whats about to happen to my Loans

[sk8rmom]

<p>This information may make it clearer to you, pay particular attention to the last sentence:</p>

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In the consumer information a school must make available upon request to prospective and enrolled students, the school must include a statement of –
• any refund policy with which the school must comply;
• the requirements for the treatment of Title IV funds when a student withdraws; and
• the requirements and procedures for officially withdrawing from the school.
A school should provide sufficient information for a student or prospective
student to be able to determine the procedures for withdrawing and the financial consequences of doing so. In addition, a student should be able to estimate how much Federal Student Aid he or she will retain, and how much he or she may have to return upon withdrawing. Because the Return provisions do not affect institutional refund policies, a school must provide a student with information on both the school’s refund policy and the federal Return requirements, and explain the interaction between the two. The information should include a discussion of how a school might adjust a student’s charges to take into account any Return of FSA funds the school might be required to make. Finally, a student or prospective student should be informed that if he or she withdraws, school charges that were previously paid by FSA funds might become a debit that the student will be responsible for paying.

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<p><a href=“http://ifap.ed.gov/fsahandbook/attachments/1011Vol5Ch2.pdf[/url]”>http://ifap.ed.gov/fsahandbook/attachments/1011Vol5Ch2.pdf&lt;/a&gt;&lt;/p&gt;