Length of loan process.

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Length of loan process.

Postby jennifermmoore08 » Tue May 19, 2009 3:21 pm

This will be my first time applying for a Stafford loan, and I was wondering how long the process takes. I know that with FAFSA (which I have already applied for) it is fairly quick...a few days. Is it comparable with the Stafford?
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Re: Length of loan process.

Postby Ms. Stafford » Tue May 19, 2009 3:31 pm

Hello, once you apply for the Stafford Loan the information is sent by the lender you apply with to your school. This process usually takes 1-2 weeks. It is then up to your school to certify the loan, and every school has different dates when they do this. They also determine the disbursement of the loan. So there isn't a concrete answer to your question because it is a very school driven process.
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