The date on which the lender issues the loan funds and sends them to the borrower, school, or existing loan holders.
The date on which the lender issues your loan check and sends it to your college.
The date your lender issues you student loan check.
The date when the lender or escrow agent releases an EFT or issues a loan check, not the date the funds are received by the school or student. The funds received date may be several days later than the disbursement date.
For FASTFUND lenders and servicers, the disbursement date is the date that the lender funds ASA for the disbursement. The lender can begin billing the U.S. Department of Education for interest and special allowance either on the date the funds are transferred to ASA or 3 days before ASA sends the funds to the school whichever is later. For non-FASTFUND lenders, the disbursement date is the date that the disbursement is issued to the school.
The date the funds were issued/sent to the school or escrow agent (if applicable).
The date the loan check is issued by the lender.