We are certified by the US Department of Education to provide Federal Direct Loans and private student loans via Sallie Mae. The information on this page refers to undergraduate and graduate or professional students who are studying at least half time.
The University of Westminster takes its data protection obligations very seriously. You have the right to have all records and data submitted with your application for financial aid treated as confidential information, as prescribed by the US Family Education Rights and Privacy Act (FERPA) and the EU General Data Protection Regulation (GDPR). For more details please look at our GDPR privacy statement:
Schools outside of the US administering Federal Direct Loans are required to provide the following consumer information to its students:
How do I apply?
The first step in the Federal Direct Loan process is to complete your Free Application for Federal Student Aid (FAFSA) and select the University of Westminster as one of your school options. Our school code is G21951. If you are unsure how to fill out your FAFSA please see these tips on filling out the FAFSA.
Please note: completing the FAFSA is not your loan application, it just generates a Student Aid Report (SAR) that we use to determine your eligibility for federal financial aid. Therefore you must also go to Student Aid to complete the appropriate loan agreement(s) before we can originate any loans for you.
We cannot process your loan application until you have accepted the conditional or unconditional offer to study on an eligible course at the University of Westminster.
If you intend to study a programme that has an option for a period of study abroad or includes a work placement (Internship or Externship) please email [email protected] to check that your intended programme of study is eligible for Federal Loans.
Types of loans available
The table below shows the types of loans the University of Westminster is certified to approve.
|Federal Direct Subsidised Loan||n/a|
|Federal Direct Unsubsidised Loan||Federal Direct Unsubsidised Loan|
|Federal Direct PLUS Loan (dependent students only)||Federal Direct PLUS Loan|
|Sallie Mae Smart Option Undergraduate Student Loan||Sallie Mae Graduate School Loan|
|Sallie Mae Option Parent Loan||Sallie Mae Smart Parent Loa|
|Veterans Affairs (VA) Benefits - Post 9/11 GI Bill||Veterans Affairs (VA) Benefits - Post 9/11 GI Bill|
For more information on these loans can be found in our FAQs below.
Federal Direct Loans – Subsidised, Unsubsidised and PLUS
If you intend to borrow Federal Direct Loans, after completing your FAFSA, please email us at [email protected] and include your full nameand university applicant number.
Sallie Mae – Smart Option Student Loan/Parent Loan
If you would like to take out a private loan with Sallie Mae, please email us at [email protected] university applicant number, the name of the loan you would like to borrow and the name of your course. For more information and to apply for the Smart Option Student Loan, visit the Sallie Mae website.
Veterans Affairs (VA) Benefits – Post-9/11 GI Bill
If you are applying for VA Education Benefits under one of their programmes please contact us immediately at the Student Funding Office or email [email protected], as we must register your programme of study with Veterans Affairs. Normal processing time to register a programme of study is 2–3 weeks.
Please be aware that as a foreign school, Pell Grants are not available.
Other financial aid
If you would like to borrow a different private student loan or you have an external scholarship or are using a college savings fund that requires us to verify your enrolment please contact the Student Funding Office at [email protected].
If you are a Study Abroad student, we are unable to originate Federal Direct Loans for you because you can receive financial aid from your home school in the US.
Further information and advice
Please contact us if you have any questions.
Student Funding Office
University of Westminster
35 Marylebone Road, Marylebone, NW1 5LS
T: +44 (0)20 7911 5730
E: [email protected]
Types of loans
Subsidised Direct Loan
This loan type is only available to Undergraduate Students. This loan is assessed on financial need, as determined by Federal regulations. No interest is charged while you are in school at least half-time, during the grace period or during deferment periods.
Unsubsidised Direct Loan
This loan is not based on financial need. Interest is accrued during the period of study and during the grace and deferment periods.
Parents of dependent undergraduate students, as well as graduate/professional students can apply for the Direct PLUS Loan to cover any additional educational costs up to the cost of attendance minus all other financial aid. Interest is charged on Direct PLUS Loans during all periods, but you do not have to pay it while you are in school. If you choose not to, it will be added to the principle balance of your loan.
Sallie Mae Smart Option Undergraduate Student Loan/Graduate School Loan/Parent Loan
Private student loans may also be taken out either on top of, or instead of, Direct Loans or Direct PLUS Loans, subject to credit checking and only to the value of the Cost of Attendance.
Currently, Sallie Mae is the only private loan lender that we are aware of that disburses funds to overseas institutions.
If you would like to borrow a private student loan from a different lender, please investigate whether your lender provides loans for study at foreign schools and inform the Student Funding Office of your choice.
