<p>The $2000 balance is most likely from a return of title IV funds calculation, as swimcatsmom suggests. The federal government requires schools to do this calculation based on the withdrawal date. Students “earn” a portion of their federal funding based on how many days they are enrolled in classes. If they do not remain in classes long enough to earn 100% of their federal aid, the school is required to return a portion of the aid. The student now owes the school for this aid. Loans come due 6 months after the student drops below half time, so the date of repayment is 6 months after the last date of classes the school reports to the federal government.</p>
<p>Regardless of what you choose to do about the school, do not neglect to begin repayment on your federal loans when they come due. Please complete your exit counseling. Contact your lender to discuss repayment options. Visit [National</a> Student Loan Data System for Students](<a href=“http://www.nslds.ed.gov%5DNational”>http://www.nslds.ed.gov) to view your loans and your servicer information.</p>