Once your loan has been approved, your school must confirm your enrollment and certify the amount that is acceptable. The disbursement date(s) is determined by your school. We will disburse the funds directly to your school once your school has certified the disbursement. Loans are disbursed prior to the start of the semester and date the tuition is due.
Disbursements begin processing on Thursdays and funds are sent out on Mondays every week (so long as they don't not fall on a bank holiday). Please note that factors such as when you submit your application, whether or not we need additional information, and how long it takes for your school to certify your loan amount as well as the date your school requests, will impact when we are able to disburse your loan.