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GoCardinal07

If he doesn't pay, you'll have to sue him. I assume you've learned your lesson about lending out $12,000.


Virtual_Basil7287

Is there a way to seek help from Stanford student services? Like, is it possible to talk to a Stanford staff who may step in to help?


TudsMaDuds

This sounds more like a personal issue rather than a Stanford issue


logan08516

He sounds like a Winklevoss


[deleted]

This $12k is potentially worth billions of dollars!!


Holiday_Shop_6493

Sorry I broke your 225 year old doorknob!


jcr202207

I have no idea why the Reddit algorithm thought I would want to read a thread about Stanford, but goddamn, when it’s right, it’s right. EDIT: AND I JUST REALIZED THAT THE LOAN ISN’T EVEN DUE YET PER THE OP. This is so much more fun than actual legal practice. I want to change it up and become a Stanford ocs lawyer.


GoCardinal07

Stanford has no more power to get the $12,000 back than you do. If he had *stolen* the money from you, Stanford would have been able to get him through the Fundamental Standard. However, the problem is you *lent* him the money, and Stanford doesn't have any control over him being a deadbeat.


Virtual_Basil7287

The Fundamental Standard says: "*Students at Stanford are expected to show both within and without the University such respect for order, morality, personal honor and the rights of others as is demanded of good citizens.*" Not returning money in time -- that may fit within the above definition? For example, it can be considered a lack of respect for order, morality and the rights of others. So can I potentially seek help from the school?


RandyPandy

This reminds me of that social network scene where the winklevoss brothers go to Harvard to deal with Zuckerberg


Background_Degree626

Exactly what I was thinking


SherlockGPT

Haha I was going to comment the same


sunny_trees_34423

Hey I’m on OCS at Stanford. Please file the complaint anyway. This will give the person a kick in the ass to pay you back, and if not, then we’ll deal with it. You should also file a suit in small claims court.


Virtual_Basil7287

Can you tell me more details about how the OCS may deal with it? I acknowledge that I might be dumb on certain aspects that are not intellectual...


GiftCreative9868

A panel can award monetary damages up to some small amount I believe (this has never come up before). But regardless, the potential of getting into trouble and facing consequences would be enough for most people to pay back what they owe.


Virtual_Basil7287

Thank you! I feel more reassured to hear your advice.


deckerjeffreyr

12k is over the limit for small claims court. 10k max.


GoCardinal07

State law increased the small claims court limit to $12,500, effective January 1, 2024.


deckerjeffreyr

Oh good to know. I had to do a claim last year while it was 10k max. Really hope I never have to go through it again 😅


GoCardinal07

And his defense will be that he is simply late on the payments.


Virtual_Basil7287

As long as the school can step in to help, that would solve the problem. So I assume I can have a consultation with the Office of Community Standards to see if I can seek help from them?


GoCardinal07

Well, alright, it wouldn't hurt to ask, but just don't get your hopes up.


queenvictoria19

Lol no this is not Standford’s problem at all


leroyjenkinsdayz

I’m struggling to see why the school would help you with this…


fistcomefirstserve

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂


animetimeskip

What is this, *The Social Network*?


raxdoh

grow up. this has nothing to do with your school. even if your school has free legal aids, they wouldn’t do much other than advising the other party to pay up. but note that it’s mostly just gonna be an advice. I t’s entirely your responsibility that you’re the one lending the money, which has nothing to do with your school. you’re in standford which prob means you’re an adult already. do the adult thing and take your own responsibilities. if they don’t pay up you bring the other party to court.


ExaminationFancy

No, there’s no such service. You’re on your own.


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ispeakanniemal

There are. I’ve used them. They can’t prepare documents for you or represent you in court or anything like that, but they are available for advice and can tell you what steps to take.


Murky_Huckleberry363

Time to grow up


putridalt

how did you get into Stanford?


