US Loans Application | UCL Scholarships and funding

US Loans Application | UCL Scholarships and funding

We is not going to know you want to apply for Direct Loans till you submit your software pack to the UCL Student Funding Office.

Please familiarise your self with the varied parts of the Direct Loans Program on the US Student Loans web site however observe our directions under about how one can apply for the loans. The processing of Direct Loans at a faculty outdoors the US is barely totally different than throughout the US.

Please observe the step-by-step directions under with the intention to make an software:

Complete Your Free Application for Federal Student Aid (FAFSA)

You might want to full the FAFSA, which will be executed on-line by the FAFSA web site. You will want the next data to efficiently full the appliance:

  • A Federal Student Aid ID quantity;
  • Your Social Security Number;
  • Your tax return (for those who filed one);
  • Your dad and mom’ revenue tax return for the prior-prior 12 months (dependent undergraduate students solely);
  • UCL’s Federal School Code G06695 (or 00669500).

After the U.S. Department of Education processes your FAFSA, you’ll obtain a Student Aid Report (SAR). Please retain the SAR in your data and be ready to offer it to us if we ask. UCL is not going to be told that you’ve got accomplished a FAFSA.

Master Promissory Notes

Each 12 months a Master Promissory Note (MPN) should be accomplished for the Direct Subsidised/Unsubsidised Loan and one other, separate MPN for the Direct PLUS Loan. MPNs accomplished for different faculties and former faculty years are invalid. Please full the MPN(s) electronically by way of the US Student Loans web site. To full a Direct Loan MPN electronically you could have your Federal Student Aid PIN. After you full your MPN(s), please ship us a PDF copy in your software pack.

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Entrance Counseling

You should full Direct Loan Entrance Counseling the primary time you’re taking out a Direct Loan at a brand new establishment. You can full Direct Loan Entrance Counseling electronically by way of the US Student Loans web site, you have to your Federal Student Aid ID. After you full your entrance counseling, it could be useful for those who might ship us a duplicate of the notification together with your software pack. A screenshot of the affirmation web page will suffice.

PLUS Loan and Credit Check

To request a PLUS loan please full the Direct PLUS request electronically by way of the US Student Loans web site, you have to your Federal Student Aid ID. After you full your Direct PLUS Request, the U.S Department of Education will conduct the credit examine and notify you of the outcomes. It can be useful for those who might enclose the notification of consequence of the credit examine letter in your software pack.

This credit examine will decide your eligibility for a Direct PLUS loan. If you might be required to seek out an Endorser, you have to to ship us the Endorser Addendum and the endorser’s SSN. You can also want to finish a brand new Direct PLUS MPN.

Working out your Cost of Attendance

You could discover it useful to make use of our Cost of Attendance Spreadsheet to find out how a lot cash you have to to take out as a Direct Loan for the tutorial 12 months:

 

We advise students to make use of this earlier than making use of for a loan with the intention to discover out what degree of loan they are going to be taking over. You additionally may discover it helpful to regulate the costings of your 12 months when you’ve got a most loan determine in thoughts. 

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Please word that any price of attendance determine produced by the spreadsheet is a information determine for budgeting functions and shouldn’t be taken as a assure of funds. Medical prices and any extenuating circumstances will not be included within the spreadsheet and will be mentioned with the US Loans staff individually.  

Application Pack to ship to UCL

Please obtain and full the quilt sheet (see under). You want to inform us how a lot you want to borrow and this can’t be larger than your Cost Of Attendance. For affirmation of how a lot your tuition charges are, please examine right here.

Direct Loans are costly so don’t borrow greater than you want. In specific, do make sure you perform an intensive analysis into lodging prices.

In part 2 we’d like you to provide us the US Classification of Instructional Programs (CIP) Code of your supposed course. You can seek for it on the CIP User Site right here. Find the code which closest matches the topic of your supposed course.

You should embody the next paperwork in your software pack as PDF recordsdata:

  • Copy of Entrance Counseling completion report;
  • Copy of MPN for every loan (for instance – in case you are making use of for the Sub/Unsub loan and the PLUS loan you have to to incorporate a duplicate of each MPNs);
  • Copy of PLUS loan credit examine notification (PLUS loan candidates solely).

Please electronic mail the above paperwork to [email protected] and use the topic line “Direct Loan Application Pack”

UCL’s Confirmation to you

After we evaluate your software for a Direct Loan, we are going to contact you by electronic mail confirming the loans obtainable to you. We will then, for those who request it, subject you with a Notification of Student Loans letter, which has been authorised by the UK Border Agency as proof of student funding for visa functions. You could want to examine with the UK Border Agency whether or not you’re a “low risk” applicant and so might not be required to offer proof of enough funding on making use of in your visa.