Loan disbursement and exit counselling
Federal loan disbursements
The first disbursement of loans will not be paid until students are registered at Glasgow Caledonian University. In case of any unforeseen events, please ensure you have personal funds in place to cover your living costs for the first four weeks of the academic year.
There will be two equal instalments for undergraduate students and three for postgraduate taught students on the following dates:
- 28 October 2023 for continuing students
- 24 February 2024
- 08 June 2024 (Postgraduate students)
The disbursement dates provided are estimated.
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 deduct your accommodation fees from each disbursement.
Tuition and accommodation deductions will be made in pounds sterling and the remaining loan amount will be credited to your bank account in US dollars on each of the above disbursement dates. The University cannot know in advance or guarantee the exchange rate used at the point of each disbursement. We will convert the amount received at that day’s exchange rate.
Students must make Satisfactory Academic Progress (SAP) in order to receive the next disbursement.