US federal loans

Exchange rate

We will use a theoretical exchange rate of 1.35 to calculate 2023-24 Cost of Attendance amounts.

The exchange rate used for the CoA is our best guess [at the time when the Cost of Attendance was calculated for the next cohort of applicants] of roughly how many dollars would be required to ensure they will buy the amount of pounds needed and then inflated a bit more to allow for a worst case scenario. Worst case is where a very high number of dollars is needed to buy one pound.

 At each disbursement of loans, when exchanging funds from dollars to sterling, we will use the rate applicable on the day we receive the funds from the US Dept. of Education.

 

US Department of Education Title IV regulations

For full information on your rights and responsibilities in respect of Title IV lending, please refer to www.studentaid.gov.

Loan eligibility

To be eligible for Federal Direct Loans, you must:

  • be a US citizen or eligible non-citizen with a valid Social Security number
  • be a student enrolled or accepted for enrollment in an eligible programme at an eligible institution and have a high school diploma
  • be enrolled at least half-time for the period for which the loan is originated
  • complete the Free Application for Federal Student Aid (FAFSA) annually
  • not be in default on an educational loan and must not owe a repayment on an adjusted federal grant*
  • comply with the University's satisfactory academic progress policy

 *Please note that you will be ineligible for loans if you have defaulted on previous years' federal loan repayments.  Defaults are reported on the FAFSA application and no new loans can be certified until an arrangement to pay arrears has been made with the Loan Servicer.  The University of Glasgow will require documentary evidence that the Loan Servicer now considers your loans are now in good standing.

Ineligible programmes - (this is not an exhaustive list of ineligible programmes. If you have any concerns regarding the eligibility of your intended programme please contact Pamela McNair)

  • BA Community Development (Hons)*
  • All Distance Learning programmes*
  • Diploma and Certificate Programmes *
  • Undergraduate MBchB *
  • Bachelor of Nursing *
  • Bachelor of Dental Surgery*
  • International Masters Erasmus Mundus programmes*
  • MSC in Conservation Management of African Ecosystems*
  • MSc in Marine and Freshwater Biology*
  • BSc Honours in Statistics*
  • Language programmes with a language year abroad*
  • Master of Global Business (MSB)*
  • Any programme that is taught or part taught with another institution*
  • Students attending the Glasgow International College (GIC)
  • Students studying at the Edinburgh Theological College Edinburgh
  • Incoming Study abroad/exchange students (apply for loans through your home school)

 * You can apply for a private education loan.

POINTS TO NOTE

Postgraduate students - If you wish to return to the US before the end of the academic year and complete your dissertation at home this makes you INELIGIBLE for federal loans.  Dependent on the date that you leave the UK,  funds from your previous disbursement may have to be returned to the US Dept. of Education and any subsequent disbursements will not be released to you.

PHD Students - If a PhD student carries out periods of research in the USA this may make them ineligible for federal lending.  Please contact Pamela McNair to discuss further.

Study Abroad - if you intend to complete a Study Abroad period while at Glasgow this may affect your eligibility for federal loans.  You must check this with Pamela McNair prior to accepting a Study Abroad place.

 

How to apply

Loans can be arranged throughout the academic year. However if you wish to have your loans in place by September, please submit all required documentation by the second week in August please.  Normally, FAFSAs are submitted by June/July time for our office to calculate and certify your loans.  Your will receive your Financial Aid Eligibility Letter enclosing your package in July.

Students who apply for their loans later in the year must do so by contacting Pamela McNair to advise that their FAFSA has been completed.  Pamela will then discuss your loan options with you by Financial Award Letter.

The deadlines for late Loan applications are 30th April 2024 for Undergraduate and veterinary students.  30th June 2024 for postgraduate students. 

 

1. Submit a FAFSA.

The US Dept. of Education opens FAFSA applications from October the previous year for the next academic year and students can complete or renew their FAFSA from then. However the financial aid process of certifying and confirming loans starts in June/July for new students when USDE Loans systems are updated.

New Students

You will need to complete the Free Application for Federal Student Aid.

