Disbursement dates are tied to the semester or academic year for which the loan was originated. During loan certification, your school sets these dates and aligns them with the day they began accepting funds for that specific period. While most disbursement dates are scheduled in the future, there are times when the date may already have passed.
If this happens, we will send the funds as soon as possible. From the time you receive your Final Disclosure, we are legally required to wait three business days before disbursing funds. After that waiting period, your school will typically receive the funds within five to seven business days. This timeframe allows us to set up your loan in our payment system and coordinate with your school on how they prefer to receive the funds.
If you have questions about your loan repayment or details, click the Get In Touch button at the bottom of this article to connect with us directly.