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This step can take a month or more. Receive notice from your school about your aid package. Fill out paperwork for student loans. Get money. Usually, student loan funds are disbursed during the first week of classes.
Identify your federal student loans and/or TEACH Grant service obligation that may qualify for a discharge. 3. Contact your loan holders and instruct them to suspend collection activity on your loans for a period of up to 120 days.