Getting your funds
Once your information has been verified the University will certify your private loan with your lender. We will then provide you with details of the disbursement date and amount of funds you should expect to receive.
Disbursements of private loans typically arrive by cheque and may take time to clear. The University typically arranges for private loans to be paid in one disbursement, regardless of your level of study. This compares with undergraduate federal loans and postgraduate (taught or research) federal loans, both of which are disbursed on three occasions each year. If you are in receipt of both private loans and federal loans you should be aware that your federal loan disbursements may be on different dates to your private loan disbursements.
It is essential that you arrange to open a UK bank account either whilst you are still in the USA or at the earliest available opportunity upon entry into the UK.
It is also strongly recommended that you plan on having sufficient funds available for accommodation, books, supplies and any other personal expenses during the first four to six weeks of classes in light of the timeframes outlined above or in the event that there is some delay in your financial aid arriving from the USA.