If you have a US federal loan or private loan, an instalment plan will be set up during online registration 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 student academic fees payment can be refunded back to you. What you need to do to pay your student academic fees with a US loan1. Provide your bank details on the Convera Global Pay Payee Manager system, so that the University can request the release of funds from the US Treasury.2. Register as a student online and set up an instalment plan.After your loan is confirmed and you have registered online, an instalment plan to pay either half or one third of your student academic fees will be set up to align with the loan disbursement and each disbursement will be applied towards the cost of your student academic fees.3. Confirm your attendance with your school. 4. If there are any student academic fees still to pay after a loan disbursement, these are payable by you as per the instalment plan date set up during online registration.Step 1: Provide your bank detailsOnce 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 detailsYou 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 loansStep 2: Complete your student registration online and set up an instalment plan, or pay your student academic fees in fullEach academic year, as part of matriculation, you are required to complete online registration and confirm your funding or arrange payment of your student academic fees. US federal loanTo complete registration, you’ll need to confirm you receive a US federal loan. Once we’ve received your loan disbursements, if your loan disbursement does not cover the instalment amount due, the remaining balance will be payable by you in line with the instalment schedule date, .If you anticipate a delay in your US federal loan disbursement, contact the Finance Helpline as soon as possible. We can adjust your instalment dates, but we need to receive your request at least 7 days before a payment is due.Contact the Finance helpline US private loanIf you receive a private loan, you’re responsible for using it to pay your student academic fees to the University. During online registration, you’ll need to confirm that you have a private loan to set up an instalment plan.Step 3: 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 convertedThe 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 dateThe expected loan disbursement dates will vary depending on your programme and level of study. If you are an undergraduate taught student50% of your tuition fees is due in November50% of your tuition fees is due in April If you are a postgraduate taught student 33% of your tuition fees is due in October33% of your tuition fees is due in February34% of your tuition fees is due in JuneIf you are a postgraduate research student 50% of your tuition fees is due in November50% of your tuition fees is due in April How to make a payment Any difference in value after each loan payment will be payable by you. 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. Pay by card Pay by bank transfer or online payment platform Defaulting on a paymentCheck 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 MyEdDo you need help? If your invoice shows the full tuition fee amountThe invoice you receive once you have registered online will show the full student academic 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 refusedA card payment may be refused if: there is not enough money in the cardholder’s accountthe card limit is not high enoughthe bank suspects the payment may be fraudulent and prevents it going out University’s policy on collecting late feesIf 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 finderPostgraduate degree finderOur fee definitionsThe amount you owe will appear in My finance after your invoice has been raised. Module fees and individual course feesAny 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 need an extension up to 10 days, please email finance.helpline@ed.ac.uk and confirm the date you are expecting to make this payment by and how it will be paid. If you require a further extension please complete this form request more time to pay the UniversityAdvice if you have financial problems This article was published on Monday 1 July 2024
HTML If the card payment is refusedA card payment may be refused if: there is not enough money in the cardholder’s accountthe card limit is not high enoughthe bank suspects the payment may be fraudulent and prevents it going out University’s policy on collecting late feesIf 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 finderPostgraduate degree finderOur fee definitionsThe amount you owe will appear in My finance after your invoice has been raised. Module fees and individual course feesAny 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 need an extension up to 10 days, please email finance.helpline@ed.ac.uk and confirm the date you are expecting to make this payment by and how it will be paid. If you require a further extension please complete this form request more time to pay the UniversityAdvice if you have financial problems
