While waiting for a new form to complete, the loan went into default. Students know how to get refund checks but don't know the consequences of the loans. Parents are usually left out of the loan process. They cannot assist their student on decision making. Often parents do not know the student is receiving refund checks.
Students can apply for loans without parents being informed.
Parents are not aware of loan obligations or if student withdraws from school. Students need explanation of maximum timeframe and maximum loan limits at initial application. The counselors at Devry seem to take more time explaining financial aid to students and checking out financial aid options. When money is received, it is applied to account promptly. We get our money.