US Federal Loan Cheques Clearance System
American students often get Federal Funding for their UK education. Working with leading US student loans providers, we’ll ensure these funds are cleared and credited to your account within 4 working days.
Manual processes are automated and your cash flow is enhanced, and there’s no need to open special foreign currency accounts. This gives you the opportunity to credit the student accounts much quicker, reduce the risks associated to outstanding debt, and allocate the funds towards tuition and accommodation fees more efficiently. For total transparency, we’ll provide a fully-referenced statement which makes it easy for you to identify and allocate funds. Our online system will log the cheque and get the prevailing exchange rate.
The diagram below shows the cheque clearance process in detail:
