Would it be possible to pay for the tuition fees in parts over the course of the year? I know that if you take a student loan, they pay it over the course of the year to the university, so could you do that yourself?
I would prefer not take the loan because of the changed terms and the pretty high interest theyre adding.
However, I dont think I will be able to have all the money available at the start of the year.
If choosing to pay by instalments, I think first payment is due when you start your course (Sept/Oct) and the rest due by mid-Feb. This will be the course fees minus the deposit paid (when offer was accepted). I assume that a person can make extra payments at any time between instalments which will then be reflected in the balances on the invoice.
(Original post by James82)
Can you get a loan part way through the year? It would be a waste of time and money if you suddenly ran out of money in the final term.
Do you mean a loan from a commercial institution (such as a bank) or a loan from the university? If its the former, sure you can, if you qualify, but remember any money owed to Imperial as shown on the invoice has to be paid by the dates given. If you want to get a loan, make sure you have it by Feb to pay the final instalment balance.
Just remember, for certain payment methods they charge an extra percentage fee for processing (Payment by credit card and non-UK debit card will attract a surcharge of 1.345% on the value of the transaction.). Details on the link I posted above.
According to a statement on the link if you pay using the 2 installments you have to pay an extra 4% which goes with the first payment. So in total you pay £9360 split £4860 and £4500.
Here is the section:
'All self-funded students whose sessional fee exceeds £2,000 have the option to pay by two instalments with the first instalment due on the latter of 1 September or 30 days from the date of the invoice and the second instalment due on 15 February. Please note that paying by instalments will incur a facility charge of 4% of the total fee for the year with this instalment charge payable with the first instalment.'