I'm unsure about college still. If I apply for FAFSA, and I get the money already, what happens to it if I decide I don't want to go to college anymore?
Completing the Free Application for Federal Student Aid (FAFSA®) does not mean you are awarded money right away. The information provided on the FAFSA is shared with your prospective colleges and you will only receive financial aid monies from the school where you decide to enroll. It is not uncommon for some individuals to complete the FAFSA in order to determine what amount of financial aid they will be awarded to see if they can afford to attend college.
Now if you decide to attend college, enroll, receive financial aid funds and then decide to withdraw, there could be some financial consequences. When you withdraw from a school, there are two withdrawal policies that could impact you.
It is okay if you are unsure about college right now. It is always best to wait until you are ready, because withdrawing from school could have some financial consequences.
Best of luck!
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