I’m supposed to start University of Phoenix on the 29th. I’ve read horrible things and I want to leave before I incur any debts. How should i go about telling them I don’t want to start classes and cancel my financial aid and student loans and grants with Sallie Mae? Thanks!
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Go to the relevant UOP website – I think they have multiple sites for their various “campuses” – and look for their policy and procedures on withdrawing from classes. By withdrawing, you will effectively cancel your financial aid. If you received a Pell grant, UOP would receive the money directly and would have to return it because you aren’t a student. Any loans you accepted would not be disbursed because you will have no bill for them to be applied to, so you will have borrowed nothing and owe nothing. Depending on the fine print, you may owe some amount to UOP (and possibly a loan origination fee), but it will be trivial compared to their usurious tuition.
As you may have guessed, I think you’re absolutely doing the right thing.