While he still has not made it official, it appears to be just a matter of time before Sebastian Telfair announces his intention to enter the NBA Draft.

The latest signal that the 6-foot point guard will bypass college is his departure from Lincoln H.S. since the end of last week. He is not expected to return to the school until May 3, one week before the deadline to enter his name into the draft.

According to principal Corinne Heslin, the school received a letter informing it of Telfair’s absence, citing family reasons.

But sources have told The Post that he is working out at an undisclosed location in preparation for the June draft, where he has a chance to be a lottery pick.

“The letter from the parents said that he had to deal with family issues and that he was going to miss school,” said Heslin, who added that she was unaware of exactly when Telfair would be back at the Coney Island school. “It’s not something we excused or didn’t excuse. While we have a championship basketball program, our first priority is education.”

Telfair, who signed with Louisville, is on track to graduate and meets all NCAA academic requirements. Several teachers said that his attendance and grades have been consistently good. As for when Telfair might make his decision official, his father Sylvester wouldn’t give specifics yesterday.

“I’m not going to comment on that,” he said. “Something is going to happen soon.”

He also refused to comment on where his son was.

Sources said that Telfair may make his announcement the week of May 3 to coincide with a potential $10 million shoe deal with one of the major companies, possibly adidas.

Telfair struggled throughout much of Lincoln’s playoff run to the PSAL title and state Federation championship game, but in the two All-Star games that he appeared in, he impressed scouts with his passing and ability to run an offense despite not shooting well.