<p>Hey everyone,</p>
<p>I recently completed my first semester in grad school. Grades, academic standing, etc. were all fine. It was extremely hectic due to a few family situations. I am taking this semester off to help out with the family and have a job lined up just for a few months. I had taken out a loan in the hopes of completing this program in 1 year..it can be 2 if you're working often... ANYWAYS, I plan on starting back next fall at a new program. ( credits will transfer)</p>
<p>I have been researching how this would effect loans and have not been able to come up with a clear answer. Many discussion results are about people who failed a semester. I do have good academic standing but will not be taking any classes this spring. Is it possible to still receive the 2nd half of my loan that I had taken out for the year. I have had some luck and scholarships and been able to get out of undergrad without much debt and in desperate need of a cushion working my way back to school!</p>
<p>Technically, I am enrolled with good academic standing. Will the fact that I have not registered for classes stop me from getting a refund check/ loan for spring semester?? It looks as if I have no holds and it displays the estimate for my refund with the expected date but I have been very concerned reading through these forums suggesting that may change on disbursement. I am still a "student" there I suppose, but will not being technically registered prevent me from getting the 2nd half of the loan for the spring semester? </p>
<p>**Also, I can't register for classes and drop. ( already asked friend/advisor)</p>
<p>Can't find a straight answer!...and in a tight spot with my family situation..Any insight would be greatly appreciated! </p>
<p>Thanks!</p>
<p>If this is a personal loan, you can collect. If it is a student loan, you have to be currently enrolled in classwork or thesis research because the assumption is that you are using the loan money to pay expenses associates with your coursework/research. </p>
<p>You are on leave this semester = no loan money this semester. You need to find a job because your lender(s) will want you to start paying your loan(s) back now that you aren’t actively enrolled at your university.</p>
<p>
Yes, the fact you have not registered for classes will stop you from getting a refund check/ loan for spring semester. You have to be enrolled in classes at least half time in a semester to be eligible for any federal loans in that semester. So no, there is no possibility of you receiving any loans or any refund if you are not enrolled in any classes. It does not matter that you are registered at the school, you are not enrolled in classes and that is what counts.</p>
<p>Also, federal direct loans have a grace period of six months after you graduate or drop below half time. They then go into repayment. So if your last class finished in December and you won’t start again until August or September, your loans will go into repayment. They can be deferred again once you start classes again (at least half time), but you will not get another grace period for those loans and they will immediately go back into repayment once you graduate or drop below half time.</p>
<p>
Your friend/adviser is correct. you can’t. If you dropped after the 100% refund period, you would have to pay for classes and possibly have to also immediately repay any loans. If you drop before the 100% refund period, your loans would be cancelled. </p>
<p>I think you are misunderstanding how FA, including loans, for college work. Aid, including loans, is awarded for the year and then divided by semester. The awards are based on the assumption that you will actually attend the school for the entire period for which aid/loans has been offered to you. That is, you must actually attend classes in each semester to actually receive any aid for those semesters. Student loans are offered to help pay for attending school. I am puzzled that you would think you would still receive them when you are not enrolled for any classes and not attending school.</p>
<p>Don’t know when you stopped classes and when your Fall classes, start, but I think after 6 months, you’ll be expected to make a loan payment. It sounds like sometime around 8 months, you’ll be back in school. I don’t know if that means you’ll owe a couple of payments or not.</p>
<p>oops…didn’t see that swimcat already made this point.</p>
<p>Student loans are offered to help pay for attending school. I am puzzled that you would think you would still receive them when you are not enrolled for any classes and not attending school. </p>
<hr>
<p>I agree … and am often puzzled to hear students wonder why they can’t have that other half of the loan they were “given” just because they aren’t actually attending classes. Ummmmm … wow.</p>