You will receive a Student Aid Report (SAR). Please review this to confirm that your SAR is complete.

 

Continuing students

You need to complete a renewal FAFSA every year, using the same FSA ID from previous years. Forgotten your FSA ID? https://studentaid.gov/help/forgot-fsa-id - we will download your FAFSA from July onwards.

 

We download your Student Aid Report and e-mail you a letter confirming the loan amounts and types available to you. This will include guidelines on what to do next (see 2 below)

 

2. Completing documentation

New Students

Visit www.studentaid.gov and complete the following documentation:-

  • Entrance Counselling
  • For Direct Subsidised and/or Unsubsidised Loans - a Master Promissory Note
  • For Graduate/Parent Plus Loans - a Master Promissory Note AND a Plus Loan Request application

(N.B. For Parent Plus Loans the parent completes the Master Promissory Note and application under their own FSA ID.)

Return the completed Loan Information Form (attached to the first letter we send you) to us.

 

Continuing Students

Follow the same process as above without the Entrance Counselling

 

What next?

Once you have completed all the relevant documents, we will be able to certify your loans. We will send you a letter confirming the amounts and approximate disbursement dates.  This letter has been approved by the UK Border Authorities.

We deduct tuition fees only from your disbursements and remainder of your loan for cost of living is deposited into your bank account.  Convera (formerly Western Union) will contact your at the start of term to obtain your bank details.   

 

Attendance cost

You may borrow UP TO an amount equal to their Cost of Attendance (COA) less any scholarships that you have been awarded (from any source).  Please advise Pamela McNair of any internal or external scholarships please.

The Cost of Attendance consists of two elements:

  • Tuition costs
  • Living costs

The Cost of Attendance (COA) will be provided to you on your Financial Aid Letter. This will be sent once you have completed your FAFSA and advised us by email.  

For the academic year 2023-24 the cost of attendance exchange rate will be set at 1.35.  However, this is an estimated rate only and we will work on the actual date on the day of your disbursement.  Your Tuition payment will be deducted from your loans in two installments, but accomodation and cost of living is the student's responsibility, we do not deduct any funds for accomodation.  Once we deduct tuition fees, the remainder will be paid into the student's bank account, preferably a UK Bank Account which should be opened prior to term.

 

 

Cost of Living for UNDERGRADUATE STUDENTS - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

36*

6480

Utilities

55

36

1980

Food

65

36

2340

Travel Expenses

30

36

1080

Books/Computer Equip

25

36

900

Personal Expenses

70

36

2520

2 flights home per year

 

 

2200

SUB TOTAL

 

 

17,500

Origination Fees

(non-applicable for private loans only students)

 

 

1800 1ST Yr

1400 Other Yrs

Visa Costs (Year 1 only)

 

 

490

Healthcare Costs (IHS) (Year 1 only)

 

 

2115 (4 yr course)

TOTAL: 1ST YEAR UNDERGRADUATE STUDENTS

 

 

21905

TOTAL: 1ST YEAR UG WITH PRIVATE LOANS ONLY

 

 

20105

 

TOTAL: 2ND, 3RD, 4TH YEAR UNDERGRADUATE STUDENTS

 

 

18900

TOTAL: 2ND, 3RD, 4TH YEAR UG WITH PRIVATE LOANS ONLY

 

 

17500

 *Undergraduate academic year is 36 weeks standard.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

 

Cost of Living for LLB ACCELERATED PROFESSIONAL GRADUATE Students - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

36*

6480

Utilities

55

36

1980

Food

65

36

2340

Travel Expenses

30

36

1080

Books/Computer Equip

25

36

900

Personal Expenses

70

36

2520

2 flights home per year

 

 

2200

SUB TOTAL

 

 

17,500

Origination Fees

(non-applicable for private loans only students)

 

 

1300

Visa Costs (Year 1 only)

 

 

490

PROFESSIONAL UNDERGRAD LLB ACCELERATED 1ST YEAR

 

 

1175 (2 yrs)

TOTAL: 1ST YEAR GRAD PROF/LLB STUDENT

 

 

