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Why is my disbursement date scheduled for a day in the past? | Private Student Loans

Disbursement dates correlate with the semester or academic year in which the loan originated. These dates are set by the school and correspond with the day they began accepting funds for that specific period. While most disbursements are set for an upcoming date, there are occasions when the date has already passed.

If this is the case, we'll work to send the funds as soon as we’re able. From the time you receive your Final Disclosure, we’re legally obligated to wait 3 business days before disbursing the funds. Once those 3 business days have passed, you can expect the funds to be disbursed to your school within 5 to 7 business days. This allows us time to set up your loan in our payment system and coordinate with the school on how they would like to receive the funds.

If you have any questions about the repayment or details of your loan, please feel free to reach out to us directly by clicking the "Get In Touch" button found at the bottom of this article.

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