Recieved a message from financial aid confused?

This topic was created in the Education & School forum by Bigbear17 on Wednesday, August 15, 2012 and has 2 replies.

Profile picture of Bigbear17
@Bigbear17
14 Years

I have an 3.8 GPA and I need to leave school for a quarter. Important, will financial aid lower beneficiary check amount? In example a cash loan company with interest rates for delay.

Profile picture of rockyroadicecream
@rockyroadicecream
14 Years10,000+ Posts

More info needed? Your title doesn't even match what you wrote.

Your loan is set at x amount per quarter/semester. If you don't enroll in any classes, they shouldn't send you anything for that term. However, when you return, you should get the typical x amount for that term you're going to attend.

In cases of lack of attendance is when you aren't full time status, that will lower the amount received.

Also, if you attend and drop classes in the middle of the term (some schools go with 60% completion in a term, and some wait til the term is over to determine if you stayed the entire time) they will either lower your check or request x amount back (maybe some just deduct the amount from the next term's check).

You should really contact your financial aid office instead of asking DXP...