should i hav 2 pay back financial aid if i withdraw from the semester do 2 me leavin soon 4 the air force?
146147
Yes, you have to repay any loan funds that you received whether or not you completed your schooling.  If your loans are Federal, before they were disbursed, you would have signed a Promissory Note in which you agreed to repay them even if you didn't complete your program.\n\nHOWEVER, if you are on active duty, you can apply for a deferment of your loans (your lender can provide you with a Public Service Deferment Request form, which is also available online in numerous locations).  If you had a Perkins Loan or NDSL, you may also be eligible for partial loan cancellation -- check with your lender for that form.
311143
Hi, RecoverySue:\n\nFirst, your credit report is NOT the best indicator.  Don't rely on that.  Sometimes, it takes months or even years (if ever!) before a creditor reports to a credit agency.  If they don't report on a regular basis, you could still owe money and be delinquent, and never know!\n\nHopefully, you still have your loan paperwork.  If so, contact the phone number listed ASAP.  In general, I've had good experiences with student loan companies, however, they have hundreds of thousands (millions?) of accounts so don't rely on them to follow up with you.\n\nIf you don't have your loan paperwork, contact your college for the contact information for the loan company.  They should have it.\n\nIn general, the guideline is this:  If you dropped out of school DURING the allowable time and you were entitled to a refund of your tuition, then that tuition money should've been credited back to the financial aid office.  However, if you dropped out AFTER the deadline and you can't get any refund, then you may be (and probably are) still responsible for 100% of the tuition that was loaned to you.\n\nWhatever you do, don't delay in finding out.  The longer you wait, the harder it is to get copies of medical records and other information that may help strengthen your case.  Also, if you need to be put into a repayment plan, you need to know that ASAP before your loan goes into default (which results in higher interest payments, nasty letters, etc.).\n\nI've attached the link below to the FSA/US DOE Web site, which may help you, if all other attempts to contact the school and reference your loan paperwork fail.\n\nGood luck!
610351
No, these things are highly regulated.  \n\nYour money can't even be disbured until the start of school, so registering but not attending isn't an option.  And if you enroll but then withdraw from classes (or drop out, or skip town) before completing 60% of the semester, all of your Federal financial aid will be pro-rated based on the actual number of days you completed.  Most schools disburse Financial Aid at the start of each semester and then closely monitor their students' eligibility.  When they are notified that a student is not enrolled or isn't taking enough credits, the school is required by law to recalculate the student's financial aid within 45 days (until recently, it was only 30 days).  If the recalculation shows that you have not earned all the aid that was disbursed for you, they must return the money that you aren't entitled to. Remember: the Financial Aid Office disbursed it in the first place -- they can return it, too, just as easily.\n\nIf, somehow, you did skip town with more money than you were eligible for, you are responsible for repaying those funds and may be subject to additional penalties if you intentionally acted fraudulently.  If you don't repay the money, there will be an overpayment "flag" placed on your National Student Loan Data System (clearly marked on your FAFSA results) record and you won't be allowed to borrow Financial Aid again until you repay the funds you took.\n\nMost *state* financial aid programs employ similar "return of funds" poilicies to those used by the feds. There are, of course, other funds besides Federal/state funds.  Instutitional aid, and private aid aren't necesarily subject to the same 60% restrictions -- however, these funds are ALSO channeled through your Financial Aid Office, who is responsible for monitoring your eligibility for any type of aid that you receive.  Every lender/scholarship organization/school will have written a specific policy detailing on how they wish their funds to be treated when a school withdraws; these policies are unlikely to leave you with "spending money" after your tuition has been taken care of.\n\nAll that said, there are lenders out there who offer student loans that bypass the Financial Aid Office.  Since these lenders don't double-check your enrollment/eligibility, you might be able to borrow them even if you aren't in school. However, these loans will carry very high interest rates since they are more "high risk" than any loan certified by the school. You need to ask yoursef: if you are going through hard times now, isn't borrowing a high-rate loan only going to make matters worse?
