Why Flunking or Dropping That College Class Will Dent Your Wallet

"If your child's thinking of withdrawing from that organic chemistry class he hates, tell him to hang in there and do the best he can — thousands of dollars in financial aid may depend on it," CNBC reports. 

"... If students fall below half-time status for more than one concurrent semester, their federal loans enter a six-month grace period and then repayment begins, said Megan Coval, vice president, public policy and federal relations at the National Association of Student Financial Aid Administrators.

Further, depending on the school and the circumstances behind the drop to part-time status, a college could require that a student repay aid already received, she said. Students should check these details with their financial aid office."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 6/11/2018


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