If you drop out of college you will not receive any money awarded for the current semester.

If you re-apply and are accepted, you could get the approved funds for the next semester, depending on the rules of the scholarship.

Please note that there is a big difference between dropping out of school and taking a break. You can remove yourself from lectures for a semester without entirely withdrawing from the college.

If you plan on returning to school in the next few months or even the next year, do not withdraw from school altogether. Beside preserving your enrollment, you’ll also get to keep your active financial aid. This saves you the trouble of re-applying for scholarships.