Disbursement of US Loans
First semester disbursement of funds
The first disbursement of funds?usually takes place between?end of?September to end of October, depending on how early you can present the key documents required.?
Prioritise organising?your residence permit card (if you did not get it in the US), getting a Swedish personal number (if here for more than 1 year) and setting up a bank account during?your first few weeks in Sweden.
Some of these?steps can each take a week or two to complete before you can move to the next step. ?
Once you have a Swedish bank account, you need to meet with the US Loans Officer at Lund University to present your US passport and Swedish bank account details.
The first disbursement of funds to your Swedish bank account takes place approximately?1-2 weeks?after you have met with the US Loans Officer.
Have?back-up funds available to cover?the first two months in case of?unexpected delays in fund disbursements and as a buffer for initial costs (e.g tickets for orientation week events, set up costs on arrival).
- Please be advised that funds will not be disbursed to foreign bank accounts.?
- No funds will be disbursed until you have met with the US Loans Officer and presented your Swedish bank account and US passport. ?
- Be sure to priortise a meeting with the US Loans Officer so that funds can be disbursed as soon as possible!
Getting a bank account - US Loans students
If studying in Sweden for more than a year, you need to apply for a Swedish personal number from the Swedish Tax Agency, Skatteverket. You can do this once you are in Sweden by visiting a Skatteverket office.?Once you have applied for and received the official Swedish personal number?from Skatteverket, set up a Swedish bank account at a bank of your choice?and then arrange to meet the US Loans Officer to arrange disbursement of funds.
Students who are studying in Sweden for less than one year cannot get a Swedish personal number from Skatteverket. However selected bank branches in Lund can assist US Loans students with opening an account once you are in Sweden. You will receive information about this from the US Loans Officer.
During your studies
It is possible to adjust the amount of loan during the semester. Please meet with the US Loans Officer to discuss your plans.
Second semester disbursement of funds
Disbursement of funds for the second semester takes place in early February. It is important to contact your programme/study coordinator in advance to ensure that you are registered in courses for the second semester in LADOK. You will receive information about upcoming disbursements from the US Loans Officer.
Please note that it is not possible to do an exchange, internship or other studies in the US for the duration of the period you receive US Loans at Lund University.
(US) Student Finance Administrator
studielan [at] er [dot] lu [dot] se
+46 (0)70?381 2125