My son and I went to ITT and listened to the whole spiel. To determine costs, we were told we'd need to speak to the financial department. Made an appointment, specifically stating that we ONLY were interested in learning how much it would cost to attend. Before I knew it (they're ssssssoooooo smooth - and I'm not a stupid person) we'd actually signed for loans!!! I thought the financial representative was asking the information soley for the purpose of determining how much out of pocket we'd need to pay IF my son decided to attend the school. It was at the end of the financial meeting that I realized what had happened and I vehemently stressed that we unsure he'd be attending that we'd come only seeking information to help in the decision. I was reassured that until he actually showed up for class on the first day, that there would be no monies requested on the loans (turns out there were 3 - subsidized, unsubsidized and parent plus).
Well, a couple days later, I contacted the school to say my son wouldn't be attending. Okay.... no problem.... funds won't be requested. Then, in November, we received his class schedule!! Called ITT again stating that he wasn't attending (and this time, I requested and received an email confirming that he wasn't registered for classes).
NOW..... today I find that two disbursements were made (one on the subsidized and one on the unsub), totalling almost $1,900.00. Called the school - told them this 'reeked of fraud'. Their reply? So sorry.... it's an automated system and it must have fallen through the cracks. The money was disbursed on January 5th and here's it's the 12th and they haven't returned it. How can this 'fall through the cracks', when I repeatedly called them? How many other people does this happen to? No wonder their books/stock look good - they're billing for and receiving money fraudently.
Hopefully, this will work itself out. Son is now attending the state college for a fraction of what ITT would have cost.