Loan Disbursements
- The US Department of Education will send your loan directly to Queen's by bank transfer. The Income and Student Finance Office will deduct your tuition fees and arrange to pay any remaining balance to you. Your cheque will be in £Sterling and you will receive an email notifying you when your loan has been transfered to your UK bank account.
- Federal Loan disbursements are only paid in UK Pounds Sterling and transferred directly into a UK bank account. Therefore on arrival you will need to open a local bank account and complete the direct transfer form. Please bring the completed form to the Income and Student Finance Office.
Undergraduate Programmes
- The US Department of Education stipulates that disbursement of your loans must be made in two instalments - one at the beginning of each semester, i.e. late September and late January. As your loans will be disbursed in two instalments, the University will accept payment of 50% of your tuition fees in September and 50% in January.
Graduate Programmes
- Disbursement of your loans will be made in three instalments - in late September, late January and early June. As your loans will be disbursed in three instalments, the University will accept payment of your tuition fees in three instalments.
Please Note: Different dates may apply to PhD students who start at other times of the year. You should also be aware that your loan funds will be transferred to Queen's close to the above disbursement dates. It can take two to three weeks for the funds to be cleared by the bank and made available to you. You should, therefore, ensure that you have alternative funds available to cover your costs for the first few weeks.
