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So I just recently flunked out of college after 3 semesters. I was using the loans through the school so the Federal Direct student loans (subsidized and unsubsidized) and the Federal Direct Parent loans.
It hasn't yet registered that I'm disqualified on the school websites.
My question is what is going to happen? Are my parents going to have to start paying it off immediately and am I as well separately? Do we have to contact the school to set up how it's going to be paid off or will they contact us?