student loan amounts
If i get a Student Loan and Drop out what happens?
Hello Everyone, I was wondering if i get a student loan for 4 years and half way through i drop out. Do I still have to pay the loan for 2 years i didnt attend or will the loan amount be reduced in half?
The only thing you have to repay is the money you used. The rest should be returned. Anyway, the loans( from the department of education) are distributed per semester. You fill out a form for the year and they tell you how much you will be getting, but the bank distributes it differently. Per semester.
So if you are not enrolled in college they will not disperse the $$$$.
So I do not understand how you got a student loan for 4 years.
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