Before choosing to borrow a private student loan please investigate Federal and private student loans. We advise that you take some time to compare interest rates and repayment terms with both loans to see which is better for you.
The amount you can borrow is called your cost of attendance (CoA). Your cost of attendance is the maximum amount you can borrow but you may not need or want to take out the full amount. It comprises tuition fees and living expenses as determined by the University. The figures below are used to calculate your living expenses (not including tuition fees). In addition to these amounts, the University will add on an average cost of a return flight home, entertainment and start-up costs.
The table below shows the Federal Direct Loan annual loan limits you may be eligible to borrow depending on your status (Independent, dependent, graduate/professional) and your year of study.
Undergraduate students can find out whether their status is dependent or independent by viewing the Dependency Status on their Student Aid Report generated from their FAFSA.
The Aggregate Loan Limit is the maximum you can borrow in Direct Subsidised and Unsubsidised Loans during your education.
|Dependent Undergraduates||Initial Subsidised Stafford||Additional Unsubsidised Stafford||Combined (maximum) levels|
|3rd year and up||$5,500||$2,000||$7,500|
Independent undergraduate and dependent undergraduate where parent is denied Parent PLUS
|3rd year and up||$5,500||$7,000||$12,500|
|Subsidised||Sub and Unsub Combined|
|Graduate and professional||$65,500||$138,500|
As you can see from the loans available, the Direct Subsidised and Unsubsidised Loans are not enough to pay the full cost of tuition for undergraduate courses and some postgraduate courses. Therefore, you will need to consider how you intend to pay the outstanding balance of your tuition fees and your living expenses. You can make up the difference with your own funds, a Federal Direct PLUS Loan or a private student loan.
Please note: If you do not borrow enough money to cover the full cost of your tuition fees you are expected to pay the outstanding balance yourself.
The table below shows you how we calculate the cost of attendance (excluding tuition fees).
|Weekly (£)||52 weeks (PG)||34 weeks (UG)|
|Rent||275||14,300||14,300 (full year)|
The total cost of attendance (not including tuition fees) using the exchange rate of £1.4 USD = £1 GBP) is:
Postgraduate: £28,350 (approximately $39,690)
Undergraduate (per year): £25,732 (approximately $36,025), Continuing Years - £23,534 (approximately $32,948)
* Laptop/PC/Tablet one-off cost for 1st Year Undergraduates only, not continuing Undergraduate students
** Health Surcharge one-off cost for 1st Year Undergraduates only, not continuing Undergraduate students
*** Visa costs a one-off for 1st Year Undergraduates only, not continuing Undergraduate students
If you want to enrol on a 4-year undergraduate course, your costs will differ for your third year of study (i.e. your placement year) – please contact the student funding office for details.
We are unable to increase your cost of attendance unless you have very specific reasons such as medical costs.
Please note: If you have a scholarship, are in the process of applying for a scholarship or are awaiting a decision, you should inform us as this will affect your cost of attendance.
The surcharge was introduced on 6 April 2015. It applies to applications where payment is made on or after 6 April and is payable in full at the time of the immigration application. The amount of the charge is based on the amount of time a migrant would be permitted to stay in the UK under the relevant category in the Immigration Rules.
- Postgraduate 1-year course £450
- Undergraduate 3-year course £1,050
- Undergraduate 4-year course £1,350
Federal Direct Loans incur an origination fee, which is a percentage of each loan you receive and is deducted proportionately from each loan disbursement. This means the money that is disbursed to you is less than the amount you borrow, and you are responsible for repaying the whole amount borrowed, not just the amount disbursed.
The loan fee that you are charged will be reflected in a disclosure statement sent to you from the US Department of Education. You are encouraged to check all fees, rebates and interest rates when applying for your loans.
Please note: Please note that interest rates are set annually and relate to disbursements occurring between July 1 and 30 June. Find out about Federal loan interest-rates
Your deposit forms part of, and is not additional to, your total tuition fee for the year.
Students in receipt of federal or private student loans that have been originated by the University of Westminster can defer payment of the deposit until they receive the first instalment of their loan. If you would like to do this, please inform the Student Funding Office at [email protected]
Step 1 – FAFSA
You must complete a Free Application for Federal Student Aid if you intend to borrow Federal Direct loans.
The University of Westminster's school code is G21951.
The following steps must be completed via the Student Loans website.
Step 2 – Master Promissory Note (MPN)
Master Promissory Note (MPN) is a legal document that you are required to complete and sign when borrowing Federal Direct Loans. It details the terms and conditions of your loan and repayment, including how interest is calculated and requires details of two referees.
