Will the loan funds be sent directly to the school or to me?

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Last Updated: June 30, 2022

Undergraduate and Graduate loans:

All of our loans are disbursed directly to the school; we don't send the money directly to the borrower.

The school first applies the loan to your outstanding balance (tuition, fees, etc.).

If there's money left over after that balance is paid, the school will refund the money to you following their individual refund procedures.

 

Parent loans:

All of our loans are disbursed directly to the school.

The school first applies the loan to your outstanding balance (tuition, fees, etc.).

If there's money left over after that balance is paid, the school will refund the money to you following their individual refund procedures.

For the Parent loan, you have the option of adding $2,500 to your loan, which can be sent directly to your bank account. 

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