William D. Ford Federal Direct Loan (Direct Loan) Programme

Important information for Students wishing to apply for Direct Loans 

Students undertaking the following courses are NOT eligible to receive Federal Direct Loans.

  • Distance Learning Courses
  • Courses which are being studied less than half-time
  • Nursing Courses
  • Courses which include study, placement or research in the United States.
  • Courses that are taught or part taught with another institution that is not eligible or not certified to participate in the William D Ford Direct Loans (Direct Loan) programme.

If your course is not eligible for Federal Direct Loans, you can apply for private loans to cover costs.  The only US private loan known to us is the Smart Option Loan from Sallie Mae.  Please refer to the following websites for specific details about eligibility, how to apply, loan amounts and other terms and conditions.

www.salliemae.commyglobaled.com/InternationalStudentLoans/usstudents.html

Please note that inclusion of this information is not an endorsement or recommendation by Robert Gordon University.

How to Apply

Federal Direct Loans

How to Apply

Students wishing to apply for Federal Direct Loans should visit the US Student Loan website.

to

  • apply for FAFSA
  • for subsidized and unsubsidized loans - complete Master Promissory Note (MPN)
  • for PLUS loans - make application and complete Master Promissory Note (MPN)
  • complete Entrance Counselling - if applying for a PLUS loan ensure counselling includes this

The Robert Gordon University School Code is G31028 (this code may also appear as 031028).

You should then check your loan amount limits and complete one of the Cost of Attendance Spreadsheets listed. You cannot borrow more than the Cost of Attendance as set by the University.

Cost of Attendance - Graduate 2016-17 (XLS 46KB)

Cost of Attendance - MSc Physiotherapy (XLS 46KB)

Cost of Attendance - Dependent Undergraduate (XLS 51KB)

Cost of Attendance - Independent Undergraduate 2016-17 (XLS 51KB)

All of the following documentation has to be sent to usloans@rgu.ac.uk in one email:

  • Cost of Attendance Spreadsheet
  • A PDF copy of your completed Master Promissory Note (MPN) for subsidized and unsubsidized loans
  • A PDF copy of your completed Master Promissory Note (MPN) for PLUS loans 
  • Confirmation of Entrance Counselling having been completed - screenshot or email
  • If PLUS loan required, confirmation of positive credit check eg screenshot or email 

Failure to return all of the above documentation will result in a delay to the processing of your Loan.

Missing student notification

In signing this agreement if you are under 18 years of age and not emancipated you are permitting the University to contact your parents/next of kin and/or emergency services in the event you are reported missing.

What happens next

On receipt of all the required documentation, your loan will be processed by the University and you will receive an Award Letter giving details of the loan amounts you are to receive and when disbursement will be made. This letter should be used when applying for your visa. Once your loans have been processed, our Admissions Office will then waive the condition of paying a deposit from your offer. If this was the only condition of your offer you will then be given an unconditional offer.

Disbursement of your loan

Loans will be paid in equal instalments:

Undergraduate courses 2 instalments September and January/February
Postgraduate courses 3 instalments September starts: September, January and April/May 
January starts: January, May and August/September

Disbursements will not be made until you have enrolled and commenced studies.

Tuition fee instalments will be amended to coincide with loan disbursements and will be deducted from each loan instalment.

If you are staying in University accommodation and wish to pay for this from your loan, this can be arranged by contacting the Financial Aid Officer at usloans@rgu.ac.uk 

Any remaining funds will be reimbursed to you by BACS transfer to a UK bank account. 

Satisfactory Academic Progress

Students must progress satisfactorily on their course to ensure they remain eligible for their funding. Please refer to our Satisfactory Academic Progress (SAP) Policy. 

Withdrawal

If you withdraw from your course we must inform the US Department of Education and calculate the amount of Title IV assistance earned by you. Please refer to our Return to Title IV (R2T4) Policy. 

Exit counselling

The US Department of Education stipulates that all student borrowers who graduate, withdraw or stop attending at least half-time must complete Exit Counselling. This can be done on-line at www.StudentLoans.gov. Confirmation of having completed this should be emailed to usloans@rgu.ac.uk

Annual Loan Amounts

The amount in Direct Loan funds that you are eligible to borrow each academic year is limited by your grade level; whether you are a dependent or an independent student; your financial need; and your cost of attendance.

You cannot borrow more than your financial need or the cost of attendance.

Annual Loan Amounts

Dependent Student

 

Base
Amount

Additional
Loan

Total

1st year undergraduate

$3,500

$2,000

$5,500

2nd year undergraduate

$4,500

$2,000

$6,500

3rd & beyond undergraduate

$5,500

$2,000

$7,500

"Base Amount" includes subsidised and unsubsidised loans. "Additional Loan" refers to unsubsidised loans only. "Total" is the annual combined maximum amount of subsidised and unsubsidised loans.


Independent Student
(and Dependent Students whose parents are denied a PLUS Loan)

 

Base
Amount

Additional
Loan

Total

1st year undergraduate

$3,500

$6,000

$9,500

2nd year undergraduate

$4,500

$6,000

$10,500

3rd year & beyond undergraduate

$5,500

$7,000

$12,500

"Base Amount" includes subsidised and unsubsidised loans. "Additional Loan" refers to unsubsidised loans only. "Total" is the annual combined maximum amount of subsidised and unsubsidised loans.


Postgraduate Student

 

Base
Amount

Additional 
Loan

Total

All years

n/a

$20,500

$20,500

"Base Amount" includes subsidised and unsubsidised loans. "Additional Loan" refers to unsubsidised loans only. "Total" is the annual combined maximum amount of subsidised and unsubsidised loans.


Direct Loan Aggregate Loan Limits

 

Subsidized only

Total Aggregate

Dependent undergraduates

$23,000

$31,000

Independent undergraduates

$23,000

$57,500

Postgraduate students

n/a

$138,500

"Total Aggregate" refers to both subsidised and unsubsidised loans.

Policies

Satisfactory Academic Progress

Students must progress satisfactorily on their course to ensure they remain eligible for their funding. Please refer to our Satisfactory Academic Progress (SAP) Policy.

Withdrawal

If you withdraw from your course we must inform the US Department of Education and calculate the amount of Title IV assistance earned by you. Please refer to our Return to Title IV (R2T4) Policy.

Placements