Exit Interview... really necessary???

[thatguy]

After a couple weeks of 3rd quarter in, confirmed the school was for shit.
About everything on the 'ripoffreport.com' and everywhere else was true.

Stafford Loan I qualified for is done and used up.

Only had 3 semesters approved at $9,500 to Sallie Mae. Not much interest has accrued, yet. Less than $160.00

$6000 unsubsidized 6.8%
$3500 subsidized 6%

Of course the goverment gets paid first, not ITT-Tech.

According to the financial contract... ITT itself has loaned me about $5,600 that is due upon withdrawal and/or at the end of the 3 semester period. The contract says this money will be due immediately upon withdrawing.

So............................

Does it REALLY serve any purpose to go to the ITT campus for their 'required' exit interview?

I believe they just want to get me on their turf and drill me about....

1) why I decided to stop going
2) ITT's monies they are now owed.
3) Collection procedures on their behalf

My credit is gone already for 7 years, due to credit cards, no job, several documented medical ailments which prevent me from pursuing jobs in my current career (physical labor).

Whey would I even need to report to their Academic Affairs Department and Finance Department?????????

Sounds like a 'trap' to me. The paperwork I have in front of me says

I know who and what I owe.
Sallie Mae will get paid first. ITT will have to wait with the rest of them.

[doniker]

When I quit ITT (middle of 4th semester) I just stopped going and never talked to anyone from the school.

I just eventually got a bill in the mail from Sallie Mae (a payment plan to pay $232 a month, every month, until the end of 2018 = totalling about $27,000) and ITT billed me $1,550 for "fees" since I quit.

I have a collection agency after me for the $1,550 and I just keep telling them that I refuse to pay because ITT ripped me off.

[thatguy]

ITT has no real leverage to collect their share of loan money.
I own nothing. Nothing.

Owing Sallie Mae money, on the other hand, is like owing the IRS.
Sallie Mae has more leverage to collect than credit card collectors or ITT. Read up on it. Google....

Sallie Mae cbs

and read the 5 page report 60 minutes did on Sallie Mae.
S.M. can go further with collections than any other collector, such as garnishing wages.


Why should I go there again?

If I did....
1) I'd be on their turf in a small office
2) They'd try to convince me to stay, using 'tactics'
3) After finding my intentions are concrete, they'd send me to the finance department
4) The finance department would try to pressure me into signing a payment plan to pay ITT's share of debt.
5) The finance department would try to make me feel like a criminal or a dropout, just as the dean would.

I dont need that. That school sucks.

Sallie Mae gets paid FIRST. My loan contract with them is over as of this 3rd quarter anyways. I will not authorize any more loans and have taken steps to prevent such.

My address and phone number have been changed since enrollment and even the utilities are not in my name now.
The only contact they have with me is a P.O. box and an email.

That is all they got. This way everything is in writing.

They only got me for 10K through Sallie Mae.
I just paid 10% of that off this weekend and plan to chip away at it, as its the only loan that has weight or merit to it.

ITT will never see the monies they claim I owe them.

-- less than a minute ago --

The above poster was right!

I did not respond to their emails and withing 3 days of quitting had received my payment plan.

Luckily, since I dropped out early in my 3rd quarter, my Federal loans actually wend down!

Since I did not attend 60% of the semester (read your contracts!) the Federal loan was not qualified to be applied to ITT's bill. So ITT got stuck with most of my 3rd quarter bill!!!!

My unsubsidized Federal Portion dropped over $2000!!!!

Why? Because I got out early, even though It was week 4 out of 11.

Thank you so much for saving me from a huge debt load. Now ITT is owed more, so they claim, by me than my Federal Loans. In effect, this crushes their system by taking money back from their system they were banking on.

Win.

[Mjj12082]

I am another one saved from this scam of a school. I was enrolled in the Online Criminal Justice program slated to start Sept.8. I wrote a cancellation letter to my Recruiter, Registrar and FA. I am just waiting on a response from someone. I called Sallie Mae but I cant get through the automated system to speak to a real person. I also checked the status of my loan and it says that it is in the process of being certified. Is there anyone I can talk to or a number I can call to stop this process altogether? I should be ok considering that I did not even attend a single class right?? SOMEONE HELP ME I DO NOT WANT TO OWE SALLIE MAE ONE CENT. Thanks to you guys I didnt make a mistake that might have cost me my future.

[SheepToTheFleecing]

I am another one saved from this scam of a school.

God bless SevenAlive.

It really upsets me that everybody knows and refuses to do anything. (Like we were expected to be evil and acted accordingly.) You are a good man Seven.

HOW ARE THEY GETTING AWAY WITH THIS?!?!!?!?!?!?!?!? There is more crime than there is schooling. I hope those crooked pieces of law enforcement garbage burn in hell.