You will be required to enter into a loan agreement with ECU. Student Loans are interest‑free, and repayment timing and amounts are at your discretion, provided the full balance is repaid within 12 months from the date the loan is paid to you.
An invoice will be raised and accessible in SIMO for the financial year in which the loan is granted.
Any payments you make will automatically allocate to your Student Loan until it is fully repaid. If you intend for a payment to be applied to tuition fees or SSAF, you must notify the Student Fees Office.
Students whose loan applications are approved must repay the full loan amount within 12 months of the loan being granted.
Students will not be granted loans within six months of their course completion.
Failure to repay the outstanding amount may result in the matter being referred to a debt collection agency.
From the time the loan is granted, a financial encumbrance will be placed on your student account. This will prevent graduation until the loan is repaid in full.
If the loan is not repaid within 12 months, an additional encumbrance will be applied that restricts access to University services, including:
In exceptional circumstances, your loan agreement and final repayment date may be renegotiated. Extensions may only be granted in the latter half of the repayment period.
Please contact the Student Fees Office if you need to discuss a possible extension.