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According to the TSP website, it takes a day or so to process and then up to 10 business days for you to receive your check. I put in for mine Sunday, knew by COB Monday that I was approved, and am now waiting for the check.

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Q: How long does it take to get money from teaspoon loan?
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Under what circumstances should an individual take out a loan versus pay all cash?

When taking out a loan will make money or save money in the long run.


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Usually after a person is approved they can get the money the same day at a bank or credit union.


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The state should not usually be able to take your federal student loan money. However, there might be some particular details that will cause them to take it.


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