paying back loans if you drop out

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.

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paying back loans if you drop out

Postby Kulax22 » Tue Aug 17, 2010 9:27 pm

I am very wary of going to law school suddenly. I cant bring myself to take these loans out and be in debt, and I really want to figure out what happens if you drop out in the first semester or two. Does anyone have a clue as to how easy it is to pay up your loans and go back to square one?

On a somewhat similar note - if I have a relative who can help pay for me, I'm assuming I should wait for him to do so AFTER I'm done law school, because it could throw off my financial aid allotment.


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Re: paying back loans if you drop out

Postby bankcruptcypenn » Wed Sep 01, 2010 9:15 pm

You should have to decide if which one is your priority. If you wanted to pay off your loans, it's better to drop out your law school in order to lessen your expenses. After your loans paid it's time for you to continue your school.

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Re: paying back loans if you drop out

Postby presh » Wed Sep 01, 2010 9:28 pm


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