Loan payments

• Before each disbursement, the US Department of Education deducts their origination (loan) fees from students’ Direct loan/s.  They then send the net amounts to the University of Kent.  For information on Direct loan fees, please see:  Federal Interest Rates and Fees | Federal Student Aid.
• One half of the Direct loan money is drawn down at each disbursement and sent to the University at the start and mid-point of your program. 
• The University receives the Direct loan money and converts it from US Dollars to UK Pounds Sterling.
• In line with US Department of Education regulations, the University then deducts one half of any tuition fees due from each of the two disbursements and transfers any remaining money (the credit balance) to the student's UK bank account.
• If the disbursement amount is less than one half of the tuition fees due, the whole disbursement will be deducted towards tuition fees, and no money will be transferred to the student's bank account.
• Information on how to open a UK bank account can be found on the following web page: International students - Welcome to Kent - University of Kent.
  

Please note that students will not receive any loan money at the immediate start of the academic year. Students should ensure that they have sufficient funds to cover travel to the University of Kent, plus living expenses, for a minimum of six weeks after their arrival (from the beginning of term).

January Starters

January starters will receive their first disbursement in January and the second disbursement at the mid-point of their program. This is normally in July.

Exact dates will be confirmed to you in your loan award letter.