Financial Aid Noob

[bandwagoner]

Say that I have a financial aid offer from school A for loans, and I accept those loans. I am waitlisted for school B (which is more expensive), but then I get off of the waitlist after I have already accepted the first loan amount - how does the financial aid work in this situation? I am totally new to this and I have no idea how it works.. Thanks friends.

 

[thecook]

School A will cancel your financial aid after you withdraw your acceptance, and school B will provide you a new offer based on the COA at that school.

 

[bandwagoner]

That sounds so pragmatic and totally unlike something a medical school would do. Thank you!