<p>I've applied and been approved for federal student loans and every time I call I get the run around and different dates. Everyone else I ask says they've gotten their financial aid after a couple of weeks. It's been MONTHS and I haven't seen a penny. I don't understand, is there not some time limit? Most of what I read about federal loans says that at the most it takes 30 days? :( I need to pay bills!! </p>
<p>In most cases your federal loans will be credited to your bursars account. Have you checked to see if this has happened? </p>
<p>Did you complete the master promissory note?</p>
<p>Are you talking about Direct Loans?</p>
<p>Did the loans go to paying college costs? Don’t call the FA office, go IN THERE.</p>
<p>How many classes are you taking? Were you awarded any other aid?</p>
<p>Are you going to a CC?</p>
<p>When you call, you may very well be talking to a call center worker or student worker who has no true clue about what is really going on with your financial aid file. The only way to know for sure is to go in and talk with an aid officer.</p>
<p>A couple things I can think of that might be causing your aid not to disburse: Are you enrolled at least half-time (usually 6 credits or more)? Are any of your classes remedial (sometimes those credits won’t count toward the hours needed to be considered half-time for financial aid purposes)? Were you selected for verification, and if so, did you send the required documentation - and did you look at your account to make sure nothing was requested after the initial request? Did you accept your loans (online or with a request form, depending on your college’s policy), and did you complete entrance counseling and master promissory notes for your loans? Did you check your student financial information to see if maybe the loans were paid to your account & you didn’t have a refund owed because the money paid off current charges? It could be something else, of course, but these are the common reasons to explain what may have happened given your post.</p>