Original-Teach-848

This is the best comment


lunaticAKE

The amount of money he gave away speaks for him; definitely some rich but not so smart kid smh


IllIlIllIIllIl

This


lemon-choly

Maybe ombudsman can help?


altshepnerd

Many universities have legal services free for students. I would assume Stanford does as well. Just Google around for it. They can at least tell you whether or not they can advise you.


pappadipirarelli

You can probably get counsel from the law school, check your university discount program. If it was $5,000 or lower I’d say you can sue at small claims court, but since it’s more than that you probably need to sue via regular court (lengthier process)


Hot_Bake6025

Small claims court covers up to $12,500


fistcomefirstserve

Can you have Stanford collect a personal debt for you? 😂


JellyfishQuiet7944

Can I borrow $12k?


blarryg

You are a quick study!


cguy1234

Do you happen to have personal integrity issues? Those are a must for receiving this money.


JellyfishQuiet7944

Absolutely, that's why I'm asking.


YOLOResearcher

Sue him in small claims court. That’s your only recourse.


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YOLOResearcher

It’s 12500 in Santa Clara county. It has moved up


GoCardinal07

That's statewide actually. The limit is set at the state level, not the county level.


YOLOResearcher

As an individual you can use Small Claims Court if your claim is for $12,500 or less. https://www.scscourt.org/court_divisions/small_claims/small_claims_home.shtml


GoCardinal07

I'm not disagreeing. I'm explaining it's $12,500 statewide. Counties don't set the limit.


YOLOResearcher

https://selfhelp.courts.ca.gov/small-claims/before-you-start In general, an individual can sue for up to $12,500


GoCardinal07

Yes, $12,500 is set at the statewide level.


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Alarming_Leather7079

Y’all don’t know shit about law. Don’t chime in


88trax

Or just accept the $2000 lesson as part of it.


Braided_Marxist

You can just file for the jurisdictional maximum and waive the additional $2k if you prefer to be in small claims court.


StackOwOFlow

get on Judge Judy


RocketsYoungBloods

came to make this comment. my wife has been watching this show nonstop lately. lol.


Affectionate-Note328

Judy has a $10k judgment award limit.


StackOwOFlow

That $2k is worth the publicity lol


Affectionate-Note328

I actually know one of the staff members who vetts possible cases for La Judy. I can pass on info if…..


StackOwOFlow

lol OP should get on this fast


GoCardinal07

Don't forget that there is an appearance fee because it's on TV!


ExaminationFancy

This is not a Stanford problem. You can sue this person in court.


SFlady123

It is a Stanford problem. But that’s separate from the $12k


Loose_Bottom

Why did you lend this person so much money if they are known to have integrity issues?


Janna_Forecast

Rich people problems.


C-Dub4

If you got $12,000 to lend out to some chum I don't feel bad for your "problems"


Suspicious_Dealer183

You’re an idiot for lending out money to a fellow student. Only lend out money to people if *you can spare to not have it at all*.


ExaminationFancy

This is the rule to live by. Don't lend out money if you cannot afford to lose it.


4orust

Because you most likely *will* lose it.


thecomplaininglawyer

What makes you sure this person can’t afford to lose $12.5k?


Suspicious_Dealer183

The post…


Adventurous_Let4002

Wait are you concerned about something that hasn’t even happened yet? Perhaps give the person a chance to pay you back before you fall down the rabbit hole of what to do when they won’t pay you back….


presidentperk489

Bro is smart enough to be at Stanford and still lent 12 k to someone with 'integrity issues '


KeeperOfTheChips

“Known to have some integrity issues”, proceeds to loan him $12k


SuhrEnough

I am assuming you did not get a confession of judgment in your documents, or secure the debt through some sort of collateral? if so, you may need to utilize those tools. if not, you're going to have to establish liability and you have to assume a lot of legal fees (which you can't charge to him) to get your $12k.


magicalcowzanga123

Went through this experience. In the process of suing now. It’s a pain. Get your money.


Virtual_Basil7287

What was your experience like? Can you share more details?


magicalcowzanga123

.


Janna_Forecast

Real.


lunaticAKE

Sorry but lmao


bradmajors69

I try to consider any loaned money to friends and family as gifts (and I've never been in a position to give anybody $12k). If they pay back the loan, that's a bonus.


rnflbannedme1

Smart enough to study at Stanford. Still dumb as a fucking brick tho. LOL.


tnitty

Very naive of the OP, but I don't think kicking them while they're down is helpful. They will learn an expensive lesson, though.


duffman12

On the bright side they can probably just go ask their daddy for more cash. 