291436
Go to your financial aid office and ask them what to do.  Just remember that grants don't have to be paid back so you can always keep the money for a rainy day.  They usually send you an award letter telling you how much money financial aid will give you and on there you can either refuse or accept the award. If you want to return the money so that they can probably give to another student its probably too late for that since they already disbursed the money and another student wont be able to benefit from it.  You can always donate it to a scholarship fund to ensure that another student is receiving the money.
714527
I would ask the school exactly what they mean.  I know it is a lot of paperwork, but if it means money you do not have to pay back when you complete school--it is worth it.
154479
I was in your position once.  You apply for FAFSA and they give you a Pell grant (or not) based on parent's income (family's calculated contribution).  Recently, Bush cut from the budget of Pell grants, so you may not be as lucky.  You do not have to pay back student loans until 6 months after you have left school, but college is worth every penny and every loan I took out, so I hope you will make a way. If I could, then anyone can.
138059
Check with your financial aid department.  There should be tons of help for you.
455342
Well, if they are paying then you better listen to them.  If not then, do what you want.  Just realize that you run the risk of losing financial support from them, and that will be hard.  Speaking from experience.... a free ride is almost always a good thing.  If school is paid for and you don't have to work full time to pay bills then take it.  It's the smart thing to do.  You'll be better off financially and it's not for that long.  Maybe you can stay home for the first 2 years and then move out after that?
993099
It's already paid for.... if you need the classes in order to graduate, just grit and bear it.  You'll have to eventually anyways.  If you are having real issues with your teachers, see if you can switch over to a different section.  If not possible, you can always withdrawl and recieve a partial refund if done on time.  If you just miss class, you'll fail.  Believe me, you don't want to add zeros into your cumulative GPA.
64234
Depending on what type of overpayment you are talking about, you might not even need to pay it back.  If you filled out the FAFSA and received a pell grant for college, but received more aid than your college expenses (your aid exceeded the cost of your tuition and books) then you will get a check back at the end of the semester for the amount of money left over.  This money is yours to keep.  However, if you received financial aid but then failed to stay in good standing (you failed too many classes or completely withdraw) then the college should send you a letter telling you the amount of your financial aid that you must repay.  Normally you must send a check back to the college for the amount of the overpayment to the address listed in the letter that you receive.  If your college offers online payment of fees then you could pay them online, but otherwise you will have to physically send in your payment.
404284
Yes, everyone above me is right that it's the 2006-2007 FAFSA that you want.  However, the deadlines vary greatly by school -- it's definitely not May 1st for everyone.  Check on your school's website or call their Financial Aid Office to find out what their deadline is.  Pay attention, also, to any deadlines that your state imposes for eligibility for their funding (many states offer grants, scholarships, low-interest loans, etc. to their residents).  You can find these deadlines here: http://www.fafsa.ed.gov/before003a.htm#state_deadlines
770738
You can get out during DEP.  Simply request to be released from your contract.  Your recruiter might freak out, but that's life.
557944
get as much financial aid as you can. financial aid is a guaranteed loan that you won't have to start paying off until you graduate and parts of it won't start to accrue interest until you're no longer in school.  the interest on them is generally much lower than normal school loans gotten directly from a bank.\n\neven if you get a full scholarship, it might even be worth it to take out as much financial aid as you can and simply invest it.  these loans are too good to turn down for the most part.\n\nthere's nothing wrong with having more than one loan out at a time. just make sure you keep track of them and pay on time when it's time to start paying them back.
1083854
depends on if you have  the money to pay for the out of state tuition would be easier to get finacial aid /grant if you stayed in your home state
624393
If you are under the legal age of gaurdianship, then they are still your legal gaurdians and most be listed as such on your application forms.  Depending on your income and theirs, that is how financial aid is decided.  If you are over 16, 18 or 21 (i think it depends on the state) then you would just have to list your income and your financial aid just depends on yours alone.  You could also apply for loans that do not start gaining interest until you are out of school if you need an option... Good luck!
939405
No.  You can have your loans defered during service but no branch will pay for loans that were aquired before enlistment.  If that's your only reason for wanting to join then perhaps the military is not for you.
983231
...yeah, it is.\neither way, you're going to have to pay that money back, and if you're talking grants or money that you don't have to pay back, I believe that comes with certain requirements, or they'll take it away...why would you quit school anyways?