Financial Information
Do i have to pay any Financial Aid back if i drop out after my first semester if i passed all my classes.?
Question : Do i have to pay any Financial Aid back if i drop out after my first semester if i passed all my classes.?
I’m planning on moving and this college isn’t for me so i want to leave after the first semester is over and was wandering will I owe any money or have a problem asking for financial aid in the future. I am passing all my classes and planning on leaving the last day classes for the first semester.
financial planning classes
Best answer:
Answer by Flying_Buddha18
That depends, Loans obviously you have to pay back regardless of what you do. But State/Federal Grants you don’t have to pay back. And getting out of this college wont affect your financial aid eligibility.
If you’re planning on pursuing a degree at another college within the next 6 months, your current college will drop your loans, and the new college will pick them back up if you submit it on your fafsa. If you just plan on dropping out and joining the workforce, you will have to start paying on the loans within 6 months. Trust me, I’m doing the same thing right now.