Loan acceptance question

Started by soitgoes32
Get help with your application

Use all the free resources available to you from SDN: articles, guides, expert advising, forums discussions, and school research.

Browse articles Compare schools My application plan Read Interview Feedback
Practice for interviews Ask an Advisor
S

soitgoes32

Full Member
10+ Year Member
I was accepted at one school and waitlisted at another that I would prefer to go to. I'm was emailed my financial aid package at the school I'm accepted to and told I have 30 days to accept or decline it. Does anyone know if i am allowed to leave a school for another acceptance if I accept a loan elsewhere. Thanks!
 
My understanding is as long as the loan amount is not disbursed, you are fine to leave. I'm not sure if any penalty fees etc are involved, but I would doubt it seeing as fees are typically charged once the loan is disbursed.

My best advice is just call the school and ask (probably best to not identify yourself in the phone call)
 
You must log in or register to reply here.