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How to apply and how much you can borrow

‌‌How to apply

1. You will need to complete your Free Application for Federal Student Aid (FAFSA). This can be submitted and completed at and is available from 1st October for the following academic year. We encourage you to obtain your FSA ID as soon as possible so that you are ready to complete your FAFSA from October onwards, please see for details. When you have completed your FAFSA you will receive your Student Aid Report (SAR), please carefully review this, as it will provide you with important financial information.

2. You will also need to visit to complete your Master Promissory Note (MPN) for a Susidised/Unsubsidised loan. If you are also taking a Direct Plus loan, you will need to complete a Plus Master Promissory Note (MPN) and complete a credit check.

3. All students who have not previously taken a Direct Loan originated by the University of Exeter will be required to complete entrance counselling at

4. Please complete and return the Student Information form 2020/21 and return it to the Student Funding Team by emailing

Exeter is eligible to receive Federal aid loans. Our FAFSA code is G09442

We will not be aware that you have applied for a loan until the Direct Loan Student Information form is received. As a foreign school we are not advised that you have completed your FAFSA or MPN.

How much you can borrow

Applicants may borrow up to the Cost of Attendance which is set by the University of Exeter; the maximum loans you can receive cannot exceed the yearly cost of attendance, less any financial aid you may be receiving. This Financial aid includes

  • Sponsorship
  • Financial Aid from The University of Exeter such as scholarship or bursary.
  • Other financial aid from either the UK or USA.

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

Cost - TypesCost
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 interview
£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.

If you believe your actual costs are higher than those stated above, 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.

Once we have received all your documents and calculated your cost of attendance we will then be able to submit your loan to the US loan approval system. We will then be able to post a loan award letter to your address on your SAR.