withdrawing from college and student loans

<p>I am wanting to withdraw from the college I am enrolled at. I am not scheduled to start until June. I signed an MPN and accepted my award letter. I found another school that I really want to go to because they have more of what I want. The loans haven't been dispersed and I have never attended any classes. Like I said, classes don't start until June. Will withdrawing from the previous school have any affect on the student loans I may receive from the other school? If so, how?</p>

<p>Just make sure you officially withdraw from the first school before the date that any tuition and fee payments are due. Don’t assume that school 1 will drop you because you don’t show up (we had a student on CC recently who just assumed his school would drop him if he never showed up and he ended up owing a bunch of money). </p>

<p>You will sign a new promissory note for the school you actually attend.</p>

<p>And get written confirmation of your withdrawal!</p>