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How long should I wait to see if the student loan has problem transferring money into my bank account? |
i applied for it, they gave a figure to let me see how much they loan to me, i signed it along with my bank account number that was two weeks ago and the money still hasn't transferred to my account... how long should i wait before asking if there is a problem? and who should i contact? the bank or the student loan office? No, it is not something you should worry about right now. You see, you and every other yahoo out there is waiting for a student loan check (myself included). From past experience, I have found that even if they say it is disbursed, it isn't ... it is still in the process. You start worrying 1 month after all the paperwork is in. When you call, you call the student loan people. The bank is merely the recipient and has no idea when a deposit is going to come in. Good luck -- been there, it's a pain to wait but there is no hurrying the system when we file so late. Just eat noodles for a couple of weeks and then you can try a burger when you have the money. Today is the day to ask a ? if you have a ? The answer depends on the type of loan you were requesting. Stafford loans are sent directly to your school. If it was a Stafford Loan, check with the schools bursar to see if they have received the funds.2 weeks is too long no matter what type of loan you received. You should check on it immediately to make sure it went to the proper account. The details of the loan should also be in the paperwork (Contract) that you signed in order to receive the loan. |
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