Hello - thank you for your help!
I am a provisional graduate student at Ithaca College (a private institution). Yesterday, I got a phone call from the director of student financial services saying that for the last academic year, I was awarded way too much money because I was a provisional graduate student and not a "full" graduate student. Somehow, I was processed as a graduate student and according to Ithaca College, I was mistakenly awarded Graduate PLUS loans (subsidized and unsubsidized) in the approximate amount of $44,000. But, now, they are saying I was only eligible for $12,500 for the year.
At this time, they are saying that they need to return $30,000 to the Department of Education and that it is my responsibility to come up with that money within the next 2 weeks, via private lenders.
My question is simply this: Is this actually my responsibility since the error was on the part of the college and NOT mine? I NEVER misrepresented my status in any way. Like I said, I am under a lot of pressure right now to come up with this money or quite likely be forced to withdrawal from the college. I just want to know what my "rights" are and if I am actually responsible for this or if the college is at fault and therefore, they are responsible for it.
Thank you again for your very kind assistance! April