I recall reading that they sent the money to the school. Are you sure they are sending it straight to you? If so, they are telling folks different things. I'm bummed because my school will be chopping up my student loan into 4 for each quarter so the amount I get is killed (per quarter). That really sucks. I wish I could have gone with Bank One like jfpruitt and had it all in my hand at one time. Damn them!