A sanctioned loan is not automatically a disbursed loan.
Many families assume the loan is effectively complete once the sanction letter is issued. In reality, lenders may still need condition fulfilment, university fee proofs, margin confirmation, visa-stage documents, or banking instructions before funds are released.
Some lenders disburse directly to the university, while some stages may involve other structured release methods.
Disbursement can happen in parts, not always as one single release.
Tuition due dates, forex timing, and lender operating windows can all affect readiness.
Students should plan for release conditions early, not after the last payment reminder arrives.