Federal and private loans are both available for students, and they usually take anywhere from three weeks to two or three months to process. Although denials are immediate, approvals frequently take about a month to complete. After the loan is approved, the money should appear on the student’s bill before tuition and fees payment deadlines. Private loans are processed by individual lenders and the process can take a few more weeks.While many private lenders process applications in minutes, the federal government’s application may take several weeks or even months to process. Some loans require additional documentation or verification before they are approved. If you want to speed up the process, apply for federal student loans as soon as possible. They can be processed faster than private student loans. However, if you need to refinance, the process may take a few days or weeks.Once you’ve applied for a federal student loan, you’ll need to submit an application. The process will differ based on the type of loan and the lender’s requirements. The federal government allows you to complete the application process before your first class begins and begin paying off the loan. If you have an approved cosigner, the chances of getting approved are much higher. The cosigner will be responsible for the loan with you, and this can help you get an even lower interest rate.