20465

TOTAL: 1ST YR PROF – PRIVATE LOANS ONLY

 

 

19165

 

TOTAL: 2ND YEAR YEAR GRAD PROF/LLB STUDENT

 

 

18800

TOTAL: 2nd YR PROF – PRIVATE LOANS ONLY

 

 

17500

 * Professional Graduate/LLB academic year is 36 weeks standard.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

 

Cost of Living for POSTGRADUATE STUDENTS - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

52*

9360

Utilities

55

52

2860

Food

65

52

3380

Travel Expenses

30

52

1560

Books/Computer Equip

25

52

1300

Personal Expenses

70

52

3640

2 flights home per year

 

 

2200

SUB TOTAL

 

 

24300

Origination Fees

(non-applicable for private loans only students)

 

 

1700 yr 1

1500 other yrs

Visa Costs: PGR / PGT / Int. Masters  (Year 1 only)

 

 

490

Healthcare Costs: PGT (Year 1 only)

 

 

705

Healthcare Costs: PHD (Year 1 only)

 

 

2115 (up to 4 yrs)

Healthcare Costs (Year 1 only): on 2 Years Int. Masters Programme OR Prof Grad LLB Accelerated 1st Year

 

 

1175

 

TOTAL: 1ST YEAR POSTGRADUATE PGT STUDENTS

 

 

27195

TOTAL: 1st Yr PG PGT PRIVATE LOANS ONLY

 

 

25495

 

TOTAL: 1ST YEAR PHD STUDENTS ONLY

 

 

28605

TOTAL: 1ST YEAR PHD STUDENTS PRIVATE LOANS ONLY

 

 

26905

 

TOTAL: 1ST YEAR Int. Masters Programme

 

 

27665

TOTAL: 1ST YEAR Int. Masters Programme - 1st Year  PRIVATE LOANS ONLY

 

 

25965

 

POSTGRADUATE – all other years (non first year)

 

 

25800

POSTGRADUATE – all other years PRIVATE LOANS ONLY

 

 

24300

 *Postgraduate Study is over 52 weeks.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

 

Cost of Living for VETERINARY - Year 1, Year 2, Year 3 of course - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

44*

7920

Utilities

55

44

2420

Food

65

44

2860

Travel Expenses

30

44

1320

Books/Computer Equip

25

44

1100

Personal Expenses

70

44

3080

2 flights home per year

 

 

2200

SUB TOTAL

 

 

20900

Origination Fees

(non applicable for private loans only)

 

 

1900

Visa Costs (Year 1 only)

 

 

490

Healthcare Costs (Year 1 only) 5 YR COURSE

 

 

2585

Additional: **costs associated with course (all yrs)

 

 

2200

TOTAL: 1ST YEAR VETERINARY STUDENTS

 

 

28075

TOTAL: 1ST YEAR VETERINARY PRIVATE LOANS ONLY

 

 

26175

 

TOTAL: 2ND & 3RD YEAR VETERINARY STUDENTS

 

 

25000

TOTAL: 2ND & 3RD YEAR  VETERINARY PRIVATE LOANS ONLY

 

 

23100

*Undergraduate academic year is 36 weeks.  Cost of Living allowance for Veterinary students include an average of 8 extra weeks in the first 3 years to cover EMS (Extra Mural Studies Placement).

**Additional amount for Veterinary students to cover equipment costs/extra travel costs on placements etc.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

 

Cost of Living for VETERINARY STUDENTS – Year 4 of course ONLY - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

52*

9360

Utilities

55

52

2860

Food

65

52

3380

Travel Expenses

30

52

1560

Books/Computer Equip

25

52

1300

Personal Expenses

70

52

3640

2 flights home per year

 

 

2200

SUB TOTAL

 

 

24300

Origination Fees

(non applicable for private loans only)

 

 

1900

Visa Costs

 

 

N/A

Healthcare Costs

 

 

N/A

Additional: **costs associated with course

 

 

2200

TOTAL: 4TH YEAR VETERINARY STUDENTS

 

 

28400

TOTAL: 4TH YEAR VETERINARY PRIVATE LOANS ONLY

 

 

26500

*4th Year Veterinary students course completes end of Apr, however, students immediately commence 5th year at this time.  Therefore, Cost of Living Allowance for 4th Year is based on 52 weeks to provide through to the new academic loan year (September).

