United States Loans
City, University of London participates in the William D. Ford Federal Direct Loan Program (Direct Loans) which can provide funding to cover your tuition fees and living expenses, subject to approval by City. Funds are available through Direct subsidized (undergraduates only), unsubsidized and plus loans. Please note that graduate students are not entitled to subsidized loans. For further general information including interest rates and terms please see https://studentaid.ed.gov/sa/.
To apply for a US student loan at City please follow the instructions within the How to Apply section below.
Please see here for the US Direct Loan T&Cs.
See other Frequently Asked Questions.
Cost of Attendance (CoA) for 2019/20
The Cost of Attendance (CoA) is the amount of money per academic year that a student can apply for to pay their tuition fees, living costs and course materials.
The maximum full-time postgraduate living costs and course materials are GBP 26,360 for 52 weeks. The maximum full-time undergraduate living costs and course materials are GBP 20,432 for 39 weeks. Please see the City Cost of Attendance calculator for the breakdown of the weekly living and course material costs. Part-time students can apply for 50% of these weekly living and course material costs.
Your US Loan will be disbursed in 3 equal disbursements - September, January and April. You are permitted to pay your tuition fees in three instalments at each disbursement of your student loan. Each terms’ tuition fees will be deducted from each of your student loan disbursement, the balance will be paid to you.
Follow steps 1 to 4 below:
2. Complete the Entrance Counselling session, Master Promissory Notes for the subsidized/unsubsidized and Graduate/Parent Plus Loan, Credit Check at
3. Download and complete the City Cost of Attendance calculator (excel spreadheet), you will need:
- Your City student application number
- Your course tuition fee rate.
4. Complete the City US Student Loan Application form online You will need:
- Your City student application number;
- A copy of your Master Promissory Note for each loan you wish to request;
- A screenshot of your Entrance Counselling session for each loan you wish to request,
- Documentation of the result of your Credit Check for the Grad Plus Loan;
- A copy of your Cost of Attendance Calculator;
- The value of the loans you wish to take out (this cannot exceed the Cost of Attendance);
- Your course tuition fee rate.
Please note the following:
We aim to begin processing US Student Loans for 2019/20 entry from 6th May 2019.
Eligible students will be issued with a Proof of Direct Loans Letter which can be used as evidence of student loans when applying for a UK student visa.
Students cannot apply for a UK student visa no more than three months before the start of their course. For information about applying for a student visa please contact the International Student Advice team https://www.city.ac.uk/international/visa-immigration-advice.
Not all City courses are eligible for Direct Loans; these include, but is not limited to, non-degree programmes, programmes offered at non-City sites and courses based in the City Division of Nursing. Students on any programme based in the U.S, any unit of a programme based in the U.S, on study leave based in the U.S, are not eligible for Direct Loans - this is non-negotiable and is a regulation set by the U.S Department of Education. Only the following non-degree courses are eligible for Direct Loans: Bar Professional Training Course, Legal Practice Course, Graduate Diploma in Law and Speech and Language Therapy Postgraduate Diploma. For information about the Gainful Employment statistics of these courses please visit the course pages.
Direct Loans cannot be used to pay your course deposit. Direct Loans will not be requested from the US Department of Education until you complete in person registration at City.
Your US Loan will be disbursed in 3 equal disbursements - September, January and April. You are permitted to pay your tuition fees in three instalments at each disbursement of your student loan. Each terms’ tuition fees will be deducted from each of your student loan disbursements, the balance will be paid to you directly by bank transfer.
Direct Loan Fees
The U.S. Department of Education applies fees and interest to US Direct Student Loans the rates are available here: https://studentaid.ed.gov/sa/types/loans/interest-rates#fees and https://studentaid.ed.gov/sa/types/loans/interest-rates#rates. City does not charge any loan fees, City's third party agent Western Union Business Solutions, acts on our behalf receiving the Direct Loan funds in USD and converts funds into the equivalent GBP according to their daily exchange rate. The Cost of Attendance cannot be changed due to fluctuations in the exchange rate. Students are asked to prepare adequately for the full study period in a foreign country where conversion of student loans from USD to GBP fluctuates across the academic year.
Mandatory Entrance and Exit counselling sessions provide detailed information about the interest rates and repayment terms, further details are available on the studentaid.ed.gov website (https://studentaid.ed.gov/sa/types/loans/interest-rates).
When students apply for Direct Loans, student enrolment, course start and end dates are reported to National Student Loans Data System (NSLDS) shortly after in person registration at City. NSLDS transfers this data to your lenders/loan servicer. Students who are not taking Direct Loans at City but wish to defer payment on their current US students loans please email email@example.com.
Private student loans
There are many US private student loan lenders but very few will lend to students studying outside the US. You can check if your state has a non-federal student loans agency which can lend to students abroad.
To apply for a private student loan through Sallie Mae please calculate your Cost of Attendance using the Cost of Attendance Calculator, and then complete the City US Student Loan application form online.
City has no affiliation with and receives no financial incentives from Sallie Mae or any other private lender. City does not endorse any Private Education Loan provider located in the United States who offer loans for study at Foreign Schools. City does not have any revenue-sharing arrangements with any lender, accept gifts from a lender, guarantor or loan service, have any contracting arrangement providing financial benefit from any lender or affiliate of a lender, direct borrowers to particular lenders, or refuse or delay loan certifications, offer funds for private loans, offer any staffing assistance to lenders or loan servicers, offer any advisory board compensation, have any preferred lender.
Veteran Affairs Funding
Eligible US veterans/or their dependants can use Veteran Affairs funding to contribute towards the cost of tuition fees and living cost. For full information about the Post-9/11 GI Bill please visit www.benefits.va.gov/gibill/.
To apply for funding please email firstname.lastname@example.org including your full name, date of birth social security number, permanent address and City course title.
Payment from the VA for tuition fees is issued by USD cheques in three instalments after the start of each term. Please forward a copy of your entitlement for funding to the Student Funding Team at email@example.com and the Income Team at firstname.lastname@example.org.