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  1. #1
    amit233 is offline Junior Member 510 points
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    Loan Funds Disbursement???

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    Quick question for those who have gone the loan process......

    If the loan funds are DIRECTLY sent to the school, how do you obtain funds to pay for rent, food, traveling home, computer.......etc???? Do you get the money from the school or do you have to find a loan that will disburse funds directly to the student?? I have not been able to find a loan that will disburse funds directly to the students........

    Thanks

  2. #2
    Fornis J. Plebney is offline Senior Member 525 points
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    The school deducts tuition/expenses and gives you a check for any balance immediately after you register. You then overnight the money to the states for deposit in your US account. Takes about a week for it to clear your bank. You'll live off your own cash until then.

    You may be able to deposit it locally if you have established an account on island. I didn't have a local account, so I can't vouch for how things work w/ an island bank.

    I don't think the private loan companies AUC works with disburse directly to the students. WHEN IN DOUBT, CONTACT THE FINANCIAL AID DEPT.

  3. #3
    stcheng82 is offline Member 510 points
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    you could either take out a small loan from your bank or a cash advance on the lowest interest rate credit card you own, or borrow the money from your parents/siblings/friends. when the school gives you the refund check on registration day, you can send it home to be deposited into your bank account and pay back whoever you loaned from.
    oorrrrrr... you could find yourself a rich bf/gf who can pay for everything for you and be debt-free .
    good luck.

  4. #4
    DrShikima's Avatar
    DrShikima is offline Elite Member
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    Quote Originally Posted by amit233
    Quick question for those who have gone the loan process......

    If the loan funds are DIRECTLY sent to the school, how do you obtain funds to pay for rent, food, traveling home, computer.......etc???? Do you get the money from the school or do you have to find a loan that will disburse funds directly to the student?? I have not been able to find a loan that will disburse funds directly to the students........

    Thanks
    You won't ever find loans dispursed to the student directly. Find a job to earn a few extra $$$ if you need to live on something before going to the island.

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