Certification and disbursement of Federal Student Loans

When do the loans get certified and disbursed if you have a endorser addendum?

There isn’t really a significant delay. It gets disbursed around the same time as other types of aid. I had to make use of loans to pay for things such as the student medical insurance and help paying for summer school. In the summer school case, the process did drag on quite a bit. However, for a normal semester, I usually had loan money credited to my student account about a week or so after grant aid had been officially posted (which is supposed to be about 10 days before the start of the semester). I also had an endorser for a Parent PLUS loan in the summer school scenario as my mom had absolutely terrible credit.

How did it drag out? Did they say they didn’t have the addendum?

I want to say it had to do with counseling or something that the endorser had to complete. It just caused a 1-2 day delay, but you really have to be on top of these things. It always seems like you just miss one thing and that prevents your loans from going out.

It says I have to complete the MPN but I completed it. Maybe it’s a processing delay.