So, um...When Do We Get Our Money?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Pearalegal
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So, um...When Do We Get Our Money?

Postby Pearalegal » Tue Apr 20, 2010 3:43 pm

No, really.

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Captain Jack
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Re: So, um...When Do We Get Our Money?

Postby Captain Jack » Tue Apr 20, 2010 3:59 pm

Bumping out of curiosity. I would like to know this as well.

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OneKnight
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Re: So, um...When Do We Get Our Money?

Postby OneKnight » Tue Apr 20, 2010 4:01 pm

At least in grad school, loans disperse the first week of classes or thereabouts.

s419
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Re: So, um...When Do We Get Our Money?

Postby s419 » Tue Apr 20, 2010 4:03 pm

Somewhere from around the time classes start to a few weeks after. In grad school now, for Spring 2010, first day of classes was 1/19, check was dated Feb 1.

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clintonius
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Re: So, um...When Do We Get Our Money?

Postby clintonius » Tue Apr 20, 2010 4:17 pm

I believe NYU's site said that payments are made sometime in August for on-time applicants. Could be wrong.

Pearalegal
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Re: So, um...When Do We Get Our Money?

Postby Pearalegal » Tue Apr 20, 2010 4:20 pm

That seems to be cutting it a little close.

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Always Credited
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Re: So, um...When Do We Get Our Money?

Postby Always Credited » Tue Apr 20, 2010 4:23 pm

OneKnight wrote:At least in grad school, loans disperse the first week of classes or thereabouts.


TITCR. Prepare to front your first months rent (unless you're living in university housing, in that case check because they may credit you), cost of books, and about half a month's cost of living.

Exact times may vary, but so far I've gathered that most school's loan dispersion is during the first week of classes.

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JordynAsh
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Re: So, um...When Do We Get Our Money?

Postby JordynAsh » Tue Apr 20, 2010 4:24 pm

Yeah really. MacBook Pros aren't cheap! (Or textbooks, food, the other necessities.)

s419
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Re: So, um...When Do We Get Our Money?

Postby s419 » Tue Apr 20, 2010 4:28 pm

clintonius wrote:I believe NYU's site said that payments are made sometime in August for on-time applicants. Could be wrong.



I would believe that when I see it. I'm a grad student at NYU now and their mismanagement of my loan disbursements is part of the reason I couldn't even fathom staying in this university for another three years.

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Lawl Shcool
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Re: So, um...When Do We Get Our Money?

Postby Lawl Shcool » Tue Apr 20, 2010 4:35 pm

Def plan on not getting the money until 2 weeks into school. It threw a HUGE wrench into my 1st semester when I had to wait not only for just the check but also for it to go through.

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clintonius
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Re: So, um...When Do We Get Our Money?

Postby clintonius » Tue Apr 20, 2010 4:35 pm

Well, that's depressing. I might have to stay at my job a bit longer than I'd planned, or go to daddy for some pre-loan funds. Crap.

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Always Credited
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Re: So, um...When Do We Get Our Money?

Postby Always Credited » Tue Apr 20, 2010 4:37 pm

JPU wrote:Def plan on not getting the money until 2 weeks into school. It threw a HUGE wrench into my 1st semester when I had to wait not only for just the check but also for it to go through.


Right. Depending on when you move in, you may actually need TWO months rent if there's any kind of hold up and you have a landlord rather than university specific housing.

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NayBoer
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Re: So, um...When Do We Get Our Money?

Postby NayBoer » Tue Apr 20, 2010 4:46 pm

Northwestern said first day of classes.

They also said it's better to get direct deposit, so you don't wait longer.

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AngryAvocado
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Re: So, um...When Do We Get Our Money?

Postby AngryAvocado » Tue Apr 20, 2010 5:09 pm

--ImageRemoved--

WHERE MA MONEY AT!?

wreckem
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Re: So, um...When Do We Get Our Money?

