The first step in applying for a loan is to complete a Free Application for Federal Student Aid (FAFSA). FAFSA applications may be made from 1 January each year. Students at foreign schools must complete this process on an annual basis.

How can I complete my FAFSA/SAR?

 

To complete a FAFSA online, please visit the FAFSA website.  For information on how to complete your FAFSA, please view this video.

When completing your FAFSA you will need the University of East Anglia’s Federal Direct Loan School Code, which is G10915. Please note, we can only access your Student Aid Report (SAR) if you have included our School Code as one of your choices.

Once completed, the US Department of Education will process the information and send you a SAR which can be viewed, printed and retained for your records. This document lists the information you and your family have provided and informs you of your Expected Family Contribution (EFC). The EFC is used to determine eligibility for needs based financial aid and relates to the Subsidised portion of the Stafford Loan. Please check all information to make sure that it is accurate. It is also important that you check the comments section on your SAR, as there may be issues that you need to address and any unresolved issues may delay the processing of your loan.

What happens after submitting my FAFSA/SAR?

 

Once UEA has received your completed FAFSA, we will check that you are eligible for a loan.  We normally receive an electronic version of your SAR three days after you’ve submitted your FAFSA, although sometimes delays can occur which are outside our control.

If you are eligible for a loan and have received an offer from the University, we will send you an Offer of Funds letter. Please note that if you are in receipt of any additional funds or scholarships you need to let us know at this stage as additional financial support will need to be deducted from the amount you can borrow.

The Offer of Funds letter states the maximum amount you are able to borrow, broken down over the applicable loans for you, with a disbursement structure detailed.  We require you to read and review the loan amounts outlined on this letter, then either confirm this is the amount you would like to borrow or advise us if you would like to reduce the amount.  Once we have determined the amount you would like to borrow and received a signed Offer of Funds letter back we will check that you have also completed all the necessary tasks.

Loan entrance counselling

 

You must complete loan entrance counselling on the Student Loans website.

This ensures that you are fully aware of the responsibilities and the terms and conditions of your loan. It is important to note that we must have a copy of the counselling confirmation before we can start to process your loan application.

Master promissory note

 

You must also complete the Direct Subsidised/Unsubsidised Loan Master Promissory Note (MPN) on the Student Loans website.

The MPN is a legal document through which you promise to repay your Direct Loan. The MPN details the conditions of your Direct Loan and the terms under which you agree to pay it back. You will need to complete a new MPN each academic year.

Graduate PLUS loan or parent PLUS loan master promissory note (if applicable)

 

If you are applying for a Graduate PLUS Loan or Parent PLUS Loan, you must complete a Direct PLUS Loan Master Promissory Note (MPN) on the StudentLoans.gov website.

This is a legal document through which you promise to repay your Direct Loans and any accrued interest/fees. It also explains the terms and conditions of your loan. You will need to complete a new MPN each academic year.

Credit check for direct PLUS loans

 

Complete a credit check for the Direct PLUS Loans on the StudentLoans.gov website (login required). If you have an adverse credit history, you may still receive a Direct PLUS Loan through one of these two options:

1. Obtaining an endorser who does not have an adverse credit history. An endorser is someone who agrees to repay the Direct PLUS Loan if you do not repay it. If you are a parent borrower, the endorser cannot be the child on whose behalf you are borrowing.

2. Documenting to the satisfaction of the US Department of Education that there are extenuating circumstances relating to your adverse credit history.

If a parent borrower is unable to obtain a PLUS loan due to an adverse credit history, the undergraduate dependent student may be eligible for additional Unsubsidised loans. The student should email the UEA Financial Aid Administrators for more information.

How much can I borrow?

 

The table below is taken from the Federal Student Aid website and shows how much a student can borrow each year in addition to detailing the aggregate limits for the Subsidised and Unsubsidised Stafford Loan.

Within these limits you can borrow up to the Cost of Attendance (COA) set for your level of study and program type.

Year

Dependent Student (except students whose parents are unable to obtain PLUS Loans)

Independent Students (and Dependent undergraduate students whose parents are unable to obtain PLUS Loans)

First-Year Undergraduate Annual Loan Limit


$5,500—No more than $3,500 of this amount may be in Subsidised Loans.


$9,500—No more than $3,500 of this amount may be in Subsidised Loans.


Second-Year Undergraduate Annual Loan Limit


$6,500—No more than $4,500 of this amount may be in Subsidised Loans.


$10,500—No more than $4,500 of this amount may be in Subsidised Loans.

Third-Year and Beyond  Undergraduate Annual Loan Limit


$7,500—No more than $5,500 of this amount may be in Subsidised Loans


$12,500—No more than $5,500 of this amount may be in Subsidised Loans.

Graduate or Professional Students Annual Loan Limit


Not Applicable (all graduate and professional students are considered independent)


$20,500 (Unsubsidised only)


Subsidised and Unsubsidised Aggregate Loan Limit


$31,000—No more than $23,000 of this amount may be in Subsidised Loans.

$57,500 for undergraduates—No more than $23,000 of this amount may be in Subsidised Loans.

