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Refund anticipation loans (RALs) are short-term loans secured by your expected income tax refund. While it may seem like an easy solution to get fast money, it comes with a price—excessive fees. You may not realize how much the loan will really cost you since you don’t have to pay anything out of pocket when you receive your money from the lender. Read on for examples and more.

Refunds are on their way! Be sure to check with your school for the date student refunds or disbursements will be sent out. Every school is different, so it’s important to know when to expect a refund. By using the tips below, you’ll be sure to receive your refunds FAST!