Taking a term off of School

<p>Is it Ok to take a Term off of school. I am in such a Poor finacial situation, after a recent Death in the family, I have to clear my credit card, before I go away, I dont want to destroy my credit.</p>

<p>so what Im asking, is their any negative aspects of taking 1 term off of school. I am a Computer Engineering student. I do plan to go to Grad school.</p>

<p>I have untill Sept. 5th to decide.</p>

<p>It should be no big deal- many people take a leave of absence for a semester or two to deal with medical/personal/financial issues.
I did so, and I went to grad school at an ivy.
just make sure that you will fulfill all your requirements if you are still planning on graduating on time.</p>