Once you secure your loan, you need to follow the steps provided by your loan provider so that you receive your funding in time for the start of your programme. We will issue you an invoice that tells you the exact amount you owe. How we process an Indian bank loan We will issue you an invoice that tells you the exact amount you owe and if your loan does not cover the full amount of your tuition fees, then you must pay the rest. Your bank loan provider may provide the full funding to you in one payment which is payable within 30 days of the invoice date or they may choose to pay by instalments which are payable on the dates below, payments will be by Bank Transfer to the University of Edinburgh. Details on how to pay can be found in the section below - How to make a payment for the rest of your tuition fees.The University will set up an instalment plan, For most students receiving their invoice before 21st September 2024 instalments are payable on three set dates: 3 October3 December3 FebruaryHowever, if your invoice is received after 21st September 2024, then your instalment plan dates will be different.You can review your MyFinance for the balance of your tuition fee account at any stage and when payment is due. How to pay your tuition fees Register how you will pay your tuition fees (if you have not done so)If you have not already completed this form, you should do so now to tell us how you will pay your fees. You will need to complete this form once at the start of every academic year, or whenever the way you fund your studies changes. You do not need to complete this form if you have done so previously in the current academic year. Only complete it again if the way you fund your studies has changed. Register how you will pay your tuition fees (if you have not done so)Complete your student registration online As part of the matriculation process, you will need to complete online registration for each academic year. How to complete your student registration Pay the rest of your tuition fees The value of your Indian bank loan is converted to British pound sterling (GBP). Due to the conversion, this means you will have to pay any difference in value after the loan payment is taken. We will issue you an invoice that tells you the exact amount you owe. This will be sent to your University student email account and will show in My finance. You are responsible for any tuition fees not covered by your funding. How to make a payment for the rest of your tuition feesYou will need to make a manual payment for any difference in value immediately after:the loan is paid (if it is paid in one payment) If the loan does not cover all of your tuition fees then the value received will be allocated to your instalments by date order to reduce the value due at that time and you can pay towards the balance due with the full balance being paid by the date quoted as your last instalment date as detailed in MyFinance if you have not already paid in full prior to this date.You can pay by one of the following options:cardbank transfer or online payment platform Make a paymentYou will receive an email reminder to tell you how much you will need to pay manually. You can also check My finance after the loan payment date to see how much you owe. Defaulting on a paymentCheck My financeYou can find a record of your invoice and any fee payments in My finance. You can find My finance by logging into MyEd. Log in to MyEd Do you need help? HTML If the card payment is refused A card payment may be refused if: there is not enough money in the cardholder’s account the card limit is not high enough the bank suspects the payment may be fraudulent and prevents it going out University’s policy on collecting late fees If you have other fees to pay You may need to pay other fees for your programme (for example, module fees or dissertation fees). You can find out if you need to pay extra fees for your programme on the University’s degree finder. Undergraduate degree finder Postgraduate degree finder Our fee definitions The amount you owe will appear in My finance after your invoice has been raised. Module fees and individual course fees Any module or individual course fees must be paid as soon as possible and before the start date of your course. You cannot pay these as instalments. Dissertation fees and postgraduate research costs Dissertation fees and postgraduate research costs can be paid as part of your instalment plan. If you have paid a deposit If you have paid a deposit towards your programme, this will be deducted from the total amount of fees you have to pay. Your deposit will not appear on your invoice. If you pay your deposit early in the year, there may be a delay before this shows on your student account. If you have problems paying your fees If you’re having financial problems, we encourage you to book an appointment to speak to our team. We will offer support and provide options available. We hold these appointments on Microsoft Teams. Before your appointment, think about a payment plan that might work for you. We will assess your circumstances and decide on the best plan for you. Book an appointment online to speak to the Finance team Advice if you have financial problems This article was published on 2024-07-01
HTML If the card payment is refused A card payment may be refused if: there is not enough money in the cardholder’s account the card limit is not high enough the bank suspects the payment may be fraudulent and prevents it going out University’s policy on collecting late fees If you have other fees to pay You may need to pay other fees for your programme (for example, module fees or dissertation fees). You can find out if you need to pay extra fees for your programme on the University’s degree finder. Undergraduate degree finder Postgraduate degree finder Our fee definitions The amount you owe will appear in My finance after your invoice has been raised. Module fees and individual course fees Any module or individual course fees must be paid as soon as possible and before the start date of your course. You cannot pay these as instalments. Dissertation fees and postgraduate research costs Dissertation fees and postgraduate research costs can be paid as part of your instalment plan. If you have paid a deposit If you have paid a deposit towards your programme, this will be deducted from the total amount of fees you have to pay. Your deposit will not appear on your invoice. If you pay your deposit early in the year, there may be a delay before this shows on your student account. If you have problems paying your fees If you’re having financial problems, we encourage you to book an appointment to speak to our team. We will offer support and provide options available. We hold these appointments on Microsoft Teams. Before your appointment, think about a payment plan that might work for you. We will assess your circumstances and decide on the best plan for you. Book an appointment online to speak to the Finance team Advice if you have financial problems
