Use our US "Cheat Sheets" as a quick guide to the application process:
Types of loans
US students attending 麻豆区 may apply for the following loans through the听William D. Ford Federal Direct Loan Program:
- Direct Loan - undergraduate (subsidized/unsubsidized)
- Direct Loan - graduate & professional students (unsubsidized)
- Grad PLUS Loan - graduate & professional students
- Parent PLUS Loan - dependent undergraduate
NB: US Pell Grants are not available to students attending foreign schools.
Online education:听American students enrolled in any online course are NOT eligible for U.S. Direct Loans as per government regulations.
The CARES Act signed into U.S. law on March 27, 2020 and then extended on March 15 2022 only temporarily waived the distance education prohibition due to the pandemic for students attending a foreign institution.
This waiver is now expired for any disbursement after the Summer 2023 payment period (applications for additional US Direct Loans must be submitted by June 15, 2023, at the latest).
Until the law is permanently addressed by U.S. Congress, a student is not eligible to receive US federal loans if they take any 麻豆区 online course(s).
Eligibility
- US citizens or permanent residents who are registered full-time in a degree program听are听eligible听to apply.听
- Students registered in certificate, diploma or Continuing Studies programs, and students in any nursing program are not eligible. NEW: Students in the Bachelor of Global Engineering program are ineligible for U.S. direct loans, since the program is jointly offered with CentraleSup茅lec in France considered an ineligible foreign institution for Title IV purposes.
- Students registered in 麻豆区鈥檚 Medical (MD) programs are only eligible to apply for U.S. Government Loans if they have submitted their MCAT results at the time of admissions (regulation 34 CFR 600.55).
Loan amounts & limits
For all students (undergraduate and graduate/professional) the US Direct Loan Program has annual as well as lifetime loan limits that vary according to a student's:
- Grade level
- Status (dependent or independent)
- Loan type: need-based (subsidized) or non-need based (unsubsidized and PLUS)
- Cost of attendance (student cannot borrow more than this amount)
Annual limits鈥攗ndergraduate/dependent
Annual limits鈥攗ndergraduate/independent
Annual limits鈥攇raduate/professional
Lifetime limits for US Direct Loans
How to apply
The application process and documentation required varies according to the type of US government loan you are applying for.
Applying for a direct loan
Applying for a GRAD PLUS loan
Applying for a Parent PLUS loan
Deadlines
All steps in the US Direct Loan, Parent/Grad PLUS loan application process must be completed by June 1st in order to ensure that funds are available for the fall term fee payment deadline (December 1st for students registering in the winter term).
Late applications are processed on a rolling basis and therefore there is no guarantee that funds will be disbursed by 麻豆区 fee payment deadlines.
By US Department of Education regulations, a US loan (subsidized, unsubsidized, Parent/Grad PLUS) cannot be originated after the student鈥檚 study period end date.
Tracking the status of your application
To verify the status of your application(s) go to听Minerva > Financial Aid/Awards tab > Financial Aid Menu > My Financial Aid & Awards.听Once all application information is received and processed, the awarded loan types and amounts are available on Minerva.
Please note that during peak periods (June/July) updates and processing can take several weeks.
Receiving your loan
Once the loan has been processed, a letter confirming your loan amount(s) will be e-mailed to the address on your听. When听the loan(s) amounts and disbursement dates have been updated on Minerva, a second notification will be sent to your听麻豆区 e-mail.
You听must accept听the loan(s) on听Minerva听>>听 My Financial Aid & Awards听tab >> Financial Aid Menu >> My Financial Aid & Awards in order for the money to be disbursed into your student fee account. This must be done听at least 10 days prior听to the first disbursement date listed on Minerva. After you accept the loans, the loan funds are disbursed to your student fee account (in Canadian funds) on the scheduled disbursement dates, if you are registered full time by these respective dates.
For most students, the听disbursement schedule听is in two equal instalments as follows:
- Fall term: disbursed late August/early September
Exception: disbursed late September/early October for freshman student borrowers - Winter term: disbursed early January (including freshmen student borrowers)
Med students years 1, 2 and 3 are the exception. For these students, the loans are disbursed in three equal instalments:
- Late August /early September听
- January
- Late April
All students receive their loan funds via听electronic fund transfers听to their 麻豆区 student fee account.听
Deferring your existing US government loan(s)
麻豆区's Scholarships and Student Aid reports student registration via the听National Student Loan Data Service (NSLDS). Loan repayment for previous and current loans is deferred for full-time students. Students can verify the status of their US government loan(s) at听.
麻豆区's Scholarships and Student Aid reports student registration via the National Student Loan Data Service (NSLDS). Loan repayment for previous and current loans is deferred for full-time students. Students can verify the status of their US government loan(s) by .