espresso wrote: red_sox wrote:
novaman3 wrote:Here's some information that might be of help to you guys...
I spoke with the financial aid office this morning regarding the missing loan credits on my bursar's bill. They told me that there was some sort of glitch which made it so that scholarships and loan credits don't appear on the bill and that they will be posting a new bill later this week. Also, they said that August 10th is only a suggested deadline and that you can pay your bill by the first day of class without a penalty.
My Stafford loan appeared on the bill last night (I didn't apply for GradPlus). Does anyone know when we get paid our loan money?
As far as I understand (and I need to look into this a little more) if its a public/gov't loan, it'll be applied to to your outstanding NYU balance and then given to you as a refund within a few days, either as a check or a Direct Deposit (as long as you sign up for Direct Deposit within 10 business days of the refund's being issued). I haven't seen the exact dates anywhere, I don't think.
Loan distribution is varied depending on several factors. At the earliest, loans can be disbursed 10 days prior to the start of classes (the excess going to you), but sometimes it could be the first week or two after the start of classes, so attempt to plan ahead.
Additionally, electronic draft is highly recommened, way faster, and much more convenient based on what I've heard.