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drewcog
justy_jfg said:Hey guys I've been wondering about the federal loan disbursements. I know that one is in July and the other in December and that most students get around $30-35k, but how much of a strain is it on you that first semester? I mean, you get half of let's say, $32k, which is $16k. I read elsewhere on this thread that $10-11k of that goes directly to the school in the form of tuition and fees, so that leaves only about $5-6k for six months. How do you guys live on that? Do you take out private loans to cover you until the second disbursement? It is entirely possible that I have my facts wrong and, if this is the case, please correct me.
Thanks!!!!
Good question. The answer is: You simply sign a form that states you wish to divide your tuition payments into two. Pay half in the summer before the fall semester and the other half in December before the spring semester. I recommend paying with a credit card as you can really rack up frequent flyer miles if you have that type of card.