Student Life Centre

Once You Are Here

 

How do I register to receive my loan?

To receive the first instalment of your loan you must be registered (enrolled) at the University. You should ensure that you have sufficient funds from an alternative source to cover any costs until you receive your first instalment.*  

The University's Online Registration System opens on 1st September. Further information regarding registration is available on the Student Hub.

How will I receive my loan?

Your loan will be sent by electronic transfer from the U.S. Department of Education to the University's bank account in equal instalments and you will receive your loan in equal instalments in accordance with Federal Student Aid regulations.

Federal Student Aid regulations require the University to immediately take your tuition and your accommodation fees (if you are in University accommodation) from your loan, before returning any excess to you.

  • If you are an undergraduate student, you will receive your loan in two equal instalments. The University will take half of your tuition and if applicable accommodation fees from your first loan instalment and the remaining half from your second loan instalment. Your tuition and if applicable accommodation fee payments will be credited directly to your University student account.
  • If you are a graduate taught student studying a degree program which includes a year-long module or a module taught across semesters, you will receive your loan in two equal instalments. The University will take half of your tuition and if applicable accommodation fees from your first loan instalment and the remaining half from your second loan instalment. Your tuition and if applicable accommodation fee payments will be credited directly to your University student account.
  • If you are a graduate taught student studying a degree program which does not include a year-long module or a module taught across semesters, you will receive your loan in three equal instalments. The University will take a third of your tuition and if applicable accommodation fees from each of your loan instalments. Your tuition and if applicable accommodation fee payments will be credited directly to your University student account.
  • If you are a graduate research student, you will receive your loan in two equal instalments. The University will take half of your tuition and if applicable accommodation fees from your first loan instalment and the remaining half from your second loan instalment. Your tuition and if applicable accommodation fee payments will be credited directly to your University student account.

You will be notified of your loan disbursement dates and NET loan amounts in your *Notification of Student Loan Letter.

After the University has taken your tuition and if applicable accommodation fees, any loan excess will be refunded to you by funds being transferred electronically to your UK bank account. If you are eligible to receive a refund, Student Accounts will send an email to your Sussex email account. Refunds are issued in pounds sterling and it may take up to 14 days before any loan excess can be refunded to you.

To have any loan excess refunded, you will need to enter your UK bank account details into your Sussex Direct account by 8th October 2021. Click on the ‘Personal’ tab and select ‘Financial’ from the drop down menu. On the ‘Financial’ page click on the button that says Bank Account, click ‘Add’, enter your eight digit UK account number and six digit sort code, then click save.

If you will not have a UK bank account open before the 8th October 2021, please contact Student Accounts between the 1st and 8th October 2021 to provide the details of your international bank account. Please note international refunds will be processed within two weeks from the date your student account is credited with your loan disbursement, but may take a further two to four weeks to clear into your international bank account.

*As you will not receive your loan at the immediate start of the academic year, we would advise you to ensure that you have brought sufficient funds with you to cover travel to the University, plus expenses, for a minimum of 6 weeks from the beginning of Semester One. 

The exchange rate used by the University to disburse your funds will vary for each disbursement as it is set by Western Union at the point when funds are drawn down from the U.S. Treasury's Federal Reserve System.

If you have any questions regarding the disbursement of your loan(s) or your University student account, please contact Student Accounts directly. Their telephone number is +44 800 849 4979 or email: studentaccounts@sussex.ac.uk.

How do I open a UK bank account?

You can find information on how to open a UK bank account here.

National Student Loan Data System (NSLDS)

Details of your loan will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders and schools determined to be authorized users of the data system.

In accordance with Federal Student Aid regulations, the University will update your enrollment status in NSLDS every 60 days.

Aid Summary

You can use Aid Summary on StudentAid.gov to view summary and detailed information about the financial aid you have received. Aid Summary is populated from data in the National Student Loan Data System (NSLDS).

Log in to your account using your FSA ID (username and password) and then select “View Details” from the "My Aid" section of your dashboard.

You can view:

  • A history of any federal student aid that you have received;
  • The status of your loans that are subject to subsidized usage limits;
  • Your contact details and update your details
  • Your current enrollment and enrollment history;
  • Payment history;
  • Overpayment information; and
  • Loan servicer information

Details of your loan servicer can be found in Aid Summary.

In-School Deferment Forms

The National School Loan Data System (NSLDS) has replaced in-school deferment forms for federal Direct Loans.

If you have a form to declare that you are still in-school in order to defer repayments on previous private loans, or to prove you are registered, it must be signed by the relevant office below once you are registered and in attendance at the University:

Direct Loan Financial Awareness Counseling

It is strongly recommended that you complete Financial Awareness Counseling via StudentAid.gov each year that you receive a Direct Loan. 

The counseling will provide basic financial management information, show your current federal student loan debt and provide an estimate of the amount your student loan debt is likely to be when you leave school.

You will need your FSA ID (username and password) to complete the Financial Awareness Counseling. This is the same FSA ID used to complete the FAFSA.

Watch this video to find out how to keep track of your federal student loan balance:

 

Tax Return (IRS Tax Form 1098-T)

The University does not currently complete IRS Tax Form 1098-T for students (or parents of dependent undergraduate students) to claim an education tax credit. The University does not have an Employer Identification Number (EIN) which is required on the tax form and the form will be rejected without this number.

Student Accounts provide, upon request, a receipt for tuition fees paid that you can submit with your tax return. To request a receipt please call Student Accounts on: +44 800 849 4979 or email: studentaccounts@sussex.ac.uk.

Budgeting

Student Money Advisers in the Student Life Centre offer one-to-one budgeting sessions to help students manage their money. You can request an appointment by emailing: studentfunding@sussex.ac.uk

Watch budgeting advice from Federal Student Aid and create your own budget.

 

Satisfactory Academic Progress

If you are receiving a Direct Loan (Subsidized, Unsubsidized or PLUS) you must progress satisfactorily towards completion of your academic program in order to remain eligible to receive loan support. Your Satisfactory Academic Progress (SAP) will be checked prior to each loan disbursement, at the end of each payment period. Download the Satisfactory Academic Progress (SAP) Policy for Title IV Financial Aid Recipients [PDF 325.86KB]

Direct Loan Exit Counseling Completion

You are required to complete exit counseling each year that you receive a Direct Loan. The counseling will provide important information on loan repayment and your rights and responsibilities as a borrower.

Direct Loan exit counseling is completed electronically via StudentAid.gov. Click on the “Complete Exit Counseling – Log In To Start” button and follow the instructions. You will need your FSA ID (username and password) to complete the Exit Counseling. This is the same FSA ID used to complete the FAFSA.

You must notify the Financial Aid Office by email (usfinancialaid@sussex.ac.uk) that you have completed the counseling. A report can then be obtained by the Financial Aid Office that shows that you have met the U.S. Department of Education’s requirement. 

Contact Details

The Financial Aid Office are responsible for administering Direct Loans at the University of Sussex. Our contact details are:

Email: usfinancialaid@sussex.ac.uk    

Address: Financial Aid Office, Student Life Centre, Bramber House, Level 1, North Side, University of Sussex, Falmer, East Sussex, BN1 9QU, England

Other Contacts

Admissions Office
Student Accounts
Housing Services
International Student Support