Latest Posts
Home > Ask The Get Out of Debt Experts > How Long Can the School Hold My Transcript Hostage? – Jon

How Long Can the School Hold My Transcript Hostage? – Jon

“Dear Steve,

I earned 60 credits at a junior college and received an AA degree(’98). Then I went on to a university on full scholarship to finish my education. I did not graduate but I did earn about 30 more credits that my scholarship paid for. My last year on scholarship there was (’01). A couple years later (’04) I returned to the same university and enrolled in classes for the semester. No scholarship this time. I eventually end up shirking school, didn’t drop my classes and moved home. They claim that I owe them around $3,500.00 to date because of past due balances (originally about $1,500). I need those credits (that i earned while on scholarship) to get a job that requires me to have only a more credits. Its killing me. I have no money, but I feel I deserve to have those credits reflect on my transcripts for jobs or future education.

Am I entitled to the credits that I earned while under scholarship? Can they hold my transcripts ransom for payment of alleged bill after so many years.

Jon”

The Answer

Dear Jon,

The short answer is that they can hold your transcript hostage until your account is satisfied. You could always negotiate with them to settle the outstanding debt for less than you owe but if you do be sure to get the deal in writing.

Get Out of Debt Free Hotline

Basically the transcript or degree is the collateral the school has to require you to pay.

If you feel it is not fair or you want to check to see what additional remedies, if any, you may have then contact the state regulator in the state you live in.

You will have to click on the chart below to enlarge it to see the details.

Please post your responses and follow-up messages to me on this in the comments section below.

morehelp1
Choice1
Choice2
Choice3

Big Hug!

Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Creole_belle

    I plan on contacting my state’s representation. Thank you for the listing! 

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.