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?
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.
Once you have applied online
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/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 detailed below:
Complete Loan Entrance Counselling on the Studentloans.gov 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.
Stafford Master Promissory Note
Complete the Direct Subsidised/Unsubsidised Loan Master Promissory Note (MPN) on the StudentLoans.gov 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)
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. 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.