How long will it take to receive a Stafford loan disbursement?
Monday, March 30th, 2009
Richard S. asked:
I’m attending an accredited flight school starting November 5th, 2007 and plan to graduate end of March/beginning of April of ‘08. I have already secured my financing through private loans (Sallie Mae / Wachovia). I know it’s too late to apply for federal aid this year. If I fill out the FAFSA on the 1st of the year, how long will it take to receive a Stafford loan disbursement? I believe my school will request the final disbursement from Sallie Mae sometime in Feb. I’d rather get the money from the Stafford loan as the interest rate is about half of what I’m paying for the private loan.
The school is ATP (Airline Transport Professionals) located in Ponte Vedra Beach, FL. I’m attending the Jacksonville location. I could not find their school code on the FAFSA website. I know they are nationally accredited. Does this mean stafford loans aren’t available?
Marlene
I’m attending an accredited flight school starting November 5th, 2007 and plan to graduate end of March/beginning of April of ‘08. I have already secured my financing through private loans (Sallie Mae / Wachovia). I know it’s too late to apply for federal aid this year. If I fill out the FAFSA on the 1st of the year, how long will it take to receive a Stafford loan disbursement? I believe my school will request the final disbursement from Sallie Mae sometime in Feb. I’d rather get the money from the Stafford loan as the interest rate is about half of what I’m paying for the private loan.
The school is ATP (Airline Transport Professionals) located in Ponte Vedra Beach, FL. I’m attending the Jacksonville location. I could not find their school code on the FAFSA website. I know they are nationally accredited. Does this mean stafford loans aren’t available?
Marlene