US Federal Loan
US citizens or eligible non-citizens enrolled on a course that is at least 50% full-time may be eligible for student aid loans from the US government for their studies. The University of Derby is authorised as a foreign school to provide loans under the William D. Ford Federal Direct Loan (Direct Loan) Program. Please check Applying for Student Aid for information on the necessary steps to receiving Federal loans.
Which courses can I receive aid for?
All degree programmes delivered in the UK at a Derby campus (Kedleston Road, Buxton) are eligible for aid. These include Foundation, Bachelors and Masters degrees. Federal loans cannot be issued for:
- Certificate programmes
- Diploma programmes
- Distance learning programmes (in whole or in part)
- Telecommunications or correspondence courses (in whole or in part)
- Direct assessment programmes
- Study abroad or student exchange agreements
- Nursing programmes
You will be notified if your course is eligible or not.
What are the types of loans I can receive?
Information on different loan types can be found here. There are primarily three loan types that you can borrow to study at Derby:
Subsidised loans – these are loans made to undergraduate students who demonstrate financial need and the interest is paid for by the US Department of Education whilst you are studying and for up to six months after you leave your course. The amount you borrow cannot exceed your financial need.
Unsubsidised loans – these are made to undergraduate and postgraduate students who do not need to demonstrate financial need.
You will frequently see these two loans listed together.
Direct PLUS loans – these are made to postgraduate students up to the Cost of Attendance (CoA). They have a higher interest rate to pay but are necessary for some students who need to cover both their course fees and living costs (the Cost of Attendance).
Please see How much you can borrow for information on the amounts you may be eligible for using these loans.