My Education With Full Sail University Sucks. How Do I Get My Money Back?

Question:

Dear Steve,

I am attending Full Sail and the education and experience have been horrible. I wanted to withdraw so I don’t acquire any more financial aid debt but i was told that if I do before the 10th week of the semester that the school will loose my financial aid and I will have a cash balance with the school. The overall education sucks and I feel like I have been suckered.

Will I be able to get my financial aid returned to the government. I have stafford loans. I went through the same thing with everest. I have had bad luck with schools. I want out but need help. Can you help me??

Vito

Answer:

Dear Vito,

Without a doubt the best way to part ways with any school you either don’t want to attend or no longer can attend with the least amount of financial liability is to strictly follow the withdrawal policy.

I’ve just watched too many people not follow such policies to be surprised later with big bills.

According to page 176 of this document the Full Sail refund policy or tuition charged policy is below. You might need to click on the image to get a bigger view.

As it says in the school policy, “If a student withdraws on or before completing sixty (60) percent of the semester, a portion of the total Title IV funds awarded will be returned. The Return of Title IV Funds calculation may result in the student owing a balance to the Federal Government and, in some cases, to Full Sail University.”

You can alos look on catalog page 176 in the document below.

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If you feel you have be the victim of some type of fraud, then you could look at a Borrower Defense claim and see if that would assist you with the forgiveness of federal debt but that would not forgive your personal debt to the school. For that you would probably have to consider either filing bankruptcy to discharge the amount due to the school or make payment arrangements with the school.

It appears from the school catalog that the only way to avoid any financial liability was to drop during the first week of school.

Steve Rhode Debt Coach and Author

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.

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