US loans

Other funding

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 for students who are studying here at least half-time for programmes that are:

Bachelor Degrees
Masters or Doctorate Degrees
First Professional Degrees.

We are unable to certify loans for the Graduate Diploma in Law (GDL), Bar Professional Training Course (BPTC) or the Legal Practice Course (LPC). 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.

How to apply

Step One: Email the Student Financial Support Service
You will need to email the following information to us.

Your full name
Your Social Security Number
Your NTU programme of study
Your NTU ID number
The Name of NTU staff member in the school or admissions you have been dealing with regarding studying here
Will your place of study be in England? If not where will it be?
Your email address for correspondence
Your home address for correspondence
The Type of loan you have applied for and the amount
Details of other funding you may have applied for to support your studies e.g. bursary, scholarship. If so, how much is it?

Please ensure you keep us up-to-date with any changes to the above.

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

the annual loan limits set by the government
the Universities cost of attendance estimates
your Estimated Family Contribution (EFC) as shown on your Student Aid Report (SAR).

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

Step Three: Master Promissory Note
Complete and eSign Master Promissory Note (MPN).

Step Four: Entrance Counselling
Complete entrance counselling.

Direct Loan application timescales
You can apply for a direct loan for the 2012 / 13 academic year now. We plan to start originating direct loans for 2012 / 13 during June/July. We will then calculate your loan entitlement, originate the loan and email you with confirmation of the loan amount and the dates the loan will be disbursed to the University. You can apply for the loan in advance of the start of the course, however 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 by the University .

Loan funds will be received directly into the University's bank account each term and then credited against any tuition fees you have due.

The system 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.
However, 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. We will contact in due course if we require your card details.

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.