Do I have to pay back financial aid or student loans?
I have like enrolled into a school a week ago (sullivan and cogliano) which is like a training and job placement program but I never went because I am no longer interested in the program, so I would like to know would I have to pay back any financial aid or student loans if I never started school.
You did enroll, and you did apply for funds on a loan. Did you receive the funds? If your answer is yes, then you are obligated to pay back the loan. Was your financial aid in the form of a scholarship? If your answer is yes, then you need to check with the source of the scholarship funding to find out whether that money can be used for other purposes. The most reasonable answer is yes, you are expected to give back the funds which we intended for your education but not used.
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This entry was posted on Friday, July 24th, 2009 at 7:29 pm and is filed under student aid loans. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
Sometimes. The best thing you can do is call the school and tell them you want to withdraw. Because if you do not, you WILL have to pay back all that financial aid.
References :
August 23rd, 2009 at 1:55 am
You did enroll, and you did apply for funds on a loan. Did you receive the funds? If your answer is yes, then you are obligated to pay back the loan. Was your financial aid in the form of a scholarship? If your answer is yes, then you need to check with the source of the scholarship funding to find out whether that money can be used for other purposes. The most reasonable answer is yes, you are expected to give back the funds which we intended for your education but not used.
References :
August 23rd, 2009 at 2:37 am