What happens if you withdraw right before the semester?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
flexityflex86
Posts: 973
Joined: Thu Mar 10, 2011 6:06 pm

What happens if you withdraw right before the semester?

Postby flexityflex86 » Fri Jun 03, 2011 4:12 pm

If I get off the waitlist at a school, and don't attend a school I've already taken out student loans for - what happens? Can the loans be returned or do I eat a semester of $?

MP24
Posts: 38
Joined: Tue Feb 01, 2011 3:15 pm

Re: What happens if you withdraw right before the semester?

Postby MP24 » Sat Jun 04, 2011 8:49 am

Assuming that you still need the loans at the school you decide to attend, the loans can just be transferred. If for some reason, you don't need the loans at the other school...then they can be canceled. Just make sure they are canceled before they are disbursed or you will have to return them + interest.




Return to “Financial Aid”

Who is online

Users browsing this forum: ReeseWitherspoon and 2 guests