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View Full Version : MERP- Loan disbursement?


yeemeg
04-16-2008, 06:03 PM
Hey everyone

Just wondering how Sallie Mae disburses the money for tuition and additional spending...thanks!

-Megan

jabee_usm
04-17-2008, 12:27 AM
Hey everyone

Just wondering how Sallie Mae disburses the money for tuition and additional spending...thanks!

-Megan
Hey Miss Yee! If I am not mistaken, they send the money to the school (MERP) and they give you the difference!:D

chubee_85
04-17-2008, 11:24 AM
On the first day/orientation, but i think it takes a week to clear that large amount of money in the bank so carry some extra money with u to feed and care for u for the first week.

thomasfx10
04-17-2008, 02:01 PM
Is MERP about $12000.00 plus 3 month living expenses?

yeemeg
04-17-2008, 03:10 PM
$13K tuition, the rest for living!

chubee_85
04-17-2008, 05:45 PM
yea but dont let that fool u, u might end up using the entire 23k cuz living in miami is like living in manhattan itself muy expensive...