<p>I'm actually asking this question on behalf of a friend. We're both returning students, and he is in danger of having his classes cancelled if he is unable to make his payment within two weeks. He was planning to take out a student loan, but upon talking to someone at SFS they informed him that you are unable to make your first payment of the semester with a loan and you have to pay it up front. To me, this sounds like it could be false information. Why would you be unable to pay with a loan if it is still a form of payment? Why wouldn't they tell you that instead of leaving you wait until so close to the cancellation date that you may be in danger of being unable to come up with the money? Should he call back again and see if someone else can confirm that information, or has anyone else ever heard this too?</p>
<p>Interludes, </p>
<p>We probably need more information to answer your questions. Is the loan enough to cover your friends bill? Also what type of loan is he applying for. Is it a Stafford loan where he would have had to file a FAFSA form or a private loan? It would have been preferrable if your friend applied for the loan earlier in the process.</p>
<p>For a Temple Bill, they predict that the loan will be used so they subtract the total by the grants, loans and scholarships given so you are in charge of paying the left over amount. Go to the Temple BUSAR website & look at the sample E-Bill. They don’t put the total up & expect you to pay off everything. They put the total, then include any loans, grants and scholarships. I hope this makes some sense.</p>