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Originally Posted by 7032660057
I know here in the US although the loan goes directly to the school you'll receive a direct deposit or a paper check for the remainder of the loan for that term as a financial aid disbursement. That's usually about a month or a month and a half into classes and typically 2-3,000 depending on how expensive the school is and how much you're eligible for. I suppose that's not a bad turnaround if you're willing to invest that kind of time into it, the classes for the beginning terms are easy so you can definitely skate through it without being too smart.
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Correct.
Also, for those who are brave enough. You may create good quality ID, go to the institution then OPT out of the program. With this, you will will get a refund (Full or Partial - Depending on the terms of the institution) in a check to your are a transfer to a account # that you provide.