I was out over the summer and when I went to enroll in my class,it was full. I only have two classes to choose from,both of which are full. My aid is up to date through 2007. Will it be effected at all if I sit out this fall also? Thanks
2006-08-02 04:02:06 · 11 answers · asked by dancemom 2 in Education & Reference ➔ Financial Aid
Geesh, why do people answer questions that they obviously dont know the answer too? Don't listen to those who say u will lose it or its a sign that u cant commit,
Anyway, financial aid is awarded based on income and the credits you are planning on taking. If for what ever reason, you wont be taking those classes you will not recieve the money. But when you return to school, the money will still be there. The exceptions are....... Student loans, if you have a loan you will be expected to start making payments since you will be off school for 2 semesters AND the other is that if you return to school after the the award time has expired you will have to reapply for financial aid.
2006-08-02 04:10:26 · answer #1 · answered by woman38 5 · 0⤊ 1⤋
The answer depends greatly on what kind of financial aid you are talking about. Grants, Loans, Federal aid are all handled different. Even between different types of loans you may be forced to start paying back after being out of school for a certain period of time.
I would contact your financial aid department to figure out your grants and other financial aid programs through your school. But, if we are talking about loans you should contact the financial institution that holds your loan. They are all different and will be able to tell you if taking a couple of semesters off will effect your standing.
Good luck and hope all turns out well.
CL
2006-08-02 04:11:11 · answer #2 · answered by CL 2 · 0⤊ 0⤋
It depends on the kind of aid and the school's rules. I was able to sit out for a semester and maintain financial aid. But it is extremely sitiuation dependent. Go talk to your financial aid office--they're usually very helpful people.
As a side note, summer usually doesn't count for financial aid--the assumption is that you are not going to attend summer...many times you can't even get aid over summer.
2006-08-02 04:05:51 · answer #3 · answered by Qwyrx 6 · 0⤊ 0⤋
Ask your financial aid office. I don't know the answer but I think that if you want your aid to still be there...you have to maintain "full time" status or a minimum level of credits to continue receiving it. Don't mess around...and by the way...if you plan on working, while you sit out...what you make during your "sit out" period could also affect your level of aid...
GO ASK YOUR FINANCIAL AID OFFICE!!! That's who has the answers you need.
2006-08-02 04:06:09 · answer #4 · answered by RUNINTLKT 5 · 0⤊ 0⤋
If you are working towards a degree and have the financial aid set for this degree, then it will wait for you to finish the classes. I am not sure if you are taking general classes.
2006-08-02 04:07:23 · answer #5 · answered by candllewax 2 · 0⤊ 0⤋
Talk to your Financial Aid office.
2006-08-02 04:04:37 · answer #6 · answered by DMBthatsme 5 · 0⤊ 0⤋
Isn't financial aid reflected upon whether or not you are a full-time student?
2006-08-02 04:04:28 · answer #7 · answered by Belle Noir 3 · 0⤊ 0⤋
You will most likely lose your financial aid.Why not try getting an add slip for the classes you want to enter.Most instructors will add the first five students who are there.
2006-08-02 05:53:43 · answer #8 · answered by Jenna 3 · 0⤊ 0⤋
No, you'll probably lose it. They see this as a sign of not being able to commit. They will most likely yank your aid.
2006-08-02 04:04:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You can only collect if you're a student, and if you have loans and stop attending, the clock to start repaying starts.
2006-08-02 04:05:23 · answer #10 · answered by ceprn 6 · 0⤊ 0⤋