City Financial Loans

USA Loan | City, University of London

University of London is participating in the William D. Ford Federal Direct Loan Program (Direct Loans), which, pending City authorization, may fund your study dues and cost of living. Please see the following section for details. Resources are available through grants (only for students), non-subsidized and plus loans. Doctoral candidates are not eligible for subsidised loans.

In order to request a US study credit from City, please obey the directions in the How do I submit my application? section below. The US Direct Credit AGBs can be found here. You will find the details of the daily subsistence and course materials in the city price calculation. Their US loans are paid out in 3 identical payments - September, January and April.

Downlaod the city estimator and fill out the form you need: Course Fees. It is our intention to start working on US study loans for 2018/19 from Monday 4 June 2018. Qualifying enrolled candidates will receive a Proof of Direct Loans Letter which can be used as proof of credit when requesting a UK enrolment permit.

It is not possible for applicants to obtain a British study permit more than three month before the course starts. While not all City Classes are suitable for foreign loans, these programs are not restricted to, but encompass, non-grade programs, programs available at non-City locations, and City Division of Nursing Classes.

A student participating in a program in the United States, a U.S.-based program entity on vacation in the United States is not entitled to receive a loan directly - this is non-negotiable and a policy established by the U.S. Department of Education. The following nondegree rates are the only ones permitted for foreign loans:

You cannot use your credit to cover your course fees. The US Department of Education does not request loans directly until you have completed your personal enrollment with City. Their US loan is paid out in 3 identical payments - September, January and April. There is a 1.069% commission on directly subsidized and non-subsidized loans from the US Department of Education, and a 4.276% commission on directly plus loans.

Participation fees cannot be modified due to currency fluctuation. Please make adequate preparations for the entire stay abroad if the changeover of credits from US dollars to GBP takes place. Upon application for a loan, enrollment, course commencement and end are registered with the National Students Loans Data System (NSLDS) soon after personal enrollment in the city.

While there are many privately owned college lending institutions in the U.S., very few will grant loans to college graduates who study outside of the U.S. It is possible to verify whether your country has a non-national credit bureau that can grant credit to foreigners. In order to request a personalized Student Term Loan through Sallie Mae, please compute your participation fees using the Calculator and then fill out the City US Credit Application Form.

The city has no connection with Sallie Mae or any other creditor and does not receive any financial incentive. The city does not support any U.S.-based providers of personal educational loans that provide credits for studying in foreign schools. Entitled US vets or their relatives can use the Veteran Affairs funds to share the costs of student dues and subsistence.