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Federal Loans, Dropping out of School :(

Date: Wed, 11/05/2008 - 12:21

Submitted by anonymous
on Wed, 11/05/2008 - 12:21

Posts: 202330 Credits: [Donate]

Total Replies: 2

Federal Loans, Dropping out of School :(


I hope I can get an answer here....

I have taken my first class at the University of Phoenix and my next one isnt going to start until Nov 11.

I need to leave school.....what happens to the remaining funds of my Federal Loan? Do i get that back? I understand I have to pay it back and my first class had already been paid for, but the school has $3000 of the loan residual for my future classes.

Thanks!!