Yes! They told me I would be able to use my credits to transfer to a bigger school after, but I found out when I tried to transfer that they weren't even accredited and my credits aren't worth anything!
Was there anything that would have made you ineligible to receive a loan at the time that it was issued?
I don't think so. My parents didn't say anything about that happening when they applied for the loan for me.
Did you sign your name to any of the loan paperwork at the time the loan was obtained?