QHow Is The Money Disbursed To The School?
AIf you agreed to the Electronic Funds Transfer (EFT) on your application, funds from the lender will be distributed directly to the school. If you do not agree to EFT or your school does not have that facility, you will receive the money directly from the lender. At that time you may either endorse the check to the school, or send them a check for outstanding charges. Any remaining amount from that disbursement may only be used for expenses relating to your childÒs education.