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Just last week my parents and I finally sat down and filled out all of the annoying promissory notes for financial aid loans.
My question is, how exactly does this all work now? The government's website is incredibly vague about how and when we will actually see the money.
When does the $ get sent out? Where is it put? Is it given to the university first (for tuition, room, and board) and then the remainder to the student? If that's the case, then when does the $ find its way back to the student to pay for books and other expenses?