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If you withdraw from classes do you have to give the money back from your student loan?
Wiki User
∙ 14y ago
Yes, it is a loan. You have to pay back a loan. Whether you went to class or dropped out, doesn't matter.
A loan is just that, a loan.
You were lent the money in good faith, if they ( banking institution ) thought you wouldn't pay the money back, they would not have given you the loan.
If you do not pay it back, it will affect your credit rating for life.
Wiki User
∙ 14y ago
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Do you have to pay back student loan if you withdraw passing?
Regardless of academic status, if someone gives you money in the form of a loan, you must pay them back.
Do you have to pay back student loans if you don't use the money?
it depends. If the money is disbursed to your school and you attend one class, a portion of it you will have to pay back. If you never attend any classes the school should return it
What does it mean to have a 'run'on the bank?
Usually it means that people lack confidence in the back and withdraw their money - which means that more people lose confidence in the bank and withdraw their money and so on.
Will student loans not applied for classes still need to be paid back?
Yes, any borrowing of money with loan in the title has to be payed back in full plus interest or within the time frame that if provided to you.
How do you get the money from your mom in Pokemon Gold?
You go back to New Bark town and talk to her. She will ask if it's about your money, and you can withdraw as much money as she has saved up for you!
Can you take money out of a roth IRA before retirement age?
Yes, you can withdraw money any time from a Roth IRA, since it already has been taxed. However, after you withdraw the money, you can put back only the maximum contribution each year. The principle will not be taxed, but any interest you withdraw will be taxable before 591/2 years of age.
Can you get federal money back if you have no income but are a full-time student?
Yes.
What will you do if you withdraw from ATM but the ATM did not dispense the money?
If I tried to withdraw money from the ATM but the machine did not dispense the money, I will check if the money has been debited from my account. If the money is gone, then I will raise a formal complaint with the banks customer care department about the same. The bank will verify their ATM Records to confirm that the machine did not dispense the money and then credit the amount back into your account.
Should student that drop classes be required to repay financial aid if they dropped or stop going to classes?
Yes, they should have to pay the money back. If they took their education seriously, they would not have failed. Giving financial aid to people that are not ready to take their education seriously is a huge waste of time.
What is withdrawal?
Withdraw is to remove or take away something. It can have many different uses.
Can you withdraw the money from your credit card account?
This gets a bit trickier. With many secured credit cards the answer is "No", if you want the money from the savings account back you need to let all of your charges on the secured credit card clear, close the card and than close the savings account and get your money back. Often you maintain the ability to withdraw some money and reduce your credit line, but do not count on that option from all secured cards. In no case would you be allowed to withdraw so much money that your savings account dropped below the minimum set by the bank to establish such an account.
Can you use your credit card to withdraw cash?
Yes, People can withdraw money from credit cards. Nowadays credit cards are not only used for shopping,paying bills but you can even withdraw money. During an emergency you can swipe your credit card and get spot cash.No need to go for loans.
