If you have a US federal loan or private loan, an instalment plan will be set up to align with your loan disbursement dates. You must provide your bank details using the Convera Global Pay Payee Manager system so any surplus funds due after a tuition fees payment can be refunded back to you. What you need to do to pay your fees with a US loan 1. After your loan is confirmed, an instalment plan to pay either half or one third of your tuition fees will be set up to align with the loan disbursement and each disbursement will be applied towards the cost of your tuition fees. 2. Register how you will pay your tuition fees using the form provided. 3. Register as a student online and confirm your attendance with your school. 4. If there are any fees still to pay after a loan disbursement, then you will need to make a manual payment immediately after each loan payment date. Step 1: Provide your bank details Once your US federal or private loan is confirmed, you will receive a funding confirmation letter (Financial Aid Award Letter) with payment dates for the loan, the amounts, and start and end date of the loan period. A member of the Scholarship team will be in contact and ask you to provide your bank details on the Convera Global Pay Payee Manager system. You must sign up for the Convera Global Pay Payee Manager system, so that the University can request the release of funds from the US Treasury. You can find out how to do this on the New Students website. How to provide your bank details You are responsible for keeping your bank details up to date in the Convera Global Pay Payee Manager system. We cannot process your loan without your bank details. US loan checklist You should read our US loan checklist to ensure you apply for your loan before the deadline and follow all the steps. Read our guide to US loans Step 2: 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. If you do not need to complete the form again, go to step 3. Register how you will pay your tuition fees (if you have not done so) Step 3: 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 Confirm your attendance Your school must confirm your attendance and that you have started your studies. The process for confirming your attendance depends on your school, type of study and programme. Your school will contact you around the start of your programme to explain the next steps. If you have any questions, contact your school directly. Step 4: Pay the difference in value once your loan is converted The value of your US loan is converted to British pound sterling (GBP). Due to the conversion, this means you will have to pay any difference in value after each loan payment is taken. You will receive a Funding Confirmation Letter (Financial Aid Award Letter) which confirms the loan amount, disbursement dates and loan period start and end date. How much you pay on each disbursement date The expected loan disbursement dates will vary depending on your programme and level of study. If you are an undergraduate taught student 50% of your tuition fees will be taken in October 50% of your tuition fees will be taken in February If you are a postgraduate taught student 33% of your tuition fees will be taken in October 33% of your tuition fees will be taken in February 34% of your tuition fees will be taken in June If you are a postgraduate research student 50% of your tuition fees will be taken in October 50% of your tuition fees will be taken in April How to make a payment You will need to make a manual payment for any difference in value immediately after each loan payment date. You can pay by one of the following options: card bank transfer or online payment platform Make a payment You 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 payment Check My finance You 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? If your invoice shows the full tuition fee amount Your invoice will show the full tuition fees for the academic year. It will not include payments received from US loans. You can view the expected dates of your loan payments in My finance if you log in to MyEd. Log in to MyEd 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