**Additional amount for Veterinary students to cover equipment costs/extra travel costs on placements etc.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

 

Cost of Living for VETERINARY STUDENTS – Year 5 of course ONLY - 2023-24

 

Category

Weekly

  • of Weeks Average

Total Academic Year (£ GBP)

Rent

180

36*

6480

Utilities

55

36

1980

Food

65

36

2340

Travel Expenses

30

36

1080

Books/Computer Equip

25

36

900

Personal Expenses

70

36

2520

2 flights home per year

 

 

2200

SUB TOTAL

 

 

17500

Origination Fees

(non applicable for private loans only)

 

 

1600

Visa Costs

 

 

N/A

Healthcare Costs

 

 

N/A

Additional: **costs associated with course

 

 

2200

TOTAL: 5TH YEAR VETERINARY STUDENTS

 

 

21300

TOTAL: 5TH YEAR VETERINARY PRIVATE LOAN ONLY

 

 

19700

*September to end of May.  Note: Cost of Living in 4th Year covered weeks until middle of September.

**Additional amount for Veterinary students to cover equipment costs/extra travel costs on placements etc.

Please Note: Origination fees are based on full COST OF ATTENDANCE ABOVE borrowing Sub, Unsub, Plus Loans.  If a percentage of private loans are taken instead of federal loans then this figure will be reduced accordingly.

 

Note to all students:  We expect the students' living costs to be roughly in line with the figures we have supplied above.

Requests for additional funds will be considered only on an exceptional and case by case basis by the US Student Support Team.

Requests for Lending over the Published Maximum Policy

Loan types

You can review full information on federal loans/interest charges , fees and repayment rules on the US government website:-
https://studentaid.gov/understand-aid/types/loans

Please note that foreign schools are not eligible to certify Pell Loans or Grants.

The US Dept. of Education charge an Origination Fee on all loans.  Direct Subsidised and Unsubsidised Loans are subject to a 1.057% and Plus Loans 4.228%.  The fee is deducted at source before we receive your disbursement funds.  If this fee increases we will advise.

 

Direct Subsidised Loans

This is awarded to students based on financial need. The information you supply on your FAFSA is used to calculate your EFC (Expected Family Contribution). Your EFC and the amount of your EFA, (Estimated Financial Assistance i.e.any scholarships, bursaries or awards you will receive) will be deducted from your Cost of Attendance to determine your Financial Need. Please note that Graduate/Professional students are no longer eligible for the Direct Subsidised Loans.

The US government will pay the interest on a subsidised loan while you are enrolled at least half time or during a grace or deferment period.

 

Direct Unsubsidised Loans

This is not based on financial need. Whilst studying at least half time, or during deferment or grace periods you have the option of paying the interest or having it capitalised and added to the total value of the loan therefore increasing the amount you need to repay.

Direct Subsidised/Unsubsidised loan limits

The maximum on this type of loan that you are allowed to borrow annually and also over your academic career are set by the US government. The amount available depends on your degree level and whether or not you have been classed as dependant or independent on your FAFSA.

 

Subs.Unsubs Direct Loan Limits
Year of Study Annual Subsidised Annual Total Combined Loans
(Sub & Unsub)
Aggregate Subsidised Aggregate Combined Loans (Sub & Unsub)
Undergraduate Dependent Students
Year 1 $3500 $5500 $23000 $31000
Year 2 $4500 $6500 $23000 $31000
Year 3+ $5500 $7500 $23000 $31000
Undergraduate Independent Students
Year 1 $3500 $9500 $23000 $57000
Year 2 $4500 $10500 $23000 $57000
Year 3+ $5500 $12500 $23000 $57000
Graduates & Professional Students
All Years $0 $20500 $0 $138500

 

Federal Direct Parent PLUS Loan

Parents of dependent undergraduate students can borrow a federal Direct Parent PLUS Loan and can borrow up to the total Cost of Attendance minus all other sources of financial aid their student receives. The loan is the financial responsibility of the parents and not the student.

