College Loan Disbursement
Questions disbursement of the loan?
I asked for a Stafford loan through Sallie Mae in early July and was approved for $ 9500. When I fill the loan application, he had a current account then. A month ago, I opened a checking account and signed with E-check (deposit direct) through my school. In the website of Sallie Mae, said that the first disbursement of the loan is set for September 15. I know that goes to the first school, but send it electronically? And if I signed up for direct deposit with my school, even if I did not have a current account when I filled out the application loan, I still have my money deposited directly? How long does it take after obtaining my school funds to be deposited in my account? I go to a community college rather small, there are many people out there.
You kind of answer his own question. If you did not come in direct deposit, what happens is the cashier's office will send a check after deduction of fees in the same (if fees are not paid). However, it seems that finally did sign up for direct deposit so it was in the end it was too late, because you said that the first loan disbursement will be September 15. "Make sure you can always call the financial aid office at your university, but I'm pretty sure It's like being.
Federal Student Aid: I’m Going: Chris (spanish)