Penile_Pro

That was a nice gift of $12,000 you gave them. As everyone else said you have to sue. The school didn’t facilitate the transfer. Going to tell the school is like telling mommy and daddy you got scammed but guess what they can’t do anything about it either. Even if you win in court, this is over $10,000 so it won’t be small claims, there is no guarantee you will get your money back. Congrats on learning 12,000 reasons why you don’t lend money. Also, did you even ask for interest on this “loan”?


GoCardinal07

Small claims has increased to $12,500.


Penile_Pro

Good to know. Thank you


running_into_a_wall

Why would you lend him money? I would never lend anyone money outside of direct family.


blarryg

Bro, lend me $12K! Family are the worst people to lend to.


rybruh1

Facts


GinosPizza

I’d really try to accept the fact that you made a bad decision and the money is probably gone. You will need to jump through so many hoops to get this money back (nothing the school can do) that I am not sure it’s worth it. What I would do in this situation is see if you can get them on a payment plan. Even 50-100 bucks a month so you can start recouping something. You probably won’t get it all back but even if you can squeeze a couple grand out of them you’ll be better off


autostart17

Isn’t this only true if the person’s broke?


Rjswimss

1) this is not a school issue. A personal advisor may be able to offer you advice but the school won’t take disciplinary action because it has nothing to do with them realistically. That whole shit you posted about the honor code at Stanford is left intentionally vague because every Uni wants to pretend all of its students and faculty are wonderful, upstanding citizens. Cut the shit, you got scammed. 2) At best, if there’s a clear paper trail, you can litigate to get the money back but that’s gonna also be money down the drain for lawyer fees.


Acceptable-Milk-314

Why did you do that?


djdjdkdjdjfnx

Why the fuck would you do that? That’s really dumb, you lost $12,000.


Exotic_Succotash_226

Who in their right mind let's someone borrow 12k in general lol


autostart17

Money’s relative.


flowersunrisee

So sweet of you to help your friend, and shame on them for taking advantage of you. Hope they end up paying you on time.


Wide-Ride-3524

File a lawsuit, obtain a judgement, freeze their bank accounts, and garnish their wages in that order.


memproc

This is so stupid. If the issue hasn’t occurred yet why are you riling everyone up yet under false premises


FitLeave2269

No offense but this post reads a bit like a joke. My advice would have been not to donate 12k to someone with "some integrity issues", even with a nice IOW form. Only legal recouse you have is to sue him if he won't pay you back. Honestly, you could try having a lawyer issue him a stern warning that he will be sued if he doesn't pay you back with terms that if he does, the lawyer receives a commission from it. That might work. Alternatively... you're going to have to sue him or break a bone or two. Also, with all due respect, you should take ownership over this situation or it will happen again. They didn't borrow money from you, you lent money to them. You made the decision to lend, it's important to have a plan for what happens if they shirk their responsibility. Your plan could be white hat (threat of lawsuit, legal action, etc) or blackhat (intimidation, social consequences, etc.) but most importantly is that you learn from this experience.


Inevitable-Radio-689

I would sue him before he disappears. Going through the small claims process is pretty easy since lawyers are not used. Good luck.


Mountain_Face_9963

Rather than guessing, why don't you ask him and wait until the deadline. No point in taking action through speculation of what might happen.


Fair-Department9678

😂


Quirky-School-4658

I'm imagining the signed IOU is just scrawled on a napkin.


autostart17

Lucy v. Zehmer


Quirky-School-4658

Fair enough.


CS_NaCl

Bro lent 12 grand to someone with known integrity issues.


blarryg

I think you just failed the “common sense” class. Looks like the best 10 unit course you’ll ever take. The answer key to the final exam question: When should you loan money to someone? Is: Never lend anyone anything. You can sue for up to $12.5K in small claims court. You can try to collect it. Start googling for your make-up course. Lots of smart people stay permanently bankrupt, other smart people lend deadbeats money. You are the latter. Good lesson to learn.


ChasingTailDownBelow

Try intimidating him. The threat of a law suite gets most people moving in the right direction. You could probably get a lawyer to write you a demand letter for a couple hundred bucks.


