Falling below half time - implications?

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Falling below half time - implications?

Postby Texascot » Thu Mar 30, 2006 12:22 am

I've been accepted for my MBA, starting in June.
My first class is at the end of a semester, and for that semester, I won't meet the half time requirement. I've asked for my fees to be paid by a student loan, which has been approved.

My question is this - if my first class means I fall below the half time requirement at the outset - will the School report this to the lender?
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Re: Falling below half time - implications?

Postby Tedmeister » Mon Jun 19, 2006 11:16 am

Texascot wrote:I've been accepted for my MBA, starting in June.
My first class is at the end of a semester, and for that semester, I won't meet the half time requirement. I've asked for my fees to be paid by a student loan, which has been approved.

My question is this - if my first class means I fall below the half time requirement at the outset - will the School report this to the lender?
Depends on the situation. If it is a federally guaranteed student loan, it will not fall due until six months after graduating, leaving school, or dropping below half-time. Since dropping below half-time seems to be the issue, it might be that you would have to stay below half-time for six months in order for said loan to come due.

www.fafsa.ed.gov
Theodorus Lamaris van Huygen
BA, History/Political Science, Western State College, 1984
MBA, Entrepreneurship, City University, 1992
MBA, Marketing, City University, 1993
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