<p>What happens if a student takes out a loan for one school, but later on transfers to a school that gives full tuition. What happens to the loan? Would the school help repay it?</p>
<p>No, the school will not help you repay it. The loan remains yours and you are required to repay it according to the terms of the loan. </p>
<p>Congrats on the transfer, though! Not paying tuition in your new school will make it easier to repay those loans!</p>
<p>Oh, sorry, it was just a hypothetical question in the case I do end up transferring after next year.</p>
<p>Thanks</p>
<p>Oh, that's a good question. I also have a question related to this because I'm thinking about transferring too. Can you take out loans for a year at a time and add to it as you go? (instead of taking into account the whole four years?)</p>
<p>I hope I don't sound too stupid...</p>
<p>That's usually how they do it, year by year. You never know if you'll change schools, drop out for a while or want to change banks.</p>