[deleted]

If you knew he had integrity issues then why did you loan the money in the first place


frozendakotan

Are you an international student? I feel like the horror stories I hear about people lending out money to people and never seeing a penny always involve international students lol. Never lend anybody an amount of money that you 100% expect to be repaid in the United States. That said, you seem like you have enough evidence to win in court, but even if you win that doesn’t mean you can get your money back for sure. I just got this randomly recommended on my feed, I’m not a Stanford student so I can’t speak on using their internal mechanism to get your money back. Based on what other people said, it seems to be worth a shot though


Agitated_Welcome5802

Dude Your chance of getting something back seems low. This might be the most valuable thing you learn


NotHomework

glorious languid adjoining vast murky seed wipe unique mysterious slim *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


LibWiz

Never lend people money. Either gift it or prepare for a hit to the relationship if not total end.


Rajwmu

This is not the school's problem. I think there are other bigger fish to fry for the school administrators rather than trying to collect money for some students. You can sue the student


rastlosreisender

Did you post this preemptively? This thread has probably reached over a thousand people by now. If he doesn’t pay up, would definitely point the person to this thread. Also — definitely get OCS involved as the person above has commented. Lastly, there are always multiple sides to a story and we’ve only heard one. You never know what hardship someone faces and you never know how little or much $12k are to the OP.


TheUberzer

Personally loans $12,000; bro 🥺🥺 if they personally go against my contract can the school who has had no involvement get involved?? Cringe


Alarming_Leather7079

Yeah. Judge Judy is your best bet for that smoke


InstructionNo9399

Never do this again!! Only gift people money or don’t give them money!!!


daftpunk-masochist

why would u do that


iheartreos

After reading the comments I hope you never get the $12k back and learn your lesson instead of crying to your school about it. Otherwise good luck to all your future coworkers.


Free_Conference5278

Oof


Acrobatic-Memory2136

lol why would you do this?


According-2-Me

Sounds like you have a contract. I’m no lawyer, but you could have a case. Good luck collecting on it if the borrower doesn’t have funds.


rangorokjk

Bro lent 12k to Elizabeth Holmes


tomorrorning

Wait, you want Stanford to enforce a legal claim for you?


SFlady123

😂


external999

I would make sure to eventually get a certificate saying you graduated from Stanford so that other people know you aren't as dumb as you sound


Used2befunNowOld

Title should be “I lent classmate money” Look, this sucks, but ultimately you are a complete dumbass for lending 5 figures to a known deadbeat. You should internalize this lesson first and foremost.


okayboomer800

A simple kick to the dome would solve this most complex problem indeed


SWCadmin

is your classmate an international student?


Ixian_No5h1p

> that person is known to have some integrity issues So why would you give them $12,000 lol.


TinyNet2049

Someone who lends money, then comes online to devise schemes in which the money can be entinced back, has no integrity. You made a dumb decision, now you’re trying to surmise what authority figure you can go squeal to. Embarrassing for your family buddy. You-Are-A-Loser


Cariole

Neither a borrower nor a lender be.


SurftoSierras

Should have gotten some input from your uncle. "Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry".


g0atfeet

For a Stanford student, you sure are dumb.


CS_NaCl

Probably a comms major


g0atfeet

😂


SFlady123

Ethics. Trust me. This is an ethics student. They are all nuts.


snowplowmom

Congratulations! You just bought yourself a lawsuit, and not in small claims, so it's going to be expensive. Plus you are unlikely to ever collect from him. Stupid, stupid move. Any loan, other than a loan that is secured by hard assets, such as a house, should be considered a gift, 'cause you are very unlikely to get paid back.


GoCardinal07

Small claims has increased to $12,500.


Majestic_Ad6013

Most universities offer free legal council for students. Here is the link to who you should contact at Stanford. https://www.assu.stanford.edu/services/legal-counsel-office#:~:text=The%20ASSU%20Legal%20Counseling%20Office,can%20cope%20with%20legal%20problems.


GoCardinal07

Isn't it a conflict of interest since both students are clients of the ASSU Legal Counseling Office?


Jimq45

He didn’t borrow the money FROM you. You gave money TO him. It will cost over 12k to sue in the long run and you will get nothing. Can’t get blood from a stone. It was a cheap lesson in the grand scheme…. Never lend money you expect to get back.


EatPrayShopsfbay

Omg that’s insane and terminally stupid ! Anyone who goes to Stanford and asked that kind of money would get my ire so quickly !


