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What does it mean to disburse a loan?

Updated: 9/13/2023
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12y ago

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Usually when you are granted a loan it will have 2-3 disbursements. Think of a disbursement as a "payment." If half of your loan pays out to the school, you will begin paying interest on that amount. When the second disbursement comes in, you will begin paying interest on that next amount.

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12y ago
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