Receiving Your Loan (Disbursements)

The first disbursement of Loans will not be paid until students are fully enrolled at York St John University. Please ensure that you have personal funds in place to cover your travel to the UK and living costs before you receive your first disbursement.

Students must make Satisfactory Academic Progress (SAP) in order to continue to receive further loan disbursements.

There will be two equal instalments for undergraduate students and three equal instalments for postgraduate taught students during the academic year. The disbursements will be made soon after the start of Semester 1 and Semester 2, and after Easter break for the third disbursement (postgraduates only).

The actual amount of each disbursement in GBP (£) will be dependent upon the exchange rate used to convert USD ($) to GBP (£) on that date. Your loans will also be subject to an origination fee.

The University will deduct your tuition fees for the academic year in equal instalments from each disbursement. If you are in University accommodation, the University will also deduct your accommodation fees from each disbursement.

You will be advised by email of the value of each disbursement made and how much is being deducted from it.

Tuition and accommodation deductions will be made in Pounds Sterling (GBP £) and the remaining balance of the disbursement (if any) will be credited to your UK bank account in GBP (£). The University cannot know in advance or guarantee the exchange rate used at the point of each disbursement. The Cost of Attendance calculations are based on an estimate only.

All disbursements are subject to the following conditions:
- You are making Satisfactory Academic Progress (SAP)
- You are enrolled at least half-time
- You are not in the USA
- You have not violated any federal compliance regulations (e.g. repayment default)

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