Your loan funds will be disbursed in two separate installments. This process eliminates the need for you to sign your check and funds are simply credited to your account. EFT simplifies the loan process and provides you with faster access to your funds. All first-time borrowers are required to complete an entrance counseling session prior to receiving their loan funds. During this session, you will be informed about your borrower rights and responsibilities.
Students also have the option to complete and entrance counseling session on-line .
If you are a first time borrower, your funds will be disbursed to your account approximately 30 days after your loan has been processed. Loans will be disbursed in two installments for all borrowers. The first installment cannot be disbursed more than 15 days before the beginning of the semester and the second disbursement will be released at the mid-point of the loan period. Check with your lender for available options. A servicer manages loans on behalf of the lender of secondary market.