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Stay, Stop, or Drop?

Stay, Stop, or Drop?. How your decision may impact your financial future. Objectives. Participants will gain an understanding of assistance available for each decision: Stay in school Stop attending school for a period of time Drop out of school. Why?.

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Stay, Stop, or Drop?

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  1. Stay, Stop, or Drop? How your decision may impact your financial future

  2. Objectives Participants will gain an understanding of assistance available for each decision: • Stay in school • Stop attending school for a period of time • Drop out of school

  3. Why? • Common reasons student must decide whether to stay in, stop, or drop school: • Health issues • Family burdens • Employment demands • Lack of academic progress • Attendance issues

  4. Key People for Advice • Academic Advisors • Financial Aid Staff • Student Service Counselors

  5. What’s the next step? • Stay in school? • Stop out of school and return later? • Drop out completely? Each of these decisions impacts your financial future.

  6. If you decide to STAY in school: • Financial Aid • Childcare • Transportation • Tutoring • Employment

  7. If you decide to STOP school temporarily: • Temporary Leave of Absence • Medical Leave • Military Leave • Changes in Employment Schedule • Special Circumstances

  8. If you decide to DROP from school – Step 1: • Visit the Financial Aid Office – how will this affect your future aid eligibility? • Will you need to pay back money to the school? • Do you have student loans? When will you enter repayment? • www.NSLDS.ed.gov

  9. Drop - Step 2: • Visit the Registrar’s office – complete formal withdrawal process.

  10. Drop - Step 3: • Contact your lender – update contact information and notify of change in enrollment status.

  11. Additional Resources • Download our brochure: Stay, Stop, or Drop? Navigating Your Financial Future: www.navigatingyourfuture.org • Other topics available: Budget, Credit, Repayment of Your Student Loan Debt and more!

  12. Additional Resources • www.NSLDS.ed.gov • www.StudentAid.ed.gov • www.MappingYourFuture.org • www.FinAid.org

  13. Contact Us • www.navigatingyourfuture.org • Select “Contact Us” tab • Outreach Representatives are available to assist with your questions.

  14. Questions?

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