<p>I was not enrolled in classes for the fall, but I have taken all the steps to attend college in the spring. I received a disclosure statement from the fafsa people saying that one of my loans would be disbursed later this month for the fall. Thing is, I didnt attend class in the fall. Is this a mistake? Will I not get the money? Or was I somehow blessed and someone made a mistake and I will be given the money afterall. This is in Texas with the DCCCD.</p>
<p>You can’t get a loan if you weren’t enrolled in classes. Chances are, your school’s computer system automatically awarded you for fall & spring. When you accepted your loan and completed your entrance counseling & MPN, the system sent the loan record to the government system with a fall/spring aid period. The thing is, it will never pay out because you are not in classes in the fall.</p>
<p>The school will probably adjust your awards when it begins processing spring-only aid (most schools don’t do it this early). You will probably find that the amounts change, since the cost of attendance will change & you are only in school for one term. My advice is to contact the school & discuss it with them.</p>
<p>Agree with Kelsmom’s post.</p>
<p>But I can’t resist to react to this line:</p>
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<p>Let’s get this straight, loan is not free money. You WILL have to pay back. You can’t write off in bankruptcy proceedings, even if you die, your estate will have to pay the loan back.</p>
<p>Agree with the caution that loans have to be paid back. I have actually heard a student ask for the kind of loan that doesn’t have to be paid back! But … Stafford and PLUS loans actually disappear if the student dies. That is one of the benefits of a PLUS over similar-interest loans for the parent. No one wants to think about it, but students do die, and it is one less heartache when the loans are erased.</p>