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Eligibility

Cost of Attendance

Your cost of attendance is calculated by the University having standard maximum costs and using attendance of 52 weeks for postgraduate research courses, 43 weeks for postgraduate taught course, and 31 weeks for undergraduate courses.

Cost TypeCost (£)
Room rent £150 per week
Board, food and power £82 per week
Books and copying £15 per week
Travel £21 per week
Personal £76 per week
Flights £1000 per annum
Visa application, NHS surcharge
and flights to interviews
£750 per annum for first year only
PC and printer £550 per annum for first year only
Loan fees Full cost depending on loan amount

Tuition fees will also be included in your Cost of Attendance and will be set at the actual amount that you are required to pay.

We would not allow you to borrow over the calculated cost of attendance. However, please contact the Student Funding Team if you believe your actual costs are higher than those stated above as we may be able to make some adjustments to your Cost of Attendance, however please note that you will be required to provide documentary evidence in support of this and may be asked to justify the additional cost.

The University of Exeter’s school code (OPE) is G09442.

Federal Stafford Loan/Direct Lending

There is an entitlement to subsidised (Undergraduates only) and unsubsidised loans which have fixed limits depending on whether the student is dependent, independent or a Postgraduate student.

PLUS Loans may be used to increase the loans to the full cost of attendance, however a PLUS loan is not an entitlement and is subject to a credit check and may be declined by US Department of Education.

Loan Amounts

 Loan Limits

 All Students

 Subsidised Loan

 Dependent Student

 Unsubsidised Loan

 Independent Student

 Unsubsidised Loan

 Undergraduate - year 1  $3500  $2000  $6000
 Undergraduate - year 2  $4500  $2000  $6000
 Undergraduate - year 3  $5500  $2000  $7000
 Postgraduate  N/A  N/A  $20500
 Plus Loan Balance up to cost of attendance

The US Department of Education will charge an origination fee on each loan and this is deducted from each disbursement.

The value of the fees and the disbursement amounts are shown on the disclosure statement, which will be sent to the student with each released disbursement. For more detailed information please see the US Department of Education’s Student Aid (USDE) website.

Satisfactory Academic Progress

Exeter is required by USDE regulations to ensure that all students in receipt of Federal aid are making satisfactory academic progress (SAP). If you fail to meet SAP you will become ineligible for US Direct Loans (subsidised, unsubsidised and Plus).

SAP evaluation will be carried out at the end of each of your loan payment periods. 

SAP for term 1 for new students is determined by being accepted by the University of Exeter, firm confirmation of offer from the applicant and registration in line with the University of Exeter’s terms and conditions. Therefore a completed SAP is not required.

SAP for term 1 returning students is determined by progression to the next year of study and registration in line with the University of Exeter’s terms and conditions. Therefore a completed SAP is not required.

In subsequent terms confirmation of SAP is confirmed by the College in line with the University’s Satisfactory Academic Progress March 2017.

In all cases where we have been advised that a student is not making Satisfactory Academic Progress, you will be placed on funding probation for the period of the next available academic term and will continue to be eligible to receive funding for that payment period. This may include a requirement to fulfil specific terms and conditions outlined to the student. If SAP has not been achieved at the end of the funding probation period, the student aid will be terminated and no further loans will be disbursed.

Student Declaration 

A student declaration form must be filled in by all students after their first disbursement; failure to do this will result in a delay on any future disbursements. 

Enrolment Status

You must be enrolled and continue to be enrolled at least half time at the University of Exeter to remain eligible for US Federal loans.

From 1st November 2010 students are not eligible for Direct Loans for any (non vacation) time spent in the USA. The only exception to this is 12 months research carried out during the dissertation phase of a doctoral program (this means your final year), where the research can only be performed in the U.S. For more information see extract from the Federal Register Vol.75 No 210, page 67172 bottom right hand corner.

Under paragraph (1)(ii)(C), a foreign institution cannot permit students who receive Title IV, HEA program funds to enrol in any course offered by the foreign institution in the United States, including research, work, internship, externship, or special studies with the United States, except that independent research done by an individual student in the United States for not more than one academic year is permitted, if it is conducted during the dissertation phase of a doctoral program under the guidance of faculty, and the research can only be performed in a facility in the United States.

The University of Exeter will confirm your enrolment status through National Student Loan Data System (NSLDS) every 60 days.

Eligibility by Course Type

There are some programmes that are not eligible for Title IV Direct Aid.

  • Junior Year Abroad students your loans are handled through your home college and you will need to apply to your home college.
  • Correspondence and Distance Learning students are not eligible for Direct Loans and may only be eligible for a private loan from Sallie Mae.
  • Joint courses involving partnerships with other schools are not eligible for Direct Loans.
  • University of Exeter Medical School students, and students on courses which include any clinical element, are not eligible for Direct Loans and may only be eligible for a private loan from Sallie Mae.
  • PGCE students are not eligible for Direct Loans and may only be eligible for a private loan from Sallie Mae.