US Loans

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:

Consumer information

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 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.

Undergraduate Graduate/professional
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 and include your full name and 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 with your 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 Sallie Mae private loans 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 , as we must register your programme of study with Veterans Affairs. Normal processing time to register a programme of study is 2–3 weeks.

Pell Grants

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 .

Study Abroad

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,London, NW1 5LS

T: +44 (0)20 7911 5730
E:

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.

PLUS Loan

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 private study loans

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.

Loan amounts

Dependent Undergraduates Initial Subsidised Stafford Additional Unsubsidised Stafford Combined (maximum) levels
1st year $3,500 $2,000 $5,500
2nd year $4,500 $2,000 $6,500
3rd year and up $5,500 $2,000 $7,500

Independent undergraduate and dependent undergraduate where parent is denied Parent PLUS

1st year $3,500 $6,000 $9,500
2nd year $4,500 $6,000 $10,500
3rd year and up $5,500 $7,000 $12,500

Aggregate limits

  Subsidised Sub and Unsub Combined
Dependent undergraduates $23,000 $31,000
Independent undergraduates $23,000 $57,500
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 9,350
Food 50 2,600 1,700
Travel 30 1,560 1,020
Household/utilities 20 1,040 680
Course supplies n/a 500 500
Personal allowance 50 2,600 1,700
Health surcharge (IHS) n/a 705 (470 +235) 1,645 (470 x 3 + 235)*
Clothing n/a 300 250
Visa n/a 348 348**
Flights n/a 2,000 2,000

The total cost of attendance (not including tuition fees) using the exchange rate of £1.4 USD = £1 GBP) is:

Postgraduate: £25,953 (approximately $36,334)

Undergraduate (per year): £19,193 (approximately $26,870), Continuing Years - £17,200 (approximately $24,080)

* The Immigration Health Surcharge (IHS) was introduced in 2015. 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

The IHS is a one-off cost for Postgraduate students and first year Undergraduates only, not continuing Undergraduate students. More information is available on our Immigration Health Surcharge page.

** 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 email 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.

Federal Direct Loans incur a loan 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 .

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 borrowerv.

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 Contact Center on 1-800-557-7394 or visit the Student Aid website.

You can apply for Sallie Mae loans on Salliemae.com, 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 to decided 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.

The University uses Western Union to process the loan disbursements, so we will send you an email via Western Union that contains a password and link that allows you to logon to their secure portal and enter your UK bank details.

As we cannot disburse loans until you are fully enrolled and have a UK bank account, we strongly advise you to have available cash with you when you arrive in London. The Admissions Office will send 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 half of the 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 private study loans

These Sallie Mae 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 and email us the details at .

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 a USD wire transfer. The actual amount in GBP (£) from each instalment will vary depending on the exchange rate at the time.

Disbursement dates

The expected disbursement dates for the 2021/22 academic year are outlined below. Please be aware that the date of the first disbursement is dependent on you completing enrolment and providing your UK bank details. For information on banking in the UK visit our visit our Banking pages.

Disbursement dates for the 2021/22 academic year are: (please note that all dates are week commencing).

  Undergraduate Direct Loans Sept 2021 entry Postgraduate Direct Loans Sept 2021 entry Postgraduate Direct Loans Jan 2022 entry Sallie Mae Sept 2021 entry Sallie Mae Jan 2022 entry
First payment (w/c) 27 Sept 2021 (w/c) 27 Sept 2021 (w/c) 24 Jan 2022 (w/c) 27 Sept 2021 (w/c) 24 Jan 2022
Second payment (w/c) 10 Jan 2022 (w/c) 10 Jan 2022 (w/c) 2 May 2022 (w/c) 10 Jan 2022 (w/c) 2 May 2022
Third payment n/a (w/c) 2 May 2022 (w/c) 5 Sept 2022 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 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 UKVI. This is called a CAS statement and you will be able to use the information to make a student visa application.

Please email if you have any queries relating to your CAS or a CAS request form that you have submitted.

You can email your query to Student Advice via or to request a Skype appointment please call +44 (0)20 7911 5000 ext 66080.

You can also view our Student visa webpages.

Federal Direct Loans

Once your loans have been originated we will send you a Notification of Student Loan Letter 2021/22.

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 electronically. 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.

Direct Loans

The Direct Loan Program offers repayment plans and is 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 Contact Center on the following number 1-800-4-FED-AID (1-800-433-3243) or by contacting your loan servicer.

Sallie Mae Private Study loans

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 or visit the Sallie Mae website.

The University of Westminster does not currently complete 1098-T tax forms for its US students. For information purposes, the University school code is G21951 and our Employer Identification Number (EIN) is 98-1157292.

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 at 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):