The US Department of Education requires US Federal Direct loans to be disbursed on a termly basis. In the 2020-21 academic year, US Direct loans will be disbursed over three terms in October 2020, January 2021, and April 2021.

Canterbury and Medway campuses

  • 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:  https://studentaid.ed.gov/sa/types/loans/interest-rates
  • One third of the Direct loan money is drawn down at each disbursement and sent to the University in October 2020, January 2021, and April 2021. 
  • 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 third of any tuition fees due from each of the three disbursements and transfers any remaining money to the student's UK bank account.
  • If the disbursement amount is less than one third 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: https://www.kent.ac.uk/getting-started/international-students/how-to-open-a-uk-bank-account.

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).

Brussels centre

  • 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:  https://studentaid.ed.gov/sa/types/loans/interest-rates
  • One third of the Direct loan money is drawn down at each disbursement and sent to the University in October 2020, January 2021, and April 2021. 
  • The University receives the Direct loan money and converts it from US Dollars to Euros.
  • In line with US Department of Education regulations, the University then deducts one third of any tuition fees due from each of the three disbursements and transfers any remaining money to the student's bank account in Brussels.
  • If the disbursement amount is less than one third 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 bank account in Brussels can be found in the Getting Started booklet on the Brussels welcome page.

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).

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