Students can check the status of their loan approval via the bank’s online portal, mobile app, or by contacting their loan officer directly. Most banks provide updates via SMS or email once the loan is approved. If the loan is approved but you want the disbursement delayed by six months, you will need to inform the bank. In many cases, banks are flexible and can defer disbursement, provided you have communicated the situation in advance. However, interest may start accruing, so discuss all options with your bank.