Parents of dependent students complete the MPN for the Parent PLUS Loan.
If you are a graduate/professional, you complete the application form so that you are the student as well as the borrower.
Overseas institutions are unable to accept multiyear MPNs, therefore, an MPN must be completed for each year of study by continuing students. You are not required to send us a copy of your MPN as we can access it online.
Step 3 – Entrance Counselling
Entrance Counselling helps you understand your rights and responsibilities as a loan borrower and you are required to complete Entrance Counselling when applying for your loans. Please note that we are unable to disburse the first instalment of your loan if you have not completed the Entrance Counselling session. You can find out more about Entrance Counselling on the Student Loans site.
You do not need to send us confirmation that you have completed your counselling sessions as we can access your record online.
Step 1 – FAFSA
You must complete a Free Application for Federal Student Aid if you intend to borrow Federal Direct Loans. You only have to complete it once for all Federal Direct Loans.
The University of Westminster's school code is G21951.
The following steps must be completed via the Student Loans website.
Step 2 – Loan Application
You will need to complete a Direct PLUS application, which details your personal information, school information and the loan amount you have requested. The Direct PLUS Loan also requires you to complete a credit check. In order to be eligible to borrow the Direct PLUS Loan you must have an accepted credit decision. Borrowers with low or little credit may require a co-signer.
Step 3 – Master Promissory Note (MPN)
A Master Promissory Note (MPN) is a legal document that you are required to complete and sign when you borrow the Direct Subsidised, Unsubsidised or Direct PLUS Loan. It details the terms and conditions of your loan and repayment, including how interest is calculated and requires details of 2 referees. You are not required to send us a copy of your MPN as we can access it online.
If you have applied for a Direct PLUS loan as well as the Direct Subsidised and/or Unsubsidised Loan you must complete an MPN for the Direct PLUS loan also.
Step 4 – Entrance Counselling
Entrance Counselling helps you understand your rights and responsibilities as a loan borrower and you are required to complete Entrance Counselling when applying for the Direct Subsidised, Unsubsidised or Direct PLUS Loan. You can find out more about Entrance Counselling on the Student Loans site.
We can obtain confirmation of your sessions online. We are unable to disburse the first instalment of your loan if you have not completed Entrance Counselling.
Exit Counselling is a requirement for all students who borrow Federal Direct Loans (Subsidised, Unsubsidised and PLUS). Before you graduate, drop below half-time attendance, or withdraw, US regulations require you to complete an Exit Counselling session, regardless of whether you plan to transfer to another school or re-enrol later.
The Exit Counselling sessions provide important information on how to manage your student loans both during and after university and helps you to understand the repayment terms of your loan(s) and your rights and responsibilities as a student loan borrower.
Find out more about Exit Counselling on the Student Loans website.
Borrowers with adverse, low or little credit may require an endorser. Ultimately the endorser agrees to repay the loan if you cannot.
Alternatively, if there are extenuating circumstances related to your credit history and you can provide satisfactory evidence you may still be able to borrow the loan. Please contact the Federal Student Aid Center on 1-800-4-FED-AID (1-800-433-3243).
Both graduate/professionals and undergraduate students can apply for the Sallie Mae Smart Option Student Loan/Parent Loan, but before we can certify a private student loan we must ensure that you have considered both Federal and private student loans.
We advise that you take some time to compare interest rates and repayment terms with both loans to see which is better for you.
Additionally, if you are considering whether to borrow the Direct PLUS Loan or the Smart Option Student Loan/Parent Loan please investigate which is better for you.
You may be able to defer or reduce your repayments on previous Federal loans and private student loans whilst you are enrolled at least half time at the University of Westminster. To do so, please contact your lender for the In-School Deferment Request form.
Your Federal funding will be disbursed to you in GBP (sterling) into a UK bank account. Private study loans (e.g. Sallie Mae) and funding under the US 9/11 (GI Bill) Benefits scheme will also be disbursed in GBP into a UK bank account.
You will need to provide your UK bank details to the Student Funding Office. You can do this via email to [email protected] or you can provide the details in person by coming to the Student Funding Office during our opening hours. We will require the name and address of your UK bank, the account number and the sort code.
We strongly advise you to have available cash with you when you arrive in London as we are unable to disburse the first instalment of your loans until after you have arrived at the University, completed enrolment, and opened a UK bank account. The Admissions Office will send you a letter informing you of your enrolment date.
