« on: June 01, 2008, 08:47:52 AM »
It really varies by the school. I know some people who got their excess loan money before (surprisingly) school started, others who got their as of the first day and others who had to wait a while.
After you sign your promissory note and are approved, etc. and the school certifies the amount, you should get in the mail or you can check on the lender's Web site, and it should list "estimated" disbursement dates. Of course, these are just estimates, as the school could hold things up, but at least if it is a estimated to be disbursed sometime in October, you'll know you won't have it for the start of the school year.
My best advice is check with your financial aid office. At this point, they can't give you specifics because your loan probably hasn't even been applied for yet, but they can give you info on general policies.