If any corrections need to be made, return your SAR to the processing agent. The financial aid office will use the information provided in your SAR to determine your eligibility. The lender will then send the funds to the school for you to pick up. The financial aid process can be long and frustrating. The best approach is to apply as early as possible.
Interest accrues on unsubsidized loans.
If you have an unsubsidized loan you may make periodic payments if you choose, but payment is not required while you are still in school. If you want to receive notification of accrued interest, this option is available. If the credit union still services your loans, payments may be mailed to the credit union or payment may be made in person. If your loans have been sold, payments must be made to the current servicer. The school you attend sets all loan disbursement dates.