Generally, your application is processed in 2-3 business days. However, before it can be approved, your school needs to certify your enrollment and loan eligibility (for example, you're attending at least half-time, and you have costs of attendance that aren't met by grants, scholarships, or federal aid). Most schools respond within 3-5 business days. Once ACPE receives the school's "certification," the loan is approved. HOWEVER, there's one more step! ACPE will send you a Loan Approval Disclosure, or LAD, describing the loan terms and conditions. To finalize your loan, you must "accept" your LAD. This can be done online via your ACPE Loan Account, or by calling our office after you receive the LAD in the mail. After you accept your LAD, your disbursements will be scheduled and your loan approved.