Education Management Corporation Student Loan Complaint

Education Management Corporation Student loan department,

Non-federal student loan Dealing with my lender or servicer Don't agree with fees charged Illinois

I am submitting a complaint today on -/-/15 due to the fact that I ambeing overcharged for my private loan which is a parent plus loan with- -. When I first visited with my parents on the campus todiscuss financials, we were told that the amount would not exceed $20000.00. I had come from a - college called - in-, IL. I had received an associates there and was able totransfer - credits to Argosy University in -, IL. I still had a remaining - credits to achieve my - degree. We had decided that I was to attend school full-time. I also wasnotified on the news that Argosy University was being sued forover-charging students on their loans which has caused financialdistress among - students including myself. I had receivedaround - stipend checks which I returned back to the lender andchose


My federal loan balance was around $9000.00 and my - -loan ended up being $38000.00. We were completely shocked overthese numbers because this was not what we were told. I have beenpaying the loans without a doubt, but will struggle. I have not been lateonce. I spoke to - - multiple times stating that it was difficultfor me to make payments, but were unable to help me. I told themI had made on -time payments and they could n't arrange anything. My concern is not the federal loan at this point, but the - -. I have attached - documents which include history of my account onmy portal with Argosy University which show all the charges accruedand voids of my stipend checks. I have also included the tuition feeschedule to show what should have been charged per semester. Mygoal is to reduce my financial stress of my total loan of $47000.00. I believe my account history should be looked over very carefullywith hopes that I can lower my loan amount which is what Iwas promised from the counselor. I do n't believe this amount iscorrect and I am struggling making these payments due to myother accrued expenses elsewhere. The person I did speak with is- - with Argosy University. I do n't have a high enoughincome to support these payments. I have just graduated. - - which is led my the state, had revealed on the newsthe large amount of students being misled and overcharged forstudent loans and I believe I am one of them.