US Federal Loans

Direct Stafford Loans, from the William D Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education.

NTU is registered as a foreign school with the US Department of Education. This means that we can certify eligibility for Direct Loans and Direct PLUS Loans (graduate / professional students only) for students who are studying here at least half-time. We are unable to certify loans if any element of your course is distance learning. In addition, you must be attending a course that leads to one of the qualifications below:

  • bachelor degrees
  • masters or doctorate degrees
  • first professional degrees.

Our school code is G30925.

Visit the US Department of Education website to:

  • see if you are eligible
  • find out the details of annual and aggregate loan limits.

Please note, we are unable to certify loans for professional courses that do not lead to the above qualifications.  This includes the Graduate Diploma in Law (GDL) and the traditional Bar Professional Training Course (BPTC) without the full Masters award.  

How to apply for 2017/18 academic year

Please note: The University requires you to complete ALL the following steps for EVERY academic year in respect of which you are requesting a loan from the US Department of Education.

Step One: Free Application for Federal Student Aid (FAFSA)

Complete your FAFSA application ensuring you list Nottingham Trent University (school code G30925) as your chosen School.

Step Two: Master Promissory Note

Complete and eSign Master Promissory Note (MPN).

Step Three: Entrance Counselling

Complete your entrance counselling.

For one year / final year student please also complete exit counselling.

Step Four: Register your details with the University

Complete our online registration form which will collect details about you, the course on which you are studying and the loan (or loans) you are applying for. Once we have this information, we will be able to start assessing your eligibility for the loan.

If, after submitting the form, anything changes, please ensure you keep us up to date by email.

Please note that the NTU registration form is currently for the 2017/18 academic year. For students joining in 2018/19 the form will be available for you to complete in April 2018.

What Happens Next?

1. Calculation of your Loan Award

The actual loan originated will be subject to all of the following:

  • the annual and aggregate loan limits set by the government
  • your cost of attendance, including your tuition fees and the living costs allowances calculated by the University PDF icon
  • your Estimated Family Contribution (EFC) as shown on your Student Aid Report (SAR)
  • any other Estimated Financial Assistance (EFA) you may be receiving (for example, scholarships or bursaries).

2. Notification of your Loan Award 

We normally start assessing eligibility for direct loans during June. Once we have all the necessary information, it can take the University two weeks to process the loan and generate your loan notification letter.

We will calculate your loan entitlement and email you with confirmation of the loan amount and the dates the loan will be disbursed to the University. We will also provide you with a letter confirming the loan details for you to pass on to the UKVI in support of your visa application.

Please note the first payment of the direct loan is normally available once your course starts, therefore loan funds are not available to pay any advanced payment you may be required to make to the University. However, in cases where a student does not have funds to pay the advance payment, and your total loan is sufficient to cover the advanced payment and balance of any tuition fees due for the 2017/18 academic year, the University may consider deferring any advanced payment until the loan is paid. Please contact to discuss this further. 

Please be aware that we cannot process your loan until you have completed all the necessary steps and we have been able to verify all the information necessary to determine your eligibility for the loan.  

3. Disbursement of your Loan Award

Loan disbursements will be received directly into the University's bank account each term and then credited against any tuition fees you have due and accommodation costs, if applicable.

You may need to allow up to 14 working days for the release of the funds to be completed. While there may be surplus funds available after the university fees are deducted, please do not depend on these funds being credited to your account on the actual disbursement date shown in your notification letter. As the first disbursement is available after your course starts we would advise you to have sufficient funds to see you through until then. This will allow time for you to open a UK bank account where any surplus loan funds that may be due to you can be credited.

Each term the process will be as follows:

  • If the loan instalment is in excess of the amount required to cover tuition fees, the balance will be credited to any university accommodation costs (where applicable). Should there still be excess funds then the balance will be credited to your bank account. We will contact you in due course if we require your bank details.
  • If the loan is not sufficient to cover tuition fees and any university accommodation costs due, we will require you to provide credit or debit card details to cover the balance due. The University will contact in due course if we require your card details.
  • Each term the University will email you to confirm the loan received and how it has been processed

N.B. Loan Fee: For each disbursement, there is a charge made which is subtracted from the gross amount. See page six, point eleven of your master promissory note.

Satisfactory Academic Progress

Prior to the payment of subsequent instalments of your direct loan, the University is required by the US Department of Education to check that you are progressing satisfactorily in your studies. The Student Financial Support Service will liaise directly with your academic school to obtain this information and if there is a problem that might affect your ability to receive the loan funding, we will contact you.

Download a copy of NTU's Satisfactory Academic Progress Process PDF icon .

Return of Title IV Funds

When a student withdraws from their course at the University prior to the end of their loan period, the University is required to make a calculation to determine the amount of loan that has been 'earned' and the amount of loan that has been 'unearned'. All unearned income attributed to institutional charges must be returned to the US Department of Education by the University.

Download the University's Return of Title IV refunds policy PDF icon

Before withdrawing from your course, or suspending your studies, it is essential that you seek advice from the University's US Loans Administrator within the Student Financial Support Service (contact details below), so we can assess the impact on your federal direct loan funding. 

Further information

You can contact the Student Financial Support Service on +44 (0)115 848 2494 or by email to find out more about loans for US students.

In addition, our international student webpages contain lots of useful information about living in the UK, including details of living costs.