Private College Student Loan

How does federal direct loans work.?

Do they send a check so we can buy books and other supplies, or do they go straight to the university?

Public Comments

1. They usually pay most of the courses you registered for first (but it depends on how much you were offered in loans). As for books, they will send you a refund check in the mail of any left over money. But don't count on one if your tuition is high and you don't have a pell grant. You should check with the financial aid office and see if they have a direct deposit system for college financial aid disbursements, it will give you time to buy those books for courses! Good luck!