Skip navigation to content

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 Subsidized/Unsubsidized (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 $57,500 
 Postgraduate Students $65,500   $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 [scholarships, grants, etc.].

 

3. What are the interest rates and fees 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 fees and how to repay your loans.

 

4. What Financial Aid am I eligible for?

Studying at a foreign school means that you are ineligible for some of the usual US-based Financial Aid such as federal and state grants (e.g. Pell Grants) and scholarships. The US Loan team at the University of St Andrews can only administer your applications for US Loans - this is borrowing that must be repaid. 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.

University of St Andrews 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 Disbursements:- As standard, loan funds will be disbursed directly to the University in September, January and May. Each loan disbursement will be applied towards the payment of your tuition and/or accommodation fees. An instalment plan to pay 1/3 of your fees will be set up in line with your loan disbursements. Any credit balance after your fees have been paid will be refunded to you after each disbursement. Any shortfall due towards your fees must be paid immediately after each loan disbursement.

Undergraduate Disbursements:- As standard, loan 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 1/2 of your fees will be set up in line with your loan disbursements. Any credit balance after your fees have been paid will be refunded to you after each disbursement. Any shortfall due towards your 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?

Once you become a current student at St Andrews, you can access all your financial transactions with the university through MySaintlocated under ‘My Details’ >> Student Finance >> My Financial Statement.

 

9. If my loan disbursement exceeds my fee instalment, how will I receive any balance due?

You will be required to enter UK bank details in order for a refund to be processed. 'My Details' >> 'Student Finance' >> 'Manage my Bank Details for Refunds'. Any surplus credit balances will be paid as soon as possible, but no later than: (1) 14 calendar days after the balance occurred if the credit balance occurred after the first day of class of a payment period; or (2) 14 calendar days after the first day of class of a payment period if the credit balance occurred on or before the first day of class of that payment period.

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.

Enquiries

Can't find what you are looking for?

Search our FAQs or submit your own question…

Ask a question

See also