Student Loan disbursement close to CTC

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  • #35579
    patience123
    Member

    My husband is in school. Will his next loan disbursement affect the CTC?

    #35581
    TTrumble
    Member

    Hello patience123,

    I’m afraid your question is a little vague and definitely needs to asked of your counselor instead of here. How much is the disbursement? When will it take place? How close are you to getting your CTC? Those and several other items that are specific to your situation can affect the answer.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #35583
    patience123
    Member

    We are literally days from CTC. Bank is already listing a closing date of 1/19/17. We are waiting for our REAL closing date that our MC says hopes will be on 1/19/17. Loan disbursement will be about $10,000. We already had to show our future payments for previous loans. Does this help?

    #35585
    TTrumble
    Member

    Hello patience123,

    Again, only your counselor will be able to tell you for sure. However, if your future payments on this disbursement have already been factored in when calculating your affordability, then you probably will be fine.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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