I attend the community college in my area where the academic calendar is split into 3 semesters. Fall, spring, and summer. I take out loans to help cover my expenses so I understand how they split your award money equally between semesters (fall and spring). However, for some reason, this time they split the money 3 ways (this has never happened), which now includes the summer semester. I don't plan on taking any classes this summer so my question is, what happens to those remaining funds? Also, this is not pell grant money, this is direct loan money that I applied for and accepted this past fall semester. I have also been full time (12+ credits) both semesters. I'm just wondering what will happen to that money especially since it should have spanned 2 semesters not 3.
Thank you to anyone with any advice in the matter. Just thought I'd do some research before I go to financial aid. It's always a long line......not to mention they're not the nicest people to deal with.