A parent PLUS loan borrower must meet the same citizenship and residency requirements as the student. The parent must not owe a refund on a federal student financial aid grant or be in default on a federal student loan. Repayment begins within 60 days after your loan is fully disbursed and lasts ten years.

 

Federal Direct Graduate PLUS Loan

The Federal Direct Graduate PLUS Loan is a federal loan that graduate students with good credit histories may borrow to help pay their educational expenses. A graduate student may borrow up to the total Cost of Attendance less all other financial aid received.

Students must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Direct Loan Program before applying for a Graduate/Professional PLUS loan.

Repayment begins on the date of the last disbursement of the loan and the first payment is due within 60 days after the date the loan is fully disbursed. Graduate PLUS borrowers may receive a deferment while he or she is enrolled on at least a half-time basis at an eligible school.

 

Private Loans

A private loan is a non-federal loan through a private lender and is usually in the student’s name and requires a cosigner.

Undergraduate students who have been classed as Independant on their FAFSA would need to take up this type of loan if they need to borrow more that the Subsidised/ Unsubsidised Direct Loan limits.

There are very few lenders still doing educational loans for students attending schools outside the US.  Below is a list of lenders that the University of Glasgow has liaised with. This is not a comprehensive list of all lenders.  It is not an endorsement or recommendation by the University.

If you find a lender that is not on the list below please check with them that they are willing to work with foreign schools outside the USA before proceeding. Both the student and the lender should then get in touch with us.

Global Education Management Services (Salliemae loans) - www.myglobaled.com

Earnest Loans - https://www.earnest.com/student-loans

And in specific states:

Vermont Student Assistance Corporation (VSAC) - www.vsac.org 

Finance Authority of Maine (FAME) - www.famemaine.com 

Bank of North Dakota - https://bnd.nd.gov/studentloans/ 

 

Disbursement of US Loans

Your Financial Aid Award Letter confirms that your loans have been certified.  However please note that at the start of each academic year we cannot request the first disbursment funds of your loans until you have completed all stages of registration on MyCampus. This includes

  • Academic Registration
  • Financial Registration

Full information can be found here https://www.gla.ac.uk/myglasgow/registry/registration/

 

Please ensure that you have sufficient money of your own to see you through the first 3-4 weeks. This will allow time for you to open a UK bank account, your loan funds to be disbursed and reach your bank account.

 

 Opening a UK Bank Account

We would advise you to open a UK bank account as soon as possible when you arrive here.  The local bank branches tend to be very busy in September so make an apppintment with one of them as early as you can.  The bank will need to see ID and usually a certifying letter confirming your student status here which you can download from My Campus.

 

Loan disbursment for Federal Loans

  • Convera (formerly Western Union) will disburse funds for Federal Loans to students on our behalf.
  • Loans will be disbursed in September and January for Undergraduate & Veterinary Students (1st-3rd and 5th year); in September, January and May for Postgraduate taught students/4th Year Veterinary students; and in October and April for PHD students.
  • A Financial aid award for the amount of your tuition fees will be applied to your student account (or if the loan is insufficient to cover the full fee an estimate of what we will receive will be applied) in anticipation of us receiving all of your loan disbursements. This will allow you to register and therefore enrol in classes.
  • The funds come in dollars direct to the University's account with Convera (formerly Western Union).
  • We will convert the amount received into sterling using the exchange rate applicable on the date the funds were received.
  • We will deduct half (undergraduates/PHDs) or one third (postgraduate taught students/4th year vets)of your tuition fees and pay any remaining funds into your bank account.

*If your loans are insufficient to meet your tuition fees, you will need to arrange to make up the shortfall by paying this immediately or by bank direct debit over 8 instalments. Find out more about making payments.