Postby wreckem » Tue Apr 20, 2010 5:56 pm

Typically its dispersed around a week to a week and a half before the first day of class. Atleast where I go to school.

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OneKnight
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Re: So, um...When Do We Get Our Money?

Postby OneKnight » Tue Apr 20, 2010 5:58 pm

s419 wrote:
clintonius wrote:I believe NYU's site said that payments are made sometime in August for on-time applicants. Could be wrong.



I would believe that when I see it. I'm a grad student at NYU now and their mismanagement of my loan disbursements is part of the reason I couldn't even fathom staying in this university for another three years.


Haha. Sorry to say it seems to be the same everywhere (or at least for your uptown brethren, if that's how you plan to escape said mismanagement)

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lallygag
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Re: So, um...When Do We Get Our Money?

Postby lallygag » Wed Apr 21, 2010 4:24 pm

So I'm new to this loan business - I know loan money is applied towards tuition, fees etc for school, then you get a check for the remainder which you then use to cover your COL expenses? is this how it works? (please excuse m if I sound a bit naive)

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pleasetryagain
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Re: So, um...When Do We Get Our Money?

Postby pleasetryagain » Wed Apr 21, 2010 4:27 pm

lallygag wrote:So I'm new to this loan business - I know loan money is applied towards tuition, fees etc for school, then you get a check for the remainder which you then use to cover your COL expenses? is this how it works? (please excuse m if I sound a bit naive)


yes

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Panther7
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Re: So, um...When Do We Get Our Money?

Postby Panther7 » Wed Apr 21, 2010 4:33 pm

lallygag wrote:So I'm new to this loan business


i hate you for being rich.

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pleasetryagain
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Re: So, um...When Do We Get Our Money?

Postby pleasetryagain » Wed Apr 21, 2010 4:34 pm

Panther7 wrote:
lallygag wrote:So I'm new to this loan business


i hate you for being rich.

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TheBigMediocre
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Re: So, um...When Do We Get Our Money?

Postby TheBigMediocre » Wed Apr 21, 2010 4:42 pm

Panther7 wrote:
lallygag wrote:So I'm new to this loan business


i hate you for being rich.


or being so smart that they received a full-ride for undergrad plus a stipend for living expenses.

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pleasetryagain
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Re: So, um...When Do We Get Our Money?

Postby pleasetryagain » Wed Apr 21, 2010 4:51 pm

TheBigMediocre wrote:
Panther7 wrote:
lallygag wrote:So I'm new to this loan business


i hate you for being rich.


or being so smart that they received a full-ride for undergrad plus a stipend for living expenses.


80/20

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Panther7
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Re: So, um...When Do We Get Our Money?

Postby Panther7 » Wed Apr 21, 2010 5:18 pm

TheBigMediocre wrote:
Panther7 wrote:
lallygag wrote:So I'm new to this loan business


i hate you for being rich.


or being so smart that they received a full-ride for undergrad plus a stipend for living expenses.


I had one of those and still took out student loans.

Like I said, hate for the rich.

Renzo
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Re: So, um...When Do We Get Our Money?

Postby Renzo » Wed Apr 21, 2010 5:34 pm

s419 wrote:
clintonius wrote:I believe NYU's site said that payments are made sometime in August for on-time applicants. Could be wrong.



I would believe that when I see it. I'm a grad student at NYU now and their mismanagement of my loan disbursements is part of the reason I couldn't even fathom staying in this university for another three years.

Law school has their own financial aid office. As with all of the law school offices, they're very responsive.

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lallygag
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Re: So, um...When Do We Get Our Money?

Postby lallygag » Wed Apr 21, 2010 5:58 pm

TheBigMediocre wrote:
Panther7 wrote:
lallygag wrote:So I'm new to this loan business


i hate you for being rich.


or being so smart that they received a full-ride for undergrad plus a stipend for living expenses.


titcr (but apparenly not smart enough for LS merit aid hence the loans)




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