Questions About Loan Disbursement? | 09.09.11
Here at the Student Loan Network, we get A LOT of questions about how loans get disbursed. When will I receive my funds? How long does it take? Will the school notify me? If you can think of a question about the student loan disbursement process, chances are, we’ve heard it.
The trouble with these questions is that the disbursement process is not the same everywhere. Schools implement their own procedures (based on a standard of course) and this can make answering questions difficult. Disbursement dates vary depending on the school, how terms are broken up, etc. However, in most cases, your school will disburse your loans in two installments (one per semester), each half of your total awarded amount.
If you have questions about the loan disbursement timeframe, how and when to use your funds, and even what they can be used for, you can now find the answers here.
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