Lincoln wrote:Lavitz wrote:Upfront I guess. I don't see the point of paying every month if the loans are disbursed all at once and it's enough to cover the tuition. But I've never handled this stuff so maybe I'm missing something.
If you are paying for tuition with federal loans, you don't have a choice: The loans are distributed to the Cornell bursar, who then takes out tuition and fees for the semester (as well as health insurance and gym membership for the year, if you have signed up for those in advance; the same is true for the bus pass in subsequent years) and then disburses the balance to you. If you add your checking account to your net pay account and designate it as your disbursement account you'll get it directly deposited in your account every semester going forward.
Thanks, that's what I figured. Health insurance, gym membership, and housing (Hughes) were all on the bill. I saw the credits exceeded the debits, figured I'd get the balance deposited to the checking account I linked, said "ok" and exited without looking at the tuition payment plans.