Hi everyone, I'm hoping maybe I can get some insight on my current situation.
A few days ago, I received a billing statement for nearly $5,000. This was rather alarming, since my financial aid/loans were supposed to cover everything and I wasn't supposed to start being billed until six months after graduation -- not less than two months into my freshman year.
I had thought all my financial stuff was sorted out, but I did some research and two things came to light: 1- I had some loan counseling forms I hadn't filled out, so of course I completed them immediately. 2- I found out just yesterday that my Parent PLUS loan was denied due to "adverse credit history". I assume this is because my parents' house was nearly foreclosed upon last winter.
I emailed financial aid, and they said that since my parents' loan was denied I'm eligible to take out an additional ~$2,000 per semester, so once they open again on Monday I'm going in to deal with all of that.
Obviously, financial aid will explain everything to me and hopefully get things worked out, but I can't help but feel anxious all weekend. I've heard horror stories of people being kicked out of college due to financial stuff, so my stomach has been hurting the past 24 hours because I'm scared that'll happen to me.
Do you think I'm going to be kicked out of college over this, or do you think since I completed my loan counseling and I'm going into the office on Monday things will be sorted out? A lot of people have told me that it should be okay, as they deal with this sort of thing frequently, and that they'll try everything they can to keep me in since they want money, but I am legitimately terrified.
If anyone can offer some insight into what you think may happen, good or bad, please let me know so I can at least stop agonizing over it. (If you need more information, feel free to ask-- I'm totally on edge right now, so there's a chance I could have forgotten part of the story.)