US loans - frequently asked questions
1. How much does it cost to attend St Andrews?
The following information provides guidance for the Cost of Attendance during one academic year at St Andrews:
2. How much can I borrow from the Direct Stafford Loan?
Undergraduate Dependent Students
| Year Of Study | Annual Subsidized | Annual Unsubsidized | Annual Combined Totals (Sub & Unsub) |
|---|---|---|---|
| Year 1 | $3,500 | $2,000 | $5,500 |
| Year 2 | $4,500 | $2,000 | $6,500 |
| Year 3+ | $5,500 | $2,000 | $7,500 |
Undergraduate Independent Students
| Year Of Study | Annual Subsidized | Annual Unsubsidized | Annual Combined Totals (Sub & Unsub) |
|---|---|---|---|
| Year 1 | $3,500 | $6,000 | $9,500 |
| Year 2 | $4,500 | $6,000 | $10,500 |
| Year 3+ | $5,500 | $7,000 | $12,500 |
Postgraduate Students
| Year of Study | Annual Subsidized | Annual Unsubsidized | Annual Combined Totals (Sub & Unsub) |
|---|---|---|---|
| All Years | $8,500 | $12,000 | $20,500 |
Direct Loan Aggregate Amounts
These are the lifetime limits for students borrowing.
| Subsidized Only | Total Aggregate (Subsidized and Unsubsidized Combined) | |
|---|---|---|
| Dependant Undergraduates | $23,000 | $31,000 |
| Independant Undergraduates | $23,000 | $57,000 |
| Postgraduate Students | $65,000 | $138,500 |
The above are the maximum loans available per academic session and the lifetime limits. The actual amount that a student can borrow will depend on their cost of attendance and will take into account the Estimated Family Contribution (taken from the Student Aid Report (SAR)) and the Estimated Financial Aid.
3. Does my loan have to be paid back, and if so, when?
Please see the site Student Loans
4. Where can I see how much will be credited to my account from my loan?
You can access your personal financial statement through your e-Vision portal.
5. If my loan disbursement exceeds my fee instalment, how will I receive any balance due?
Prior to the disbursement date you need to complete your UK bank account details through your e-Vision portal. You should receive the money into your account within approximately 14 days. Failure to complete your bank details through e-Vision will cause a delay in processing the refund.
6. What do I need to do if I withdraw from my studies while being in receipt of a student loan?
If you withdraw from your programme of studies the University will contact your lender with the details and information of any "unspent" loan funds. Unspent loan funds is the amount that you are not entitled to retain due to your withdrawal from study and this amount must be repaid to the Department of Education by the University.