can student loans access my bank account

Best answer


While most financial aid offerings and student loans go through your college’s student financial services office,there are certain types of student loans that go directly to your bank account.

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  • Do student loans go directly to your bank account?

  • While most financial aid offerings and student loans go through your college’s student financial services office, there are certain types of student loans that go directly to your bank account.

  • Can a lender garnish your bank account for student loan debt?

  • She is the founder of Wealth Women Daily and an author. Lenders can garnish your bank account to recover student loan debt, and they can do it in different ways depending on whether your student loans are federal or private.

  • Are student loans disbursed directly to the student or to the school?

  • So are federal or private student loans disbursed directly to the student or to the school? Well, it depends. Most financial aid鈥攊ncluding scholarships, grants, work-study paychecks, and loans 鈥攚ill go directly to the school, where it鈥檚 applied to your tuition payments, college fees, on-campus housing payments, and more.

  • How do I get my student loan funds from my school?

  • Ask the representative about student loan disbursement policies and whether the school offers direct deposit. Complete and submit the required information or form to receive your excess student loan funds via direct deposit.

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