transfer financial aid from one school to another?

[cjt615]

I just got into my top choice from the waitlist. I have already signed promissory notes and all that for the school in which I was already holding a place. How do I switch the aid to the new school? Do I need to cancel the loans and re-establish them with the new school or is there a way to transfer them? I already included the new school on my Fafsa. Thanks in advance for any help.

CJT

---

Members don't see this ad.

 

[trouta]

I dont think you can straight up transfer your loans. I am pretty sure that you need to reapply for financial aid at your new school and deal with them about the new loans. As for those which you have already signed for, the school you are withdrawing from should take care of those.

I had this same question earlier and these are the impressions I got. The best thing to do though is call the financial aid office at your new school and tell them your story. They WILL be able to help.