 

Loan Disbursement for Sallie Mae or Earnest Private Loans

  • Once you are registered, we will request the loan funds from Salliemae.
  • A Financial aid award for the amount of your tuition fees will be applied to your MyCampus student record (or if the loan is insufficient to cover the full fee an estimate of what we will receive will be applied) This will allow you to register and therefore enrol in classes.
  • The funds come in dollars direct to the University's account with Convera (formerly Western Union).
  • We will convert the amount received into sterling using the exchange rate applicable on the date the funds were received.
  • The full tuition fee (or amount estimated per 2nd point above) will be deducted from your disbursement if there are sufficient funds. 
  • Any excess funds will be refunded into your bank account.

 

 Disbursement dates

The disbursement dates provided are estimated. Please do not depend on funds being credited to your account on that date. You may need to allow 5-6 working days for the whole release of funds process to complete.

For 2nd/3rd disbursements, we require confirmation of your Satisfactory Academic Progress (SAP Form) before we will request your funds.  This will be emailed to you four weeks before your disbursement date.

 

 

 

 

Exit counselling

When your enrolment at the University of Glasgow ceases you are obliged to complete exit counselling. This includes graduation, withdrawal from University, transfer to another school or drop to a less than half time study basis.  PLEASE CARRY THIS OUT as this is a requirement.

You will be asked to complete your counselling session on the National Loan Data System (NSLDS) site. This session takes approximately 30 minutes and provides you with information on your rights and the repayment of your loans. https://studentaid.gov/exit-counseling/

You will need your FSA ID used for your FAFSA application.

 

Please e-mail us when you have done this and we will update your loan records.

If you withdraw from studies

Download: ‌ (pdf)

Veteran Affairs - Benefits

The University of Glasgow participates in the Veterans Affairs Benefits programme.

How to Apply

If you think you may be eligible for these benefits you should first of all contact the Department for Veterans Affairs:

(The University does not have access to an individual's eligibility, remaining benefits or how much the VA will pay you.)

Once it has been confirmed that you are eligible for Benefits please e-mail Pamela McNair with your Certificate of Eligibility from the VA and also your SSN. We will check to find out if your chosen programme of study has been previously approved for the University of Glasgow by the Veteran Affairs.

If it has already been previously approved for another student then that approval applies to all subsequent students enrolling on that particular programme.

If the programme has never been approved, we will apply to the VA for approval.  At the moment the Dept. of Veteran Affairs has a backlog of approving requests and they are taking up 318 days to approve or decline.

 

***PLEASE NOTE:- Online Distance Learning programmes at foreign schools are not eligible for VA Benefits.***

***IMPORTANT ACTION REQUIRED*** When applying for admission to the University of Glasgow, please clearly state on your application that you will be applying for Veterans Affairs Benefits as an American student.

 

Enrolment Verification

The Veteran Affairs requires certification of enrolment before they will pay benefits to students. The University will confirm your enrolment to the VA in late August.

 

Payment of Benefits

Where applicable, Housing Benefits and Book stipends are paid directly to the student.

Payments for Tuition Fees will be sent direct to the University. The maximum that the VA will pay out in tuition fees for attending a foreign school in 2023-24 is to be confirmed.

Please note that the Dept. of Veteran Affairs chooses an exchange rate on 1st July each year and that is applied to the GBP tuition fee that we confirm.  The VA do not change this rate throughout the year.

They send the funds in USD and we then need to convert that back to GBP to apply to your tuition fee. We use the conversion rate applicable on the date we receive the funds.  Due to variances in exchange rates this can result in us receiving less than or more than estimated at the start of the academic year. If we receive more the excess is refunded to you when the final VA instalment has been released to us.  If we receive less you will be asked to make up that shortfall.

If your Certificate of Eligibility confirms that you are entitled to benefits we can process a financial aid award, before the academic year begins, onto your MyGlasgow student record in anticipation of receiving these funds throughout the year from the VA.  We have to estimate the amount that we will receive. If this estimate does not cover all of your fee you will need to arrange to pay the difference.  This will allow you to complete financial registration.

The funds are received in 2 instalments for undergraduates/PHD students and 3 for postgraduate taught students.  When the funds are received we will exchange them into pounds sterling. Carol Barnett will advise you by e-mail of what has been received at each benefits disbursement.

