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College Students/Finance Aid Officers, please help?
Son is withdrawing from this semester to save his good GPA (he is failing two subjects currently), and re-enrolling same day for next semester. He says doing this will protect his GPA. My question is, what happens with regards to the loans taken and paid to the school for the first semester? I know there is no refund, and I know that they won't be applied to the next semester. I guess, what I want to know is will I be expected to pay them back sooner than the original terms? Will the school (or lenders) demand payment in full before re-enrolling him for the coming semester? Thanks for your help.
3 Answers
- morequestionsLv 51 decade agoFavorite Answer
you usually have a grace period (about 6 months) after he withdraws from school before you have to repay the loan. so him not being registered for one day doesn't make a difference. as long as he is still attending school, the loan won't be collected. but you should check with the lender on that.
as far as withdrawing, he may be better off getting the two F's and retaking those two courses. in my school, you can retake an F or D and the retake grade will replace the D or F in the GPA. the F or D will still be seen on the transcript but won't be counted in the GPA. if he drops out he has to take everything over again. he should talk to an advisor before making such a drastic move.
- Anonymous1 decade ago
If he withdraws early enough, he is correct. But, if he is doing it at the end of the semester, he will need to take those courses again to save his GPA. Financial aid is courses taken and courses completed and completed with an acceptable grade. So, if he is at the end of the semester, no it won't save him. He should take them again next semester if he drops. If he is not on academic probation, you should be okay. Have him retake the courses next semester(if applicable) and make sure he gets tutoring if needed. Too many semesters with bad grades and they will drop you.
- Anonymous1 decade ago
If he withdraws from his classes, he may be required to pay money back or placed on probation. He really should consult with his finanical aid advisor, as they are more aware of that potential school guidelines. He can always go back later and take the course again to bring up his GPA.