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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 UnsubsidizedAnnual 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 UnsubsidizedAnnual 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 SubsidizedAnnual Unsubsidized  Annual Combined Totals (Sub & Unsub)
 All Years $0  $20,500  $20,500

 Direct Loan Aggregate Amounts

These are the lifetime limits for students borrowing.

  Subsidized Only  Total Aggregate (Subsidized and Unsubsidized Combined)
  Dependent Undergraduates $23,000  $31,000 
 Independent Undergraduates $23,000 $57,000 
 Postgraduate Students $65,000   $138,500

The above are the maximum loans available per academic year 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. What are the interest rates on my loan and how is this required to be paid back?

This information is determined by the US Department of Education. Please use these links to see the latest interest rates and how to repay your loans.

4. What Financial Aid am I eligible for?

US students studying overseas are eligible to apply for Direct Loans and/or Private Loans but are, unfortunately, not eligible for State funding such as Pell Grants and Federal Perkins Loans. You may be eligible to apply for scholarships directly through St Andrews University.

5. What is the deadline for applications for Direct Loans?

FAFSA deadline: Online applications must be submitted by midnight central time 30 June in the year following matriculation (i.e. at the end of the current academic year).

State deadline: There is no deadline for foreign country applications.

College deadline: Undergraduates should apply before the end of April in the year following matriculation (i.e. at the end of the current academic year). Postgraduates must apply as per the federal deadline above. 

6. How do I get my visa?

As the USA is considered a "low risk" country, you do not have to produce any documentation other than your passport and photographs to make an application for a Tier 4 General Visa. Please see this information on supporting documents

For detailed information please see the website Apply for a Tier 4 visa

7. When will my loans be disbursed to the University?

Postgraduate Dusbursements:- Funds will be dusbursed to the University in September, January and May. Each loan disbursment will be applied towards the payment of your tuition and or accomodation fees. An installment plan to pay a third of your fees will be set up to coincide with the loan disbursements. Any surplus received after your fees have been paid will be refunded to you at each disbursement. Any deficit due towards your fees must be paid immediately after each loan disbursement.

Undergraduate Disbursements:- Funds will be disbursed to the University in September and January. Each loan disbursement will be applied towards the payment of your tuition and or accommodation fees. An instalment plan to pay a half of your fees will be set up to coincide with the loan disbursements. Any surplus received after your fees have been paid will be refunded to you at each disbursement. Any deficit due towards fees must be paid immediately after each loan disbursement.

8. Where can I see how much will be credited to my account from my loan?

You can access your personal financial statement through your MySaint portal.

9. 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 in the refunds section through your MySaint portal.  You should receive the money into your account within approximately 14 days of the loan disbursement to the University.  Failure to update your bank details will cause a delay in processing the refund. If the excess funds relate to Parent Plus Loans we will require authorisation from the borrower to refund the student directly.   

10. 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.

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