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If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?


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2006-04-16 22:01:25
2006-04-16 22:01:25

If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.


Related Questions

Yes, Sallie Mae still offers student loans and applications can be done online at They require a co-signer for the loan to be approved.

You certain can still do very well even if you've failed 3 semesters. Just work on your concentration and study.

"Sallie Mae is one popular student loan company. Also, some schools can recommend a company to students. Filling out the FAFSA (Free Application for Federal Student Aid) could also help find low-interest student loans, as well as scholarships and grants that are not paid back." Edit: While it is popular, I would greatly hesitate in saying it is trustworthy as they along with Nelnet were part of 9.5 scandal. Go with federal loans if possible. Even though companies like Sallie Mae will service them, you still get the rights and reliefs that the federal government offers as opposed to getting a private loan from Sallie Mae.

Since most college "years" are 3 to 4 semesters, you would still be a freshman.

Yes. The arrest will still appear there along with the notation indicating the case was "dropped" (or "dismissed" or "whatever")

Consider that a full time student takes a minimum of 12 credit hours per semester, with minimum two semesters per year. That equals 24 credit hours per year, 48 in two years. So, a college student with 46 credit hours is still a sophomore. A different perspective puts a 46 hour student as a Junior (30-50 credit hours).

Still a part time student.

Yes, but the student loans don't get cancelled: you still have to pay those.

No, you still have to pay for the crime.

When the testicle is still in the abdomen and has not dropped into the scrotum.

In October 2010 the gimmick was dropped.

If you have already completed two semesters of university course work, the SAT should not be a consideration at this point. Still, it will depend on the policies of the receiving institution.

he was and still is a student

A teacher is not allowed to get involved with a student legally and especially not a student who still is a minor.

If you are still a full time student you can defer all payments until graduation

Not in all states. Not in Texas or Florida NOT TRUE! Federal laws supercede state laws.I live in Florida and Sallie Mae garnished my wages the answer is false...State laws supercede when it betters the people. In Pennsylvania Sallie Mae can not garnish wages. This fact. If you sign a letter at the time of signing the loan stating you let them garnish wage now that's different story.Still in PA if you sign a letter stating that they still can't.

Yes , the atomic bombs were dropped in 1945 and Einstein passed away in 1955 .

You can still get student loans half way through the semester. However, student loans are not disbursed until after the semester has ended, unless it is from a private institution.

if a deferrment has been done on a student loan wll IRS still garnish refund.

Post-Graduate I think but either way the person is still a student.

No. He dropped out of the competition to focus on his education.

Some student loan companies such as Direct Loan or Sallie Mae offer a rebate service if you set up a direct payment from your checking account. The best way to lower your interest payments is to possibly refinance depending on your credit limit and abilities to open new lines of credit. Lowering interest payments by .25% doesn't really do anything for the amount you still owe.

If assault charges are dropped, they will not show up on your record. If someone is assaulting you, you do not want to let them get away with it.

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