STUDENTS’ LOAN BUREAU Ques. 12: If my loan is approved by the Students’ Loan Bureau and I have completed all the necessary processes at the Bureau, will UTech, Ja. ensure that the Bureau remits payment on my behalf? Ans.: No. It is the responsibility of the student to ensure that the Students’ Loan Bureau remits payment to the University. Students can either check with the Students’ Loan Bureau, through the Students’ Portal on E:Vision, or with the Student Financial Services Unit in the Finance Division, to verify that payment has been made. Ques. 13: If I am sponsored by the Students’ Loan Bureau do I still have to pay to register? Ans.: Yes. Students are required to pay the mandatory ancillary fees as the Students’ Loan Bureau is responsible for tuition fees only. Ques. 14: How will UTech, Ja treat excess funds received from the Students’ Loan Bureau? Ans.: The University is required to return all unused funds to the Bureau at the end of each academic year. Ques. 15: What will happen if the Students’ Loan Bureau remits my loan short? Ans.: The student will be required to pay the difference, but s/he can also apply to the Students’ Loan Bureau for reassessment, and if approved, the student will be refunded the amount paid out of pocket if a credit remains on his/her account. Ques. 16: If I choose to do fewer modules than the number approved by the Students’ Loan Bureau for the academic year, can the unused funds from the Bureau be transferred from one academic year to the next? Ans.: If the student has a Targeted Loan, the money cannot be transferred. The Students’ Loan Bureau requires the University to return all unused funds at the end of each academic year. Therefore, such a student would need to make a formal request to the Bureau for the funds to be transferred to the next academic year. If approved, the Students’ Loan Bureau will instruct the University in writing. However, if the student has a PAYS Loan, s/he can request for the credit balance to be transferred. Ques. 17: If I choose to do credits above the number approved by the Students’ Loan Bureau for that academic year, will the Students’ Loan Bureau pay for the additional modules? Ans.: No. The Students’ Loan Bureau will only pay for the approved number of modules required for a particular year and programme, irrespective of the number of modules the student selects. Students must verify with the Bureau the amount covered for each academic year for their tuition. Ques. 18: If I have excess funds paid by the SLB, can this be used to cover my re-do's or ancillary fees? “EXC E L L E NC E THROUGH KNOWL E DG E ” ST UD E NT FI NANC I A L SE R V I C E S 109
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