Student loan question?

The question

I received financial aid for 2011-2012 school year. I am not attendin fall quarter, so I don’t get that aid for fall quarter. I guess they’ll just remove it from my award letter. I accepted a large student loan to help with other expenses. I was looking forward to getting the loan in 3 refunds, fall, quarter, and spring. Today the financial aid advisor acted like she had no thought whether or not I’d get any money back for fall quarter since I am not attending. It makes sense, but before another counselor said I could accept the loan in full and didn’t mention not getting it all back. So has anyone accepted a government direct student loan, but skipped a quarter? I’m going back in winter.

Best answers:

Ester, this is a really fantastic question and I’m not really sure of the exact answer. I do know that I received financial aid for a semester in which I didn’t attend school, and I have known other people who have done the same. I would go back to the counselor and say something along the lines of “If you’re not sure, who can I question who will be able to give me an answer one way or another?” She should be able to refer you to somebody who can give you a definitive yes or no answer. Excellent luck!

Go to top

There are a variety of government student loans available to students, with the most commonly used loan being the Stafford loan. Find out what the Grad Plus and Parent Plus loans are with help from a financial aid officer in this free video on student loans. Expert: Brooke Kramer Contact: www.argosy.edu Bio: Brooke Kramer is the financial aid officer at Argosy University in Salt Lake City, Utah. Filmmaker: Michael Burton