Fed Financial
Do Sallie Mae student loans get paid to the individual or the college? Will I get a check?
Will I get a check or does the amount I owe the school just go down? If I get a check, I'm going to up the amount I take out so that I can afford to eat... :P
Public Comments
- Student loan checks go to your college first - if there is any money left over after your bill is paid you will get. Good Luck!!!
- There are two kinds of student loans. Federal student loans are guaranteed by the government and must be certified by the school. They are also disbursed directly to the school. Private student loans (such as Sallie Mae Signature or Tuition Answer) are credit-based loans, and while you still must prove they are for going to school, the funds are sent directly to the borrower. You can apply for both (if you need money for living expenses) but be conservative, since it all has to be paid back. http://www.salliemae.com
