Disbursement of funds

UTS has two disbursement dates based on 2 semesters in one academic year, each disbursement will be exactly half of your yearly award. Therefore, you will receive the total fund in two instalments after the whole process is completed.

If your loan is for only one semester, there will be two disbursements; one at the beginning and one in the middle of the semester.

Please note that disbursement dates are the dates your loan money will be applied to your UTS student account. The total amount for the first and second disbursements is based on the exchange rate on the day that the money is deposited in the UTS bank account, this date will be a couple (no more than three) days earlier than your actual disbursement date.

After your tuition fee in Australian dollars is taken out, the rest of the money will be refunded to you in the method that you indicate on your Loan Processing Request form. The most common method is that the money will be deposited to your Australian bank account that has been provided on the Loan Processing Request form. Therefore, we recommend that you open an Australian bank account shortly after you arrive in Sydney.

Your exact tuition fee will be calculated after you have enrolled in your individual subjects at UTS. The UTS fees office will be notified that you are participating in the Direct Loan program and will be aware that your tuition fees will be paid once your loan has been disbursed. If you receive notices about your tuition fees from the fees office, please contact the US Financial Aid Administrator.