Your disbursement date and the amount of time it takes for the loan to be disbursed to your school depends on two factors:
- When the school requests the funds be disbursed AND
- When you e-sign your final loan documents.
The fastest we are able to disburse the funds to your school is five to ten business days after you’ve signed your final loan documents.
Please make sure to refer to your MPOWER dashboard to confirm that the loan amount and date approved by the school match your request.
If you have any questions or concerns regarding your loan amount or schedule, please talk to your school’s financial aid office. Any changes to your loan must be sent to MPOWER in writing via ELM/Scholarnet or email. ELM and Great Lakes/Scholarnet are 3rd party organizations that facilitate electronic communication between private lenders and schools regarding student private loans