Receiving loan payments
From this year, funds should be transferred directly from the US Treasury to overseas institutions for Direct Loan payments.
- Your funds must be used to pay your fees first.
- The funds will need to be converted to £Sterling. Birkbeck College’s Fees Office will liaise with a local bank to have funds converted. Please note that this process can take up to six weeks.
- Due to recent changes in US legislation, international universities are now required to receive federal Stafford loans in multiple and equal instalments. We estimate that the disbursement dates will be on or around 1 October, 5 December, and 20 March.
- You must have enough money for living costs at the start of your course. You can estimate how much you will need by using our Cost of attendance spreadsheet.