How To Receive Money From Lenders
Generally speaking, a federally subsidized or unsubsidized loan or private loan can be sent directly to the student, or sent to the student's school to be put in their account. Federal student loans have two distribution channels, both of which can cut a check directly to the borrower or the school. The channels have two names, and are funded differently: Federal Direct Student Loans (otherwise called Direct Loans, or FDLP) and Federal Family Education Loans (FFELP). […]