Falling below half time - Financial aid implications?

Discussion in 'General Distance Learning Discussions' started by Texascot, Mar 30, 2006.

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  1. Texascot

    Texascot New Member

    I've been accepted for my MBA, starting in June.
    My first class is at the end of a semester, and for that semester, I won't meet the half time requirement. I've asked for my fees to be paid by a student loan, which has been approved.

    My question is this - if my first class means I fall below the half time requirement at the outset - will the School report this to the lender?
     
  2. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    You might check this out for sure at www.fafsa.ed.gov ; I'm not sure if it's three months or six months under half-time that triggers your student loans coming due.
     
  3. horric29

    horric29 New Member

    I did the same thing... You may want to contact the school... It all depends on how the school reports it...
     
  4. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    Re: Re: Falling below half time - Financial aid implications?

    Duh! I just remembered! Student loans through the Department of Education come due six moths after leaving the program, which can mean graduation, dropping out, or falling below half-time. So, it is six months. But, if you can get to half-time or above in your second semester (i.e., before the six-month mark), your student loans won't come due yet.
     

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