This question is on behalf of my sister who is a junior in college:
"How long can a university "wait" to give students their loan money after it's been sent to the school from sallie mae? Is there a legal time frame or are they pretty much just allowed to keep the money as long as they like? My loan was disbursed almost a month ago and I can't get them to speed the process up any despite the fact that I have $200 left to my name and need to pay my rent and buy groceries! The worst part is I am paying interest on money I don't even have yet!"