<p>For fall semester we need to pay $1K for tuition by 01/07/10. </p>
<p>We applied and got approved for a private loan, but when I talked to the bank today, they said the school requested to loan to be dispersed on 01/14/10. School fin office is closed until 01/04/10.</p>
<p>I am not sure what to do now? Should I pay with my credit card now, or should I wait 'till the office is open and question the dispersement date? I don't want my classes to be canceled ( if not paid before 01/07/10). Please advise</p>
<p>Wait until the office opens on 1/4 and see if they’ll request an earlier dispersement date. </p>
<p>If it then becomes necessary, pay with your credit card on 1/6. You also need to find out if you pay with your credit card, when will you get the dispersed funds to pay your credit card bill.</p>
<p>Talk to the school. They will tell you what to do. If the SCHOOL requested a later dispersement date, that may be what they want. For the Stafford loans…for example…the dispersement is often a couple of weeks into the term. The school KNOWS the money is there…and that is what matters.</p>
<p>BUT YOU NEED TO TALK TO YOUR SCHOOL to find out what they want.</p>