So I stopped attending classes Winter term while on Academic probation so I received the “Suspended” status for financial aid and was also billed. My school said " Your full amount of Federal financial aid disbursed to you for the winter term. However, since you stop attending before the end of the term, part of you direct Stafford loans and PELL grant had to be pulled back and giving back to the government creating a bill for you." So I owe about $3,000 right now.
I got a letter saying I am being sent to collections for this etc etc… HOWEVER, last week my financial aid status randomly changed to good standing? Am I now allowed to receive financial aid and return to school? I am confused. I currently do not make enough money to pay back that money.
The only holds on my account is on my transcript. I cant view my transcripts until I pay them. It just let me register for classes.
Has anyone else experienced this? I am 40 credits from my BS.
Thanks!