Student loans
Quick question.
What happens if you apply for a student loan because you are going into a program, but end up not getting accepted to said program.
?
November 3, 2014
Student loans
Quick question.
What happens if you apply for a student loan because you are going into a program, but end up not getting accepted to said program.
?
8 Comments • Newest first
@ZaraByte: Dam I think I keep misunderstanding you. LOL. But $75,000 is what the average salary is for the first year of most tech jobs.
[quote=icemage11]Usually money don't get transferred until your school confirms your enrolment in said program. So nothing happens.[/quote]
This. They don't give you any money until they confirm with the school that you are enrolled in the program.
[quote=MarshMallows]I can't tell if this is sarcasm...but those people in the fast food joints clearly did not choose a good major. The ones that are smart choose majors with a high employment rate, which is why you don't see them complaining about having no jobs. So yea..college is good bruh.[/quote]
This is true. Some of my coworkers have liberal arts degrees.
Majoring in a ****ty field because it makes you happy is just about one of the dumbest things you can do.
Major in something that makes you money.
Minor in something you like.
[quote=ZaraByte]Haha, I was talking about something like this in my pink bean problem thread.
All you kids think attending college will get you a better job psssh! i know so many college people here in my state working at fast food joints trying to pay back their student loans and they finished college got their degrees and they don't find a job in the study they took[/quote]
I can't tell if this is sarcasm...but those people in the fast food joints clearly did not choose a good major. The ones that are smart choose majors with a high employment rate, which is why you don't see them complaining about having no jobs. So yea..college is good bruh.
[quote=lian360]They give you a certain amount of funds to help you, right? Say you get accepted for a loan, they give you x funds. But then you do not get accepted to the program you wanted, but get accepted the year after that. Do you have to reapply for a student loan again? Or will the previous one do?[/quote]
Ever year you have to reapply whether or not they are grants, loans, scholarships, whatever.
Usually money don't get transferred until your school confirms your enrolment in said program. So nothing happens.
[quote=Zoneflare4]Well speaking as a students in limbo (not too much longer I hope) can say that nothing will happen since no money has been transferred to the school and if they have by some chance then the school has to return all funds asap.[/quote]
They give you a certain amount of funds to help you, right? Say you get accepted for a loan, they give you x funds. But then you do not get accepted to the program you wanted, but get accepted the year after that. Do you have to reapply for a student loan again? Or will the previous one do?
Well speaking as a students in limbo (not too much longer I hope) can say that nothing will happen since no money has been transferred to the school and if they have by some chance then the school has to return all funds asap.