How can I use a Funding U student loan?
Funding U loans are disbursed directly to the school and applied evenly across the remaining terms of the current academic year. For example: If you are applying in the Fall, half of your approved loan amount will be disbursed toward the Fall term and the other half toward the Spring term.
Keep in mind that previous school years, Summer terms, and online-only programs are not covered. Fall-only loans are available only to Senior students graduating in the Fall term.
Loans are intended to help cover the cost of attendance (COA), which is the estimated total of the costs of the given school year as determined by each school, including:
Keep in mind that previous school years, Summer terms, and online-only programs are not covered. Fall-only loans are available only to Senior students graduating in the Fall term.
Loans are intended to help cover the cost of attendance (COA), which is the estimated total of the costs of the given school year as determined by each school, including:
- Tuition and fees
- Housing and meal plans
- Books & Supplies - such as textbook or computer purchases
- Transportation costs
- Miscellaneous
Please address your concerns about any specific costs, such as rent, moving expenses etc, that you intend to cover with your school’s financial aid office directly.
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