Disbursements
The first disbursement of loans will not be paid until students are enrolled at the RWCMD. In case of any unforeseen events, please ensure you have personal funds in place to cover your living costs before you receive your first disbursement.
The disbursement dates for both undergraduate and postgraduate students are:
Autumn Term beginning of week 3 following 2 weeks attendance
Spring Term – Second Monday in January
Summer Term – first Monday of Term
The actual amount of each disbursement in GBP(£) will be dependent upon the exchange rate used to convert USD($) to GBP(£) on that date
Once you have enrolled at the RWCMD, from each disbursement (after it has been exchanged into £ GBP) we will deduct an amount towards tuition and the remainder will be forwarded to you. You will need to open a UK bank account to avoid having to pay two foreign exchange charges.
You will receive an email notification when your loan has been processed in line with Federal regulations concerning your right to cancel.
Please note that it can take up to 14 days after the disbursement date for you to receive your refund.