How do I cancel my financial aid and student loan if I want to switch schools and start school at a later day? Also will I still be responsible for any payments?
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Talk to the financial aid office at the school where you have these things lined up. They’ll have the answers.
You only incur costs if you ENROLL. Tell the school you wish to “defer admission” and give a specific date if you have one.
Sure. You have the right to cancel any loan before disbursement, and to decline acceptance of any loan funding. If you are not attending, you should have no bill. To avoid a hassle, though, be sure to communicate with the school so they can canel your registration before any charges apply.
you need to tell your financial aid counselor…
but time lapse might mean you will have to start paying the outstanding loan once certain time has passed that you are not enrolled in school…So if you are working then you can begin paying loan off…or it will be against your credit history rating….