I went to American Commercial College in Abilene, TX for a medical assistant. My tuition was $12,700 in all. I recieved a federal pell grant for the 2009 school year totaling $4,731, and loans from sallie mae totaling $9,500. I recieved roughly about $3,200 in exspense money (which I thought was left over from my loans $9,500). I starated my third semester in summer of 09 which was only 6 weeks, and was promised that I would be sent on an externship the whole semester, which did not happed. So I have been enrolled for the third semester and not even going because they have no where to send me on my externship. I was told at the time of enrolling that all I would have in loans was the 9,500. Now I recently just recieved another letter from financial aide saying that I am scheduled to recieve a $5,350 pell grant, which only $1,338 has been paid to date. Then I recieved the same day a letter from a totally different bank called direct loans saying that two checks in the amount of $561 and $560 (subsidized) were disbursed on the 37th of August and another two checks (unsubsidized) in the amount of $747 each were disbursed the same day as the two listed above. So I dont understand how they are recieveing this much money without my knowledge of them even taking out another loan. There are many students complaining about the cost and where the money is going. Adding up all the money that they have recieved on a $12,700 tuition, I am coming up with over $18,000.
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