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  Loan disbursements

Edinburgh Napier University receives federal student aid at the start of each semester and the exchange rate used to convert USD ($) to GBP (£) may vary throughout the year. When the actual amount in GBP (£) is received, the University will deduct tuition fees before the remaining balance is paid to each student.

How and when will I receive my federal loan?

Undergraduate students receive two loan disbursements and postgraduate students receive three loan disbursements. Therefore either one half or one third of tuition fees will be deducted from each disbursement before the remaining balance is paid to the student for living expenses.
 
Federal Loan disbursements are only paid in USD ($) and can be transferred into a UK bank account or a US bank account. On arrival you will be required to submit your bank details to the Finance Team before your loan disbursement is due. Students will be notified by email when the balance has been paid.
 

You will receive a disbursement schedule from the University a few weeks before the course start date which will detail your loan amounts and when you can expect each disbursement to be processed.  

The disbursement dates are usually around the following times:
  1. October
  2. February
  3. June (postgraduate students only)
The disbursement dates are approximate and not guaranteed. Therefore please ensure that you have sufficient funds for the first few weeks of each semester. This is particularly important in autumn as the first disbursement is typically received two weeks after classes begin.
 

Approximately how much will I receive in GBP (£)?

Students must check their Edinburgh Napier University student account to ensure that a tuition payment has been made at each disbursement. The following example indicates how much a postgraduate taught student should expect to receive in GBP (£) for living expenses.
 
​ ​Example: Academic year 2015-16
Postgraduate taught student borrowing the maximum cost of attendance
Tuition Fees £13,430
USD ($) Gross: $50,400     USD ($) Net: $48,897  GBP (£) Net: £30,183 (using exchange rate of 1.62)
​GBP (£) Net Loan: £30,183 ​Disbursement 1: £10,061 ​Disbursement 2: £10,061 Disbursement 3: £10,061​
​Total Tuition Fees:
£13,430
​Tuition Payment 1:£4,476.67 ​Tuition Payment 2:£4,476.67 ​Tuition Payment 3:£4,476.67
​Balance after tuition is deducted ​Payment 1: £5,584.33 ​Payment 2: £5,584.33 ​Payment 2: £5,584.33
 

Disbursement conditions

Before the University requests federal student aid from the U.S. department of Education students must meet the following requirements:

  • Students must be fully registered at Edinburgh Napier University and enrolled at least part-time.
  • If receiving a second or subsequent disbursement: Students must be making satisfactory academic progress (SAP) and attending at least 50% of scheduled learning and teaching sessions. Please ensure you have reviewed the SAP policy.
  • Students must be studying outside of the U.S.
  • Final year students must complete exit counselling before the final disbursement is released.

Cancellation Policy

If you wish to cancel or reduce a loan at any stage of the academic year a minimum notice of 10 business days is required prior to the next disbursement. Please email usloans@napier.ac.uk clearly affirming if you wish to cancel the entire loan or a disbursement.

To reduce your loan, you must clearly state the $ USD amount you wish to reduce your disbursement by.

Warning - if we do not receive the minimum notice of 10 business days, then your disbursement will be released and you will be responsible for its repayment and any interest charges.

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