When are loans supposed to dispurse?

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
doomed123
Posts: 156
Joined: Wed Jan 21, 2009 2:05 am

When are loans supposed to dispurse?

Postby doomed123 » Sat Jun 26, 2010 12:00 am

Some schools are saying that the first tuition payment will be due in late July. :shock:

Will loans have disbursed by then?

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PKSebben
Posts: 993
Joined: Mon Jun 07, 2010 9:35 pm

Re: When are loans supposed to dispurse?

Postby PKSebben » Sat Jun 26, 2010 12:01 am

doomed123 wrote:Some schools are saying that the first tuition payment will be due in late July. :shock:

Will loans have disbursed by then?


Schools defer your tuition if you have aid pending to cover it.

doomed123
Posts: 156
Joined: Wed Jan 21, 2009 2:05 am

Re: When are loans supposed to dispurse?

Postby doomed123 » Sat Jun 26, 2010 12:04 am

PKSebben wrote:
doomed123 wrote:Some schools are saying that the first tuition payment will be due in late July. :shock:

Will loans have disbursed by then?


Schools defer your tuition if you have aid pending to cover it.


I figured that, but I couldn't find a single mention of such a policy on my school's website (though I've seen it mentioned by other schools), so I was beginning to worry.

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PKSebben
Posts: 993
Joined: Mon Jun 07, 2010 9:35 pm

Re: When are loans supposed to dispurse?

Postby PKSebben » Sat Jun 26, 2010 12:14 am

doomed123 wrote:
PKSebben wrote:
doomed123 wrote:Some schools are saying that the first tuition payment will be due in late July. :shock:

Will loans have disbursed by then?


Schools defer your tuition if you have aid pending to cover it.


I figured that, but I couldn't find a single mention of such a policy on my school's website (though I've seen it mentioned by other schools), so I was beginning to worry.


Wait, you don't have 40k lying around?




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