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Stay, Stop, or Drop? 2014/2015 Office of Student Financial Assistance
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Stay, Stop, or Drop? How your decision may impact your financial future: Today This Semester/Quarter Next Semester /Quarter Next Academic Year 2014/15 2
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Goal: 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 2014/15 3
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Why the decision? 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 2014/15 4
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Seek Key People for Advice Academic Advisors Financial Aid Staff Student Service Counselors 2014/15 5
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What is the next step? Stay in school? Stop out of school and return later? Drop out completely? Each of these decisions WILL impact your financial future. 2014/15 6
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You Decide to Stay in School Financial Aid Childcare Transportation Tutoring Employment 2014/15 7
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If you decide to stop temporarily Temporary Leave of Absence Medical Leave Military Leave Changes in Employment Schedule Special Circumstances 2014/15 8
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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 www.NSLDS.ed.gov 2014/15 9
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If you decide to drop from School: STEP 2 Visit the Registrar’s office – complete formal withdrawal process. 2014/15 10
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If you decide to drop from School: STEP 3 Contact your servicer – update contact information and notify of change in enrollment status. 2014/15 11
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Resources to Assist For more information about Budgeting, Credit, Repayment of Student Loan Debt, and Servicers, please visit: www.NavigatingYourFuture.org www.NavigatingYourFuture.org www.NSLDS.ed.gov www.NSLDS.ed.gov www.StudentAid.ed.gov www.StudentAid.ed.gov www.MappingYourFuture.org www.MappingYourFuture.org www.FinAid.org www.FinAid.org 2014/15 12
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Resources to Assist Download our brochure: Stay, Stop, or Drop? Navigating Your Financial Future: www.NavigatingYourFuture.org 2014/15 13
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Contact us E-mail: osfa@fldoe.orgosfa@fldoe.org Telephone: 1-888-827-2004 OSFA Outreach: Representative Name Representative Number Representative E-mail 2014/2015 14
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Questions? 2014/15 15
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