You are responsible for this balance. Sometimes late disbursement is allowed, but this varies from program to program. Please consult with the Financial Aid Office if you are considering withdrawal or leave of absence. Your Withdrawal may cause your Student Loans to go into repayment. Most deferments for student loans cease when you drop below half-time enrollment.
Some loans require full-time enrollment.
When you withdraw, we are required to notify your lenders of your last date of attendance. You are also responsible to notify every lender with whom you have a student loan. In addition, Exit Interviews are required for all borrowers prior to separation from Austin College. Be sure you have consulted thoroughly with the Financial Aid Director prior to any decision to live off-campus. Austin College merit-based scholarships are not affected.