Your US Loan will be disbursed to you in two or three disbursements. The disbursements will be effected at the start of Semester 1 and Semester 2, or at the start of week four of classes for new students, providing you are fully registered and are in attendance. Tuition and University accommodation fees are deducted automatically from your loan disbursement and then the remainder will come to you by bank transfer for living expenses.
All disbursements are subject to the following conditions.
You will be advised by email that a disbursement is due and its value and how much is due to be deducted from it. When you receive this email, you may contact us to reduce or cancel the disbursement. You should ensure that you have sufficient funds from an alternative source to cover any costs until you receive your first disbursement.
Please be aware that:
Please note: if you don't warn us in advance not to draw down your disbursement, then you will be responsible for all interest charges and for its repayment.