Federal Direct Loans
Loans for undergraduate students will be disbursed in two equal instalments and graduate/professionals will be paid in three equal instalments. From each disbursement we will immediately pay 50% of undergraduate tuition fees, and a third of postgraduate tuition fees. The remaining balance on each disbursement, if any, will be directly deposited into your UK bank account.
Before your disbursement, we will send an email outlining the information of your payment, and when it is likely to go through. Once the payment has been made, we will then send you another email with the details of your disbursement, showing the GBP amount allocated to your tuition fees, and paid to you for your living expenses. Your tuition fee payments will not show on your student record immediately as they take longer to process; however, the Finance Office are aware of these payments so will not contact you directly for the tuition fees.
Sallie Mae Smart Option Student Loan/Parent Loan
These loans can only be paid in GBP into a UK bank account so if you have this type of loan, you must open a UK bank account.
Loans will be disbursed in two equal instalments for both undergraduates and graduate/professionals. We will send you the details of your disbursement showing the amount allocated to your tuition fees and the amount paid to you for your living expenses.
9/11 (GI Bill) Benefits scheme
If you are eligible, maintenance grants are paid direct to the student – payments for tuition fees are sent direct to us by way of USD cheques made payable to the University. These are banked, and the converted GBP amount is allocated direct to your tuition fees. The actual amount in GBP (£) from each instalment will vary depending on the exchange rate at the time.
TThe expected disbursement dates for the 2020/21 academic year are outlined below. Please be aware that the date of the first disbursement is dependent on you completing enrolment and providing us with your UK bank details. For information on banking in the UK visit our Banking pages.
Disbursement dates for the 2020/21 academic year are: (please note that all dates are week commencing)
|Undergraduate Direct Loans Sept 2020 entry||Postgraduate Direct Loans Sept 2020 entry||Postgraduate Direct Loans Jan 2021 entry||Sallie Mae Sept 2020 entry||Sallie Mae Jan 2021 entry|
|First payment||(w/c) 14 Sept 2020||(w/c) 14 Sept 2020||(w/c) 11 Jan 2021||(w/c) 14 Sept 2020||(w/c) 11 Jan 2021|
|Second payment||(w/c) 11 Jan 2021||(w/c) 11 Jan 2021||(w/c) 26 April 2021||(w/c) 11 Jan 2021||(w/c) 26 April 2021|
|Third payment||n/a||(w/c) 26 April 2021||(w/c) 6 Sept 2021||n/a||n/a|
*(w/c) is week commencing of the dates mentioned.
Please be aware that if you don't warn us in advance not to draw down your disbursement, you will be responsible for all interest charges and for its repayment.
International students have to pay a deposit before they are issued with their CAS number, however, US students in receipt of Federal or private student loans can have the deposit payment waived. Once your loan has been originated the Admissions Office will send you a pre-visa email asking for information.
When they have received this information, and within ten days, your CAS will be produced and you will receive an email with the information given to the UK Border Agency. This is called a CAS statement and you will be able to use the information to make a Tier 4 student visa application.
Federal Direct Loans
Once your loans have been originated we will send you a Notification of Student Loan Letter 2019/20.
This letter is confirmation of your Federal Direct Loans and includes the loan period, the loan type, the amount you are borrowing and the disbursement dates for the academic year. This letter can be used to support your visa application and will be sent to you via courier. We advise you not to make your visa appointment until you have received the letter.
Sallie Mae Smart Option Student Loan
After your loan has been certified Sallie will send you confirmation, which can be used to support your visa application.
The Direct Loan Program offers loan repayment plans designed to meet the needs of borrowers and allows you to choose your own plan. There are also repayment calculators to help you to estimate your monthly repayments. You can find out more about repayment options by contacting the Federal Student Aid Center on 1-800-4-FED-AID (1-800-433-3243).
Smart Option Student Loan
Sallie Mae can help you find an option that fits your budget, simplifies payment, and minimises your total interest cost. Please contact Sallie Mae on (877) 279-7172 for more information.
The University of Westminster does not currently complete 1098-T tax forms for its US students.
How do I guarantee to continue receiving my loans?
All students receiving US Federal Aid must progress satisfactorily towards completion of a chosen academic programme in order to remain eligible to receive US financial aid.
Please see our Satisfactory Academic Progress (SAP) policy:
What is the University’s refund policy?
Please inform the Student Funding Office [email protected] as soon as possible if you decide to withdraw from your course. The University is required by Federal Law to complete a Return to Title IV Refund, which recalculates your financial aid eligibility based on your actual period of attendance.
For more information, please read our Refund Policy (PDF):