University of Bath

Receiving your US loan

When Title IV Direct Loans and private loans are paid and how you will receive them.

Title IV Direct Loans

Title IV Direct Loans are paid to the University at the start of each term throughout the academic year.

Payments will be made to your tuition and accommodation fee accounts. You will not personally get the funds on these dates, but will be paid within 14 days (normally within five to seven working days) in accordance with US disbursement regulations.

Payment schedule

Undergraduate

  • 10 October 2016
  • 9 January 2017

Postgraduate payment dates

  • 10 October 2016
  • 9 January 2017
  • 24 April 2017

New students

If you are a new student, you will not get any loan payments until you complete registration and attend the document checking session at the start of the academic year.

You will be paid your first instalment by cheque in British Pounds. After that, you will get payments by BACS transfer directly to your UK bank account.

If you don't provide all required documents your first payment will be delayed. Please make sure that you have enough money to cover your daily living costs at the start of the year in case payments are delayed.

All payments are subject to you:

Private loans

If you have a private loan, such as a Sallie Mae loan, you will get your funds in one payment near the start of the academic year. This meets UK Visa and Immigration (UKVI) requirements.

Sallie Mae will normally send a cheque in US Dollars that you and the University need to cosign. This cheque will be deposited in our US Dollar account and the Finance Office will credit your tuition fees and accommodation costs for the academic year. We will send you a cheque in British Pounds or credit your UK bank account for any funds left over.

Please make sure that you have enough money for your daily living costs at the start of the year to cover the processing time for your loan cheque.

Making changes to your loans

If you want to make changes to your loans, please tell us in advance. If we have already drawn down funds you are due to be paid, you will be responsible for interest charges and for repayments.

Enquiries

Email

usloans@bath.ac.uk

Telephone

+44(0) 1225 383019

Address

US Loans
Wessex House 6.21
University of Bath
Claverton Down
Bath
BA2 7AY

Opening times

Monday to Friday, 10am to 4pm