Hello everyone! I have a few questions on the financial aid and direct loans! I thought since you guys have experiences on transferring out of colleges, you guys can give me some advice on how these things worked! So I'm transferring out of Strayer University and still awaiting on my transcript to come through, and my Federal Stafford Direct Loans have already disbursed 1/3 of it. Same goes with my pell grant, 1/3 have already been disbursed. Since Strayer University is quarterly and the new quarter will be starting in October, I was wondering what I should do? If I should cancel the loan or fill out an deferment form since I'm transferring to Grand Canyon University? I have already asked someone at Strayer University in their financial offices, and they just told me to not sign up for classes in the following quarters and the future loans disbursement will go back to the lender. Is this absolutely true? I always thought I had to fill some sort of form or withdrawal form when leaving the institution? Thanks!
