answersLogoWhite

0


Best Answer

The balance of the approved loan, not yet paid to you, will be cancelled if you quit since you will no longer be qualified for any further funds. There is no actual cash balance, merely an accounting figure on the books of the institution that granted you a student loan.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Where will my approved student loan money for the 2nd semester of the school year go if I quit after the 1st semester?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much money does it cost per semester?

It depends on which school you go to


If you apply for a federal loan and ARE approved if you dont need it for paying for classes or books will you be mailed a check for te rest of the money?

All federal loans are sent directly to the school. If money is not owed, the school can issue a check to you for the credit on your student account.


What happens when you are expelled from college?

If a person is expelled from college during a semester, all grades are cancelled and are deleted. All money paid to the university is forfeited. Once expelled, the student may not be allowed to return to the same school.


How do you write an affidavit to direct child support money to a college student?

You need a motion to modify approved by the court.


What would a high school student like bought for them?

money


Do you earn money in medical school?

No you dont because you are a student


Can a high school diploma be withheld from a student that owes money to the high school?

Yes


How can a student save money?

A student can save money by using local coupons to buy groceries, school supplies, food, clothes, and electronics.


What is the payment for money for school?

Loan payments are designated for approved courses and books. Often the student must seek employment to cover food, resident housing costs. Universities and colleges offer employment possibilities on campus.


If you are a part time student one semester and full time the next does it affect student loans with FAFSA?

Absolutely. Your grant is calculated on how many credits you are enrolled for. If you increase your credit load to full-time status, then the amount of money your allocated increases which is based on student need. Make sure you meet with a financial counselor at the school you attend for detailed information.


Does it cost a school money for a student to drop a subject in a levels UK?

no


How can you go to school with out any money?

Get a Student Loan or a Scholarships are available.