Unfortunately for you and many others what happens in life is not always fair. My suggestion is that you have a face to face meeting with the dean of students at your school to see what can be done to accomodate you such as reducing the harsh terms of the loan and the like. If such does not meet your approval then you need to go over the dean's head and have a meeting with the board of director's of the school to see what can be done for you.The school should give you the same terms on what you owe as what you would have received had the loans been sent timely. I suggest that you consult with a consumer law attorney to assist you in your matter.