Financial Aid

[Rocky6]

How does it work if you accept a school's financial aid offer and then find out you get off a waitlist at another school. do you need to go back and withdraw your acceptance of the financial aid offer or is that automatically done when you withdraw from the school? Thanks.

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[phishee]

I think it depends what kind of financial aid you're talking about. You're allowed to cancel financial aid offers anytime prior to receiving funds. Are you taking loans out through the school or a private lender? If you're taking it from a private lender, make sure you cancel your loan application after withdrawing your acceptance.