If you drop out of college before your school's deadline for dropping courses, you likely won't be refunded already-paid tuition. Furthermore, if you drop out after 120 days of federal student loans being disbursed, you will owe at least part of the loan back.

Many or all of the companies featured provide compensation to LendEDU. These commissions are how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear on our site.