I want to drop out of the college I’m in because the teachers are awful. They humiliate the students instead of actually letting the student know what to fix and how to better themselves. But I’m not sure how much I’m suppose to pay and how much time I have to pay it all off to fafsa?
I’m sorry you are having this problem. I recommend sticking it out until the end of the semester. I also don’t believe that all of your professors are humiliating you. Hopefully someone else will know when you have to pay the money back, but finishing up the semester with a 2.0 or better will make it easier to return to college in the future.
Please try to stick it out through the end of the semester, if possible.
If you do leave during the semester, there is a complicated Return of Title IV calculation your school has to do in order to determine the amount of aid you are entitled to keep & the amount the school has to send back to the government (it’s based on days in school and days in the semester). You could end up owing a balance. You can avoid this by staying enrolled in at least one financial aid-eligible class (but as soon as you drop below half time, it impacts loans -I explain this below). Whatever you decide, it is very important to talk to the financial aid office before you withdraw from any classes, so you fully understand the implications for your aid.
If you have loans, they will go into repayment six months after the last day you attended classes (your drop date) or six months after the last day you were considered by your school to be enrolled at least half time. If you enroll in another school at least half time before the six month grace period ends, your loans will go back into in-school deferment.
I think the first thing you should do is schedule an appointment with an academic counselor. It may prove to be very helpful for you.