How long does the school certification process take?

The timing of the school certification process depends on whether or not it is requested during a peak season for your school financial aid office.

If the school certification is requested during peak season, which is July through October and December through February, it can take up to 6 weeks. If it is not a peak season, it may take up to 10 business days.

Please make sure your loan period is correct; many schools cannot certify loans outside of the specific academic period requested. For example, if you apply for a loan in spring 2019 but you need the loan to cover the expenses incurred during the fall 2018 semester, your loan date must show a start date of August 1, 2018, and an end date of December 31, 2018.

Many schools will not certify loans until you have registered for classes. For example, if you apply for a loan in April 2019 for the 2019/2020 school year, which begins in August 2019, most schools will not certify the loan until July or August 2019. Please contact your financial aid office for more information on their timeline of processing loan certification requests.

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DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.