How Federal Student Loans are Disbursed
Posted on February 8th, 2010
You have been approved for financial aid for college and you want to know how federal student loans are disbursed. Your school has used your FAFSA (Free Application for Federal Student Aid) to determine the student loan amount you qualify for, and you are registered for your classes. As you wait for your term to begin, your college or university is creating a financial aid package for you to cover the costs of attendance. At this point you, are wondering when you will get the money and how to pay for your courses with the funds.
Different Colleges Have Different Policies
Your federal financial aid is sent directly to the school you will be attending and will be dispersed to you according to the school’s schedule. No
Tags: Disbursed, Federal Student, Federal Student Loans, Student Loans
No Comments »