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It usually takes from 2 weeks to 2 months for banks or financial institutions to disburse the loans to the loan applicant after the loan approval process goes through.

To apply for federal student loans, submit a Application for Federal Student Aid form to the colleges or career schools where intends to do course.

Usually, it takes about 10 years to pay off student loans, however, people may take longer depending on the added interest rates and whether they are able to meet all the repayment deadlines.

Driver's license, federal tax returns, bank statements, income documentation, Social Security number and W-2s are usually required to apply for student loans without a cosigner.

After loan approval, it can take 2 weeks to 2 months for the lender to send the loan proceeds to the college or to you, as applicable. If the money is sent directly to the college, it typically takes 1-2 weeks before the remaining money is refunded to you.

By completing a Application for Federal Student Aid form through the FAFSA website, it is possible to apply for federal students loans without cosigners.