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    hybrid21's Avatar
    hybrid21 is offline Junior Member 510 points
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    loan question

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    Hey guys,

    I was wondering how this whole loan thing works...
    OK so I get approved for the loan, which AUC then uses to deduct for tuition, dorm, whatever.
    And after ten days from the first day of classes, the refund check is sent to my bank in the states straight from the AUC offices???
    And when do I even have to sign the check???
    When do I tell them to send the refund check to my bank account, or is this already handled when I'm in the loan application process???

    I never took out a loan before, so I'm pretty much freaking out here...

    OH and would an atm card work on the island for Peoples State Bank or would I need to get an account on the island?

    Thanks. I appreciate it.

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    blueoval is offline Member 510 points
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    Quote Originally Posted by hybrid21
    Hey guys,

    I was wondering how this whole loan thing works...
    OK so I get approved for the loan, which AUC then uses to deduct for tuition, dorm, whatever.
    And after ten days from the first day of classes, the refund check is sent to my bank in the states straight from the AUC offices???
    And when do I even have to sign the check???
    When do I tell them to send the refund check to my bank account, or is this already handled when I'm in the loan application process???

    I never took out a loan before, so I'm pretty much freaking out here...

    OH and would an atm card work on the island for Peoples State Bank or would I need to get an account on the island?

    Thanks. I appreciate it.
    AUC takes its cut and refunds you the rest on registration day. You can take a US check or a local check that day. I took the US route. I sign and mail my refund home and use the ATM here for money. It takes my bank 5 days for the check to clear.

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