On receipt of the last payment due from the VA we will calculate the amount received in total.  If there is a surplus amount over the figure we estimated at the start of the year we will arrange to have this credited to your bank account. If we receive less than we had estimated then we will ask you to make up the difference.

Please note: the University has no control over the timescales for payment of your benefits from the Veterans Affairs.

 

Veterans Affairs Benefits - Accreditation of Prior Learning Policy

The University of Glasgow has a separate Accreditation of Prior Learning Policy, specifically for VA students.

 

Other Financial Matters

Scholarship awards

The Direct Loan Regulations stipulate that awards should be deducted from a student's Cost of Attendance this reducing the loans available.

Contact USLoans@glasgow.ac.uk to provide details of the scholarship awarded.

 

Deferring loan repayments

In early October US students' registration at Glasgow will be entered onto the National Student Loan Data System (NSLDS). Lenders and Loan Services will use NSLDS to defer loan repayments for the period you are attending the University of Glasgow.  The Loan Servicers should not require paper based In School Deferment Forms.

If you are not taking out a loan in 2023-24 but need previous loans deferred please advise Pamela McNair of your SSN and we will add your enrolment details onto the NSLDS system.

 

Please note that the end date recorded on NSLDS is the end date of your studies and this is not the same date as your graduation ceremony.

 

Tax form 1098T

As a foreign institution, The University of Glasgow does not issue the 1098-T form for students. If you need a formal document to confirm the tuition fees paid please e-mail Pamela McNair to request a Certificate of Fees Paid.  During busy periods, please allow up to two weeks for this document.

Our Tax EIN number is 98-0388786

 

Title IV Consumer Disclosure Information

The University is listed in the Education (Recognised Bodies) (Scotland) Order as a recognised degree-awarding body.

 

Academic programmes

 

School costs

Book/supplies costs – for specific requirements of your programme, we advise you to contact your department.

You may also wish to contact the Library to borrow books/specific titles.

 

Withdrawal procedures

 

Satisfactory academic progress

 

Disability services

 

Default Management Plan

 

Equality and Diversity

Admissions policy

 

Study Abroad/Exchange Student Information

 

Health & safety regulations, welfare & wellbeing

 

Consumer Disclosure

 

Financial assistance available

 

 

Completion/Graduation/Transfer rates (US Student Right to Know Act)

Information on the University’s completion and transfer out rates are available from HESA (The Higher Education Statistics Agency).

For these rates please see the links below:


 

Freedom of Information Act (US FERPA and Safeguarding Customer Information)

 

Misrepresentation

The University is approved by the Quality Assurance Agency (QAA) and The Scottish Further & Higher Education Funding Council (SFC) to deliver education to the required standards.

View the University of Glasgow Academic Quality Framework

 View the latest QAA report on the University of Glasgow -

https://www.qaa.ac.uk/reviewing-higher-education/quality-assurance-reports/University-of-Glasgow

 

Loan Disclosures

1. For information about US loans, please visit our dedicated US Loans page

2. Code of Conduct for Educational Loans

In order to prohibit a conflict of interest with the responsibilities of an agent with respect to private education loans, staff at the University with responsibility for Federal and Private Education Loans from the United States are prohibited from the following:

  • Revenue sharing arrangements with lenders
  • Receiving gifts from a lender or loan servicer
  • Obtaining financial benefits from lenders or loan servicers
  • Providing a preferred list of lenders.
  • Offers of funds for private loans

3. Preferred Lenders List

The University does not have a preferred Lenders List but will, where possible, work with whichever private lender a prospective borrower decides to use. Students should be aware that the majority of private lenders choose not to offer loans when borowers are studying outside the USA. This is why, on our US Loans information the only loans we list as being accessible are the US Federal Direct Stafford and PLUS loans or the private Sallie Mae loans. 

 

 

Gainful employment disclosures

The University of Glasgow is approved only to provide federal lending for students on a degree programme. Therefore there are no Gainful Employment Disclosures to report.

Paper copies of the Consumer disclosures mentioned above are availble on request.