Receiving your Loan and Satisfactory Academic Progress (SAP)


Student loan amounts are per year. The loan, however, is divided into equal disbursements and normally paid over three (3) terms for students starting in September, two (2) for students starting in January and one (1) for students starting in April/May. Students with less than three terms left in an academic year, will have the loan amount divided into equal disbursements for the remainder of their studies (one per remaining term).

Any amounts owed by the student are deducted from the disbursement as per the offer letter. The credit balance, if any, is paid into the student’s bank account within 14 days of the disbursement date.

Please note: the Department of Education charges an origination fee which is deducted from each disbursement. Details can be found in the CoA spreadsheet.

Exchange Rate

We regularly review and, if appropriate update, the exchange rate we use to convert the CoA from GBP (£) to USD ($). The exchange rate used already allows for some currency fluctuations. You will find the exchange rate applied to your CoA on the spreadsheet. Exact disbursement amounts in GBP are not known to us until the funds have reached our bank account and will inform you of the GBP amount you’re entitled to as soon as possible.

Satisfactory academic progress (SAP)

The school’s SAP policy applies to all students taking federal loans at the London Film School, specifically Direct Subsidized, Direct Unsubsidized, Grad PLUS and Parent PLUS loans.

Full details of the SAP process, and the procedures to be followed if a student fails to meet SAP requirements, are outlined in the SAP policy - see our Consumer Information and Policies.