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Financial Aid for US Students
The University of Exeter participates in the William D Form Federal Direct Loan Program (Direct Loans). This is the only US Federal funding available to U.S. students in the UK. The loans are administered centrally by the Student Funding Team. Exeter University's Direct Loan Federal code is G09442, and we are listed as University of Exeter.
Please read through the following information pages before starting the application process. You may find the process is very different to previous applications made at US universities.
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Direct Loan Programme Eligibility
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Types of Direct Loans
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Making an Application
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Cost of Attendance
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Loan Disbursement
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Direct Loan Programme
From 1st July 2011, Universities are required to publish a Net Price Calculator. The net price of your tuition fee is the price as stated in the Table of Fees. There are no reductions. The cost of living including your tuition fees and conversion to US dollars is by use of the University's Cost of Attendance spreadsheet which you can download and complete by clicking this link US Loan Cost of Attendance .For information regarding Fire Safety Regulation please read our Health and Safety Policy
Loans for 2012/13 Academic year:
Eligible US students wishing to take out Direct Loans for next academic year will be able to start the process from Friday 1st June 2012.
Loss of Subsidised Loan Eligibility for Graduate and Professional Students
Due to changes in the Direct Loan Program from the 1st July 2012, graduate and professional students will no longer be eligible to receive Subsidised loans. The maximum loan limits for graduate and professional students remains unchanged at $20,500 per annum, but this amount will be limited to unsubsidised loans.
Termination of Direct Loan Borrower Repayment Incentives
The Budget Control Act terminates the authority of the Department of Education to offer any repayment incentives to Direct Loan borrowers to encourage on-time repayment of loans, including any reduction in the interest rate or origination fee, effective for loans first disbursed on or after July 1, 2012. As a result of this change, the up-front interest rebate that has been provided to Direct Loan borrowers at the time of their loan disbursement will no longer be offered on any Direct Loan Program loan with a first disbursement date that is on or after July 1, 2012 (this includes the Direct PLUS / Grad PLUS Program).
