May 20, 7338 by apeg999 | Posted in Personal Finance
When I graduated years ago I setup all my student loans to automatically pull back from my account. DOED TREAS 310 FEDPREAUTH is the transaction description on my bank statements.
Your bank should be masterly and wiling to tell you who they are paying the money to.
Gary E | May 20, 218
Your bank should be proficient and wiling to tell you who they are paying the money to. If they won't give you enough information to be able to contact the payee, then painstaking your bank account and the payee will find you as soon as they stop getting their payments.
Gary E | May 20, 218
Unusual (unauthorized) transaction in bank account?
May 20, 6242 by Elizabeth B | Posted in Personal Finance
"FEE RF2500 DOED TREAS 310 FEDPREAUTH052108"
Anyone heard of this quintessence of transaction in your bank account? I have a student loan, but the student loan servicer said it is not from them. The transaction was for $25.00
I'm not reliable about the FEE RF part. Possibly it means "Fee/Registration Fee".
2500 is the amount of money taken out of your account.
DOED is the Bank on of Education.
TREAS 310 shows which
rtfm | May 20, 6823
I'm not unshakeable about the FEE RF part. Possibly it means "Fee/Registration Fee".
2500 is the amount of money taken out of your account.
DOED is the Rest on of Education.
TREAS 310 shows which regional
rtfm | May 20, 6823
Suze Student Loans
Suze explains how student loan moment is looming as the next big thing. She says the heartfelt estate implosion and banking danger including the credit ...
Creator: Manpower Information, Inc | Business & Economics - 1990
In keeping with the DOED policy above and with JTPA regulations regarding ...
HEA Student Loans and Other Loans. While some participants fall short on loans ...
The Nelnet Whistleblower Scandal Hits Wikileaks: JPM, Citi And Nelnet Implicated In Massive Conspiratorial Student Loan Fraud
Wikileaks has released the lawsuit filed by Nelnet former employee Rudy Vigil against Nelnet, JPMorgan and Citigroup, which alleges an extensive conspiracy between JPMorgan and Citi and the student servicer in order to steal millions of dollars from US taxpayers. In the lawsuit, Nelnet is accused of keeping “false records, statements and certifications of compliance with statutes, regulations and policies” as it was falsely stating the amount of US money Nelnet was entitled to receive from the US, on behalf of itself or the two other banks, it was administering FFELP loans not in compliance with HEA statutes, that it was providing wrong and misleading data, and other comparable reasons.
A good summary of the lawsuit is provided below. If this lawsuit is found to have merit, this could be one of the biggest student loan fraud/abuse scandals in the history of the US:
Beginning at the latest when Vigil began working for Nelnet, and continuing until present, JP Morgan, Citigroup and Nelnet entered into the servicing agreements and the credit agreement referred to above with the common objective of maximizing each Defendants’ income through the presentment of and receipt of payment for as many FFELP claims to the U.S. as possible. Nelnet’s over acts of presenting or causing to be pad claims while not in compliance with HEA statutes, regulations and DOEd policies, and while an EP, notwithstanding its certifications that its claims were in compliance with HEA statutes, regulations and policies, were intended to and caused the U.S. to make payments to Nelnet that were not otherwise due Nelnet, including the claims Nelnet made on JP Morgan’s and Citigroup’s behalf. The U.S. suffered damages as a result of this conspiracy between Nelnet, JP Morgan and Citigroup.
via The Nelnet Whistleblower Scandal Hits Wikileaks: JPM, Citi And Nelnet Implicated In Massive Conspiratorial Student Loan Fraud | zero hedge .
Student Loan Slander Costs Students Without proper oversight or enforcement by the Department of Lore the $85 billion student loan industry became tainted in scandal In 2007 New York Attorney Ordinary