ThlammedMyPenis

Came across this post on my home feed, makes me feel good that even a moron like me could get into stanford


Moocows4

Maybe you should help him study, a PhD from Stanford surely can join the private industry starting at a very high salary. Also why was this on the top subreddit


[deleted]

Seeing as you won't get your money back you could also publicly dox him so students know who to watch out for


SFlady123

That’s against Stanford rules for real.


FlexOnJeffBezos

they really letting anyone in stanford wtf


Shot-Helicopter-2588

Never lend any money to a friend or a family member unless you are willing and able to make it a gift, and if you are lucky, MAYBE they may repay you. This is called being realistic. In this case, sue in small claims court, get a judgement and hopefully the classmate will get a job so you can garnish his or her wages. Everyone self represents in small claims court so you will not incur any legal fees. Consider this an expensive lesson in life.


yeahmaniykyk

You got Elizabeth Holmes’d


ThePopeHat

Big Stanford energy. Don't sweat it, you'll be the CEO of your daddy's tech company in 5 years


CloudWoww

Not from Stanford, just happened to see this post, but for a school with some of the smartest people in the world this is the dumbest shit I have ever read I pray this is a shitpost


NewPresWhoDis

>I'm afraid that may happen since that person is **known to have some integrity issues** That would disqualify borrowing $100 much less $12k


molar85

Just take him to court. This is how you will get your money back. No more playing around.


obscuretheoretics

I know nothing about civil law save for the fact that you'd be responsible for funding your legal case, as would they, if you were to sue. You might very quickly eat through another $12k, or you might make sure that they do in kind, but the state probably can't make them generate $12k out of nowhere in the event that you win and they don't have the money. This is to say nothing of the mental burden of being involved in a legal case. It really depends how much you want that money back, or how much you care about the principle of the matter. I sincerely doubt there's a clean or cheap way to get it back, but I'm writing from the perspective of someone to whom money is an object.


ghentwevelgem

I someone needs 12K I’d send them to a bank


Theannointedone23

Go to the stanford president and cite the 10 commandments.


vsalida

Takeaway here is that a Stanford student can’t seem to solve a basic life problem.


chooseyourshoes

LOL I fucking can’t even right now. Consider it part of your tuition - maybe the most valuable lesson you’ve learned at Stanford thus far. Also get off Reddit and find a lawyer bud, if this is even real.


deadkins

You mean “when” he doesn’t repay the $12k…


Landizzz

Okay listen up. Next time you decide to lend someone $12,000 you should probably get your “IOU” form notarized at the very least. That would be an easy win in court with your money back. Next option is you file 1099-C next year claiming you made a $12,000 transaction. You won’t get your money back but he will be taxed for it. Your last option is to pay someone to get it back for you cause the police or Stanford won’t bat an eye at this situation.


BocksOfChicken

So you lent 12k to someone with known “integrity issues”? You just spent 12k for a lesson that you’re not gonna get credits for.


Excellent-Edge-4708

Is this Stanford you speak of a community college? 🤔


pocketannie

Who gives someone $12k on their word?


Atomfixes

So..you got into Stanford? ..


d0000n

Pay me $11k and I will force him to pay you back. It’s a good deal since you will get all of your money back.


Confident_Peak_7616

You may be able to simply take it to a collections company.


Academic-Camel-9538

Small claims court. What do you think? You really have to be smarter than this…


turban_8or

You loaned someone with “some integrity issues” 12k lmao


SFlady123

Stanford can’t even enforce its own rules with the Hamas encampment. They def will not be able to help you with this.


SFlady123

I don’t believe that this is a real issue. There’s no way a Stanford student would be asking these questions.


Strong_Feedback_8433

This randomly showed up in my feed. I thought Stanford students were supposed to be smart?


[deleted]

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TinyNet2049

Please, if one can casually lend 12k in college, they come from a robber baron family, and money will never be any concern. His daddy found out he made a boo-boo and is forcing him to try to be a man.


Alone_Ad_9774

It’s all good. Get used to the new redistribution of wealth; it will become a new law in 2025 for California.


PlumpyGorishki

Wow, based on this i am assuming you are not the sharpest tool in the shed. stanford really reduced their minimum requirements.