Edinburgh Napier University is participating in the William D. Ford Federal Direct Loan (Direct Loan) Program administered by the United States Department of Education. Our school code is G 34184. Federal Direct Stafford Loans are available to eligible students who complete the Free Application for Federal Student Aid (FAFSA) online.
Undergraduate and postgraduate students as well as parents of undergraduate students may borrow money for university education. Four loan options are available for students at Edinburgh Napier University:
- Federal Direct Stafford Loan (Subsidized)
Open to dependent and independent undergraduates, graduate and professional students.
This loan is based on financial need as defined by the US Department of Education*. The loan is subsidized, meaning the US government pays the interest while you are studying at least half-time at an eligible institution. - Federal Direct Stafford Loans (Unsubsidized)
Open to dependent and independent undergraduates, graduate and professional students.
This loan is not based on financial need. Student borrowers are responsible for paying the interest from the time the money is disbursed. The interest may be paid as it comes due, or it may be postponed and allowed to accumulate while you are enrolled at least half-time at an eligible institution, during any authorized period of deferment and for the six-month grace period after you leave university or drop below half-time enrolment. - Federal Direct Parent PLUS Loan
Open to dependent undergraduates.
This loan is not based on financial need. Parents may be eligible for this loan if their child is a dependent undergraduate student as defined by the US Department of Education. Parents may use this loan to pay the entire cost of attendance minus any other financial aid received by or for the dependent undergraduate student, including grants and scholarships. A credit check will be completed before approval of the loan has been made. - Federal Direct Graduate PLUS Loan
Open to graduate and professional students.
Students may take this loan on their own behalf, to cover the difference between cost of attendance and all other awarded aid, and should be considered only after applying for Stafford loans. This loan has a federal credit check process.
* The information you report on your FAFSA is used to determine your Expected Family Contribution (EFC). To determine your financial need, your EFC is subtracted from your cost of attendance at university.
The Direct Loan Program offers loans to student and parent borrowers with terms and conditions that are virtually identical to loans made through the Federal Family Education Loan (FFEL) Program. School participation requirements for the Direct Loan Program are similar to the requirements of the FFEL Program.
We recommend that you create a yearly budget prior to departure, and have sufficient funds for accommodation, books, supplies and any other expenses during the first trimester in the event of a delay in your loan (s) arriving from the US. The US Federal Student Aid Budget Calculator can help you work out your expenses.
What is the difference between FFEL Program and the William D. Ford Federal Direct Loan Program?
In the Direct Loan Program, the US Department of Education acts as the lender, providing funds for Stafford loans and PLUS Loans. With FFELP, students chose a bank or lender, and the University then certified that students and parents were eligible for the loans.
If I have previously received a Stafford or PLUS Loan through a lender, do I have to change to the Direct Loan Program?
Yes, all Edinburgh Napier students who wish to take out a Stafford or PLUS Loan will now need to borrow through the Direct Loan Program. You may apply for private (non-federal) loans through the lender of your choosing. We recommend that you apply for federal loans first because generally the rates and terms are more favourable from the federal government than through private education loans.
Please note: You are encouraged to review your debt and only borrow funds that you need. US financial aid awards can be modified, amended or cancelled due to changes in a student's academic, financial or personal circumstances.You have the right to cancel your US loan(s).
After you have ceased enrollment, and before beginning repayment, all US Loan students are required to complete an Exit Counselling session. This can be completed on the National Student Loan Data System website, and takes approximately 30 minutes to complete.
Application process
We have provided a number of useful downloads to guide you through the
application process, find out more about funding
eligibility assessment and loan disbursement, and details about the current
loan interest rates.
Assuming you have applied for financial aid in advance of your course start date, your loan checks will be waiting for you in our Finance Office at Sighthill Campus. After you have matriculated with us and opened a British bank account, go to the Finance Office to sign your loan checks and provide the details of your British bank account (bank name and address, account number and sort code).
Finance will send the checks to your bank and have them converted into pounds sterling (GBP), after which the funds will be returned to us and used to pay your outstanding tuition fees. Any remaining funds will be put back into your account for living expenses.
This entire process takes over a month, in some cases two months, so please bring enough money to cover living costs during this period.
Useful Resources
If you have any questions about US Financial Aid or other funding questions, please contact usloans@napier.ac.uk.
Studentloans' guide to US Financial Aid
US Department of Education's Direct Loan Program
US Direct Loans Glossary of Loan Terms
Direct Loan servicing online - manage your loan by making online payments, viewing account balances and payment history, changing your billing options, enrolling in electronic services and more.
Free Application for Federal Student Aid (FAFSA)
US Department of Education Guide to completing the FAFSA
Federal Student Aid Pin Registration - apply for your personal PIN. This serves as your identifier and allows access to your personal information in various US Department of Education systems. The PIN can be used to sign your FAFSA online.
US Department of Education - use your PIN to sign your Master Promissory Note (MPN) and complete your Entrance Counselling.
National Student Loan Data System (NSLDS) - national database of information about loans and grants. You should also complete your Exit Counselling here.
Loan Consolidation - find out how loan consolidation can simplify and lessen the burden of loan repayment.
Selective Service Registration - all males over the age of 18 years are required to register.
Federal Student Aid YouTube channel - over 60 videos and advice from current college students.
External Scholarships
Students are encouraged to investigate all their options, both on and off campus. Non-University based or private scholarships are offered by a large number of organizations. You are encouraged to visit the Smart Guide to Financial Aid, College Board, or other scholarship websites. Deadlines vary and applications may be requested in writing or by phone call. Please exercise extreme caution if you use a commercial scholarship search company that offers to help you find scholarships for a fee.