How, exactly, does this work?!?

[Kritenoel]

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I had loans in my undergrad years, but they covered living expenses on campus and the $ went directly to the college.

This med school loan thing seems to be a different ball game - I've filled out my fasfa, answered preliminary loan questions from my med school, picked a lender and have gotten that ball rolling - but when it comes time for loan disbursement, are they going to give me a check for the "expenses" outside of tuition? (I'm going to need the ammounts the med school allows to pay for a new computer, rent and other expenses....)

(is that really how it works, or is there a step that I'm missing? Or is there a special financial fairy that is going to put the $ under my pillow? really, I can't see how this all works out!)

 

[smackdaddy]

i used to get a check in the mail.

 

[Brewster]

The way it works at my school and, I suspect, the way it works elsewhere is that the money is disbursed to the school. The school takes what it needs to cover whatever tuition/fees are left after what you pay and the bursar's office sends a check to the student for the balance.