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Kids Ain't Cheap
Kids Ain't Cheap
Evan Morgan

Your Kid Wants to Drop Out of College — What Happens to the Money You Already Paid?

Stressed College Student
When a student decides to leave college, the timing of the official withdrawal can determine how much tuition a family gets back. Parents should also check financial aid, student loans, housing costs, and 529 plan consequences before paperwork is submitted. (Pexels).

When your college student says, “I don’t think I want to be here anymore,” your first concern may be whether leaving is truly the right decision. But after paying thousands of dollars for tuition, housing, meals, and fees, another question quickly follows: What happens to all that money? A college tuition refund is possible in some situations, but families should not assume they will simply receive back whatever they paid. The amount depends heavily on when the student officially withdraws, how the school structures refunds, and whether financial aid helped cover the bill.

The Withdrawal Date Can Make A Huge Difference

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