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If you have filled out a FAFSA, received an award letter, and formally told your school which financial aid and/or loans you would like to accept, you will receive your federal student loan in two disbursements. The first disbursement will be at the beginning of the year during the first semester and the second disbursement will be in the middle of the year during the second semester usually. Your loan will go directly to your school to cover your tuition and fees and anything left over will be sent to you via your student account, or check, or directly deposited. If you have any questions, you can visit your college's financial aid office.

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