Its time to get ready for your academic year. You may have questions about how you receive your financial aid. And maybe youve already heard about aid “disbursements,” but what does that even mean? You were awarded aid for the full academic year, but there are different methods (and rules) schools need to follow when it comes to how and when that money is disbursed.
When Does Financial Aid Come In?
You completed and filed all your financial aid applications. Now youre wondering, how and when do I get the money? As a general rule, most schools begin to disburse (release) loan money no earlier than ten days before school starts. But this will depend on the schools policies and even your academic level. More on that later.
Apply for a Sallie Mae Private Student Loan
- Variable Rates: 1.13% APR – % APR. Fixed Rates: 3.50% APR – % APR. Lowest rates shown include the auto debit discount. 1
- Choose from multiple repayment options, including no payments while in school 1
- No origination fee or prepayment penalty 2
- Cover up to 100% of your school-certified college expenses like tuition, fees, books, housing, meals, travel, and even a laptop for the entire school year 3
- The only undergraduate student loan that offers 4 months of Chegg® study help 4
This loan is for undergraduate students at participating degree-granting schools. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. Læs videre “Financial Aid Disbursement: When and How You Will Get It”