subject to up to 40% in collection fees.
From your replies (especially the school having no SOL) it does
From your replies (especially the school having no SOL) it does seem I'm bound to repay this. Which I never had a problem with except for the fact they waited so darn long to "remind" me by getting a CA involved. So now, is it set in stone that I pay this to NCO or can I pay it directly to the school (which I would rather do)?
Notices would have been sent to your last mailing address on rec
Notices would have been sent to your last mailing address on record. With cutbacks in education funding particularly in the case of public schools, they do not have the time, money or staff to actively pursue these accounts in house to any great degree. They consider your education as collateral and withold registrationa and transcripts until the bill is taken care of.
In most cases, the CA is under contract with the school. The CA gets their cut regardless of who you pay. Generally the school will automatically refer you to the CA. In most cases, they CA can settle on some or all of collection fees. A settlement must be approved before sending any funds in.
The school I worked at absolutely refused to work with any student already sent to a CA. Accounts were not placed in collections usually until at least 24 months past due. We had students coming to FA stating "they would not work with a CA" and yet they wanted transcripts or to enroll. Our in house collectors would just laugh and give them the information to reach the CA.It is all a matter of policy.
Well the good thing is no collection fees are being listed. All
Well the good thing is no collection fees are being listed. All they are asking for is the straight up balance of what is owed ($1597.00).
After I pay my debt either to NCO or the college, I can then recieve my transcripts if I so wish or
enroll for classes? Will everything be peachy-keen again with my school?
Once your bill is paid, it is paid. Transcripts are released an
Once your bill is paid, it is paid. Transcripts are released and you are free to enroll.
A big thank you to all of you. You have brought a sense of peace
A big thank you to all of you. You have brought a sense of peace to my mind.