Best Answer

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.

User Avatar

Wiki User

โˆ™ 2006-04-16 22:01:25
This answer is:
User Avatar
Study guides
See all Study Guides
Create a Study Guide

Add your answer:

Earn +20 pts
Q: If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?
Write your answer...
Related questions

How do I apply for a student loan through Sallie Mae?

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.

Can you still do good if you failed 3 semesters?

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

What is a trustworthy student loan company?

"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.

What grade level would you be in college if you have completed 2 full-time semesters?

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

What is the meaning of (be still)?

Still a student

If a misdemeanor is dropped in court will it still show on your record?

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

What is the meaning of still studying?

Still a student

What is a 3 quarter-time student?

Still a part time student.

Are student loans reported on credit history if still a student?


What grade level of college are you with 46 hours?

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).

If you cosign a student loan will you still be eligible for a student loan for yourself?


Can you have student loans and still file chapter 7 bankruptcy?

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

If Charges are dropped and bail is exonerated do you have to pay remaining bail to the bailbondsman?

if chages are dropped do need to pay bailbonds still

If one fails a class and is still a full-time student does that person have to start paying back their student loan?

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

You finished two semesters of university but will go abroad for studies do you need SAT and if so what's the age limit to give the test?

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.

What if you move out of state can your charges be dropped?

No, you still have to pay for the crime.

What is an undecended testicle?

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

Is Suicide still in TNA?

In October 2010 the gimmick was dropped.

Will a sleeve protect an iPad from being dropped?

No, you can still drop it.

Can a teacher love a student of 15 years old?

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

Can you still get a student loan half way through the semester?

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.

Where should one go to get information on Student Loan consolidation rebate services?

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.

Can Sallie Mae garnish wages?

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.

Is the still in lettering important for a student?


What was eoghan quigg's occupation?

he was and still is a student