Your school will determine the date your loan funds are to be received along with the final loan amount. If the loan is processed before the semester begins, your loan funds will typically be received by the school by the beginning of the semester.
Once the school has certified the loan, you will electronically acknowledge acceptance of the loan. After acceptance of the loan, you will be taken to the self-certification form. Once you indicate that you want to continue with the loan, a three day “right to cancel” period begins (lenders must wait three-business days before the loan funds can be sent to the school – this is known as the “right to cancel” period.)
After the “right to cancel” period, loan funds will be disbursed to your school on the scheduled disbursement date. You can login to your account to check the status of your loan at any time.