This is my first time appyling for any kind of private loan, so I'm not quite sure how things work.
My loans (I'm going with Citibank) are already set for disbursement on August 18. However, my bill says tuition must be paid in full by August 1. Does this mean I have to come up with the money by August 1st to meet the tuition deadline, or will this count as anticipated loan and be credited from my statement?
Also, how do I get the rest of the money? It seems the bank disburses the money to the school, so does this mean the school give me a check after August 18?
Any response will be appreciated. Thanks in advance!