Process Time for my Federal Student Loan

Introduction

Process Time for My Federal Student Loan 

Question

How long does it take to process my federal loan if I just accepted it today? 

Answer

Most loans are automatically certified after they are accepted. If your loan request remains at a “processing” status in your e-services after you accept it, it takes approximately 3-5 business days for us to certify your loan. During high peak process times (e.g., at the start or end of a semester), it can take up to 7-10 business days. After federal loans are certified, there is a two-day effective date before funds apply to your charges.  

Please remember that before we can certify and disburse any federal loans, you must complete: 

Bullets #1 and #2 (EC and MPN) are completed by using your Federal Student Aid (FSA) ID to log in to the FSA website.  

 

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Details

Article ID: 128842
Created
Fri 2/26/21 10:32 AM
Modified
Wed 4/28/21 12:38 PM

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