This student has not indicated whether the "communication" with the university was in writing and whether the communications with the school included the registrar's office, accounts receivable and the financial aid office.
This student needs to both locate each and every written communication between the school and himself and contact a debtor's rights attorney., Without looking at the contracts this student signed (while this author has his doubts as to actionability), it would impossible to opine as to whether the student can in-fact sue the school).
This answer contains information intended only for the use of the individual or entity named above and may be protected by attorney-client privilege or work product doctorine. However, the mere receipt of this answer, alone, is not sufficient to create an attorney-client relationship. If the reader of this is not the intended recipient or the employee or agent responsible for delivering it to the intended recipient, any dissemination, publication or copying of this answerer is strictly prohibited. The sender does not accept any responsibility for any loss, disruption or damage to your data or computer system that may occur while using data contained in, or transmitted with, this answer. Should the reader have any questions please feel free to contact Attorney Kotler at TBKotler@sbcglobal.net or 330-777-0065 Thank you and please indicate if you found this answer and / or the link(s) helpful.
An institution correcting what amounts to accounting discrepancies when conditions allowing a loan are altered for some reason, does not mean that they acted improperly. However, if the terms of the loan did not allow the school to act as it did, and even so, if you detrimentally relied upon their error and lack of alacrity in correcting it, causing you harm, you may be able to fashion a claim. Contact a contracts attorney with all the pertinent documentation.
If you found this "helpful" or "best answer," please click it with my appreciation. My response is for educational purposes and does not constitute legal advice nor creates an attorney client relationship which requires all the details and a personal conference.