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How do I get loan money?

Posted: Sat May 20, 2017 6:18 am
by Ferrisjso
Just got apartment for LS and am going to need loan money to pay the rent in the fall. I have no idea how I'm supposed to receive my loan money. I know it's probably a stupid question that will be answered when I go to school but I'd like a little piece of mind because I already signed the lease.

Re: How do I get loan money?

Posted: Sat May 20, 2017 7:46 am
by A. Nony Mouse
You will get sent information about how to arrange all this from your school (you get sent the loan amounts you're eligible for and you accept up to the total amount), and it will get deposited in yout bank account usually the week before or the first week of classes.

Re: How do I get loan money?

Posted: Sat May 20, 2017 8:19 am
by uhwrestler
apply for fafsa and have it sent to the school you are attending
then the school you are attending will give you the loan offer

Re: How do I get loan money?

Posted: Sat May 20, 2017 8:24 am
by Ferrisjso
Thanks!

Re: How do I get loan money?

Posted: Sun May 21, 2017 6:48 pm
by goldenbear2020
How did you get a lease signed without the loan papers to show the landlord?

Re: How do I get loan money?

Posted: Mon May 22, 2017 4:06 pm
by jlc058
A. Nony Mouse wrote:You will get sent information about how to arrange all this from your school (you get sent the loan amounts you're eligible for and you accept up to the total amount), and it will get deposited in yout bank account usually the week before or the first week of classes.


This may also be a stupid question but how do you pay tuition by the deadline if you don't get your loans disbursed until a week before/or week of first classes- I'm assuming most people don't have 50k laying around

Re: How do I get loan money?

Posted: Mon May 22, 2017 4:39 pm
by A. Nony Mouse
jlc058 wrote:
A. Nony Mouse wrote:You will get sent information about how to arrange all this from your school (you get sent the loan amounts you're eligible for and you accept up to the total amount), and it will get deposited in yout bank account usually the week before or the first week of classes.


This may also be a stupid question but how do you pay tuition by the deadline if you don't get your loans disbursed until a week before/or week of first classes- I'm assuming most people don't have 50k laying around

Tuition isn't due till then. Basically it goes into your school account and they take out tuition and then what's left goes into your bank account.