What's your status?

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No, I'm not talking about your Facebook Click here to learn about third-party website links status ("Barbara Raus is writing a blog post"). I'm talking about your school status. Are you attending full-time, half-time, or less than half-time?

Your ability to qualify for certain types of financial aid or even your health insurance can depend on your attendance status. So you always want to be aware of how many credits you are taking.

This is especially important to consider during the add/drop period at your school, when you can choose to drop a class you are no longer interested in without being financially liable for it. This can get tricky. In some situations if you drop a class, it can change your enrollment status.

Say you're a full-time student with 12 credits. If you drop a three-credit class, you're suddenly a half-time student. For some students that might mean they're ineligible to be included on their parent's insurance.

Or if you're taking six credits and drop a class, you're below half-time status and no longer qualify for federal aid Click here to learn about third-party website links!

So watch your status as you pick and choose which classes to take or drop. If you don't, you could be facing some large financial repercussions.

3 Comments

I wanted to apply for a student loan and I am having an account with wells fargo bank. How do I qualify for your program.

One trick I was always fond of is registering for 18-21 credit hours and then deciding which classes were going to be easier to deal with for the term and then paring it down to the required 12 hours for my sweet on-campus job. Always easier to drop now than to add later!

Anonymous: Have you talked with a financial aid officer at your school to determine what type of loan you need? Once you have that information you can apply online or over the phone (1-800-658-3567).
You can find more details about Wells Fargo student loans by clicking "Student Financial Services from Wells Fargo" in our Blog Roll on the right-hand side of the page.

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