$138,500 for graduate or professional students—No more than $65,500 of this amount may be in Subsidised Loans. The graduate aggregate limit includes all federal loans received for undergraduate study. 

 
 

As indicated in the above table, Dependent Undergraduate Students whose parents are unable to obtain the Parent PLUS Loan may be assessed for increased limits of the Unsubsidised Loan.

Independent Undergraduate Students, as determined by the FAFSA, may borrow at increased limits as well.

Graduate PLUS Loan, Parent PLUS Loan or private loans are intended to cover remaining costs above any financial aid awarded (limits shown above) and up to your Cost of Attendance (COA).

 

Loan Fees

Most Federal Student Loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. For example, Stafford loans disbursed on or after 1 October 2020 require a 1.057% origination fee which is paid at the time of disbursement and 98.943% of the gross loan amount will be disbursed to your student account. You are responsible for repaying the entire amount you borrowed and not just the amount you received.

Loan Type First Disbursement Date Loan Fee
Direct Subsidised and Unsubsidised Loans  On or after 1 October 2020 and before 1 October 2021 1.057%
Direct Subsidised and Unsubsidised Loans  On or after 1 October 2019 and before 1 October 2020 1.059%
Direct Plus Loans On or after 1 October 2020 and before 1 October 2021 4.228%
Direct Plus Loans On or after 1 October 2019 and before 1 October 2020 4.236%
 

 

Interest Rates

You can visit Federal Student Aid to find out the interest rates for each loan type. 

You will also be able to find on Federal Student Aid detailed information regarding interest rates, repayment, deferments, forbearance, forgiveness programmes and other questions.

Cost of attendance

 

The term Cost of Attendance (COA) is used to describe the anticipated costs of studying your course at UEA for one Academic Year. US Federal Regulations state the typical costs we are allowed to consider when setting the Cost of Attendance. Amongst these are:

  • Tuition Fee
  • An allowance for room rent (i.e. UEA Campus Accommodation Fees or average rent charged for off-campus accommodation) and board (food, toiletries, laundry etc)
  • An allowance for books, supplies, transportation and miscellaneous personal expenses
  • An allowance for costs associated with dependent care (if applicable)
  • An allowance for expenses related to a disability (if applicable)
  • An allowance for the fees required to receive a Federal Loan - i.e. origination fee
  • Visa application fee and Immigration Health Surcharge (if applicable)

The Cost of Attendance is re-calculated and updated each year in April when a new fiscal year begins in the UK. During the review process in April we look at the average expenses you are likely to incur for the Academic Year rather than individual actual expenses. The tables below set out the main Cost of Attendance for both new and Current (C) students at UEA for the Academic Year 2020/21.

COA Description (New Student)

Mths

Wks

2020/21 COA Total (Reviewed May/June 2020)

 

Exchange rate used       £1 = $1.4

UG Band 1 - On & Off Campus

9

38

$44,800.00

 

UG Band 2 - On & Off Campus

9

38

$50,800.00

 

PGT Band 3 - On & Off Campus

12

50

$50,400.00

 

PGT Band 4 - On & Off Campus

12

50

$53,400.00

 

PGT Band 5 - On & Off Campus

12

50

$55,400.00

 

PGT Band 6 - On & Off Campus     

12

50

$58,700.00

 

PGR Band 7 - On & Off Campus

12

50

$50,700.00

 

PGR Band 8 - On & Off Campus

12

50

$55,500.00

 

PG Part-time Band PT- custom fee - Off Campus

12

50

On request

 

UG Band 1H/E - Home/EU Fee - On & Off Campus

9

38

On request

 

COA Description (Current Student)

Mths

Wks

2020/21 COA Total (Reviewed May/June 2020)

 

Exchange rate used       £1 = $1.40

UG Band 1C  Year 2- On & Off Campus

9

38

$41,700.00

 

UG Band 1C Year 3 - On & Off Campus

9

38

$41,800.00

 

PGR Continuing - On & Off Campus

12

50

Bespoke according to year of study

 

We calculate the Cost of Attendance appropriate to your course of study.  We calculate this in GB Pounds Sterling and convert this into US Dollars using our standard exchange rate set for this academic year. The cost of attendance table shows you the maximum amount we allow you to borrow. However, you can choose to borrow a smaller amount depending on your personal circumstances.

It is important to note that certain forms of Estimated Financial Assistance (EFA) can reduce your Cost of Attendance and therefore the amount in loans you are eligible for. Federal Regulations specify that EFA in forms such as scholarships and bursaries must be deducted from the COA. Veteran education benefits are excluded from the definition of EFA. If you are unsure whether any financial assistance you are receiving counts as EFA, please contact us on usfinaid@uea.ac.uk.

The University publishes its Tuition Fees online. If you would like to check the Tuition Fee for a specific course you can use the link to see these published in table format - Tuition Fees 2020/21.

More information about campus accommodation at UEA can be found on the accommodation pages of our website.  The University also produces an Accommodation Finder which shows the range of campus residences and the typical costs.

Updated June 2020