Help with student loans

[Anonymous]

Hi All,

I need some advise with a problem I am having with Kaplan College student loans. When I first started at Kaplan College I was told the Insurance billing program would cost me $13,000 total. I applied for FAFSA and had an EFC of 0. The financial aid office at Kaplan said I received $5900 in Pell Grants and the I would need $7000 in student loans. So I did the program and got two notices for student loans one for subsidized in the amount of $3500 and the other loan which is un-subsidized for $4000, both are backed by Bank of American.

About a month after I finished the program Kaplan College called and said they had a check for me that they over charged me for the program in the amount of $4,900, so I went and got the check.

Now I received a notice that I now owe $16000 roughly in student loans!!!!!! I have never received notices that the school pulled extra student loans in my name not from B of A no one!!!! Can the school pull extra loans without me knowing about it????

How can I get out of owing this much in student loans when I only agreed to pull out $7,000?

[LynnInMN]

Have you looked your loans up on NSLDS???

[Anonymous]

Yes I just pulled that from the website. I have the fallowing loans: 

$ 3500 subsidized originated on 6/4/08

$ 3500 subsidized originated on 7/09/08

$4000 unsubsidized originated on 6/04/08

$ 4758 unsubsidized originated on 7/09/08

I was under the impression that only $7500 was taken out in student loans. Also I only ever received two disclosure statements regarding the loans for the $7500. I never signed a promise note for the extra loans. Am I now responsible for loans I did not authorize, how would I go about reporting fraud since they were taken out with out permission? 

[LynnInMN]

Something is definately wrong.....those loans would put you over your yearly limit.  Call BofA

Problem you will be looking at now is that if these were double dispursed, you will need to repay the overpayment immediately.  Hopefully you didnt spend that $4900 check the school gave you...that should be going back to BofA