Federal Student Aid - Disbursement Information

Your disbursement schedule will be determined by the course you study. 

Disbursement dates 

How much will you receive each term after fees?
 

U.S Department of Education regulations prevent a loan from being paid in its entirety at the beginning on an academic year. Disbursements are made via bank transfer. 

It is important to ensure you have funding available to cover your first weeks in London to allow for sufficient time for the funds to clear into your account.  

To help with budgeting for the year, you can work out approximately how much you will receive per term after Central has deducted your termly fee instalment using the information below.

Total loan amount - remaining tuition fees (after deposit) = remaining balance/three. See below for an example: 

$50,000 (total loan amount) - $18,500 (remaining tuition fees, after deposit) = $31,500 (remaining loan balance) / three disbursements = $10,500 paid to you each term.

Central will deduct your tuition fee balance in three or four equal instalments depending on the number of disbursements.  

Increasing or decreasing your loan during the year

You will be contacted prior to each disbursement with a breakdown of how much you going to receive after Central has deducted the tuition fee instalment. You will also be given the opportunity to increase or decrease your loan.

To increase your loan, you will need to submit an amended Cost of Attendance (COA) spreadsheet with your new loan request and a Loan Increase Decrease Form (downloadable below). If your new loan amount is approved, the additional amount will be spread across the remaining disbursements.

To decrease your loan, you will need to submit an amended Cost of Attendance (COA) spreadsheet and a Loan Increase Decrease Form (downloadable below) with your amended loan request.

Contact s[email protected] for more information.