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Anyone use their Fin-aid loans for housing off campus?

Posted: Tue May 09, 2017 11:01 am
by lillawyer2
How does the process work? Did you have to wait till after the senester started to move out?

Re: Anyone use their Fin-aid loans for housing off campus?

Posted: Tue May 09, 2017 11:27 am
by cavalier1138
Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.

Re: Anyone use their Fin-aid loans for housing off campus?

Posted: Tue May 09, 2017 11:44 am
by lillawyer2
cavalier1138 wrote:Loans are loans. They don't disburse them to you on a monthly basis after you submit proof of proper housing. You get a lump sum at the beginning of the semester, and it's up to you to budget accordingly. There's no special process based on where you live.


Ok, I get a lump sum (beginning of the semester) and budget accordingly.


Thanks!

Re: Anyone use their Fin-aid loans for housing off campus?

Posted: Tue May 09, 2017 1:55 pm
by goldenbear2020
Loans may be disbursed as late as the first week of classes, so you'll need to have the security deposit and first month's rent ready before that.