We have to adhere to US regulations, which state that the maximum you can receive in loans cannot exceed the yearly cost of attendance less any other financial aid you may be receiving.
For 1st year graduate students the conditional offer letter you receive once you have been made an offer details your cost of attendance. Undergraduates you will be informed by your college of your yearly cost of attendance.
MBA students - please refer to 'Fees and Living Expenses' on the Judge Business School website.
In addition to the quoted cost of attendance figure we can look to include the following if requested:
- additional living/personal expenses: up to £1560
- two return trips to the US: up to £2000
- computer/laptop including accessories: up to £1000
- books/copying/other study costs: up to £500
- Visa: £328
If you would like any of the extra amounts above included, please detail the amount required on your cost of attendance spreadsheet.
Please be aware that other than the very narrow allowance for some PhD students US regulations do not permit students enrolled at foreign schools to have a federal loan if any period of their study (including research, work, internship, externship or special studies) is in the United States.
Please note that we cannot include a partner's maintenance or expenses on your loan.
Some courses such as Clinical Medicine, Veterinary Medicine/Science, Diploma, Certificate and EMBA courses are not eligible for federal loans. Some part-time courses may also not be eligible for federal loans. If you are studying any of these courses and require a loan a Private Loan may be an option.
If you are a PhD student completing research away from Cambridge whilst studying at the University of Cambridge we can also look at including some of the extra costs you may incur, such as accommodation, flights etc. Please provide us with a detailed breakdown of these costs and note that we will be required to confirm with your supervisor that any extra costs are a requirement of your course of study. You must have also applied through your Self-Service to 'work away', and this must have been agreed by all parties on the working away form and be approved on CamSIS.
Graduates cannot apply for a Direct PLUS Loan without having first applied for a Direct Stafford Loan, and although undergraduate dependent students do not have to apply for a Direct Stafford Loan before their parents apply for a Direct PLUS Loan, it is recommended that they do so.
Only apply for the amount that you will need, a loan is a financial burden that has to be paid back with interest, and interest is charged on all your loans.
- First Year Graduate Students (PhD, MPhil, M.A.St, LLM)
- 2nd, 3rd and 4th Year Graduate Students
- MBA Students
- Undergraduate - Independent
- Undergraduate - Dependent
Please provide details if you are working away for any terms of the 2016-17 academic year and note that other than the very narrow allowance for PhD students US regulations do not permit students enrolled at foreign schools to have a federal loan if any period of their studies is in the United States.
Please inform Jane Armitage (Jane.Armitage@admin.cam.ac.uk) if you are planning on studying in the US for any period of your PhD.
Also note that with effect from your 10th term you would not normally have to pay fees. If your fees are to be reduced because you are working away or if you are entering your 10th term please complete the spreadsheet accordingly. Current students - before proceeding with your loan request we'll also need to confirm with your supervisor that you are making satisfactory academic progress.
Please also provide us with a copy of a letter from your college detailing your annual cost of attendance which should include a breakdown of fees and maintenance. In order to calculate your Direct Stafford loan amount please refer to: What Type of Loan and How Much You Can Borrow.
If you are a dependent undergraduate and one of your Parents is taking a PLUS loan note that US regulations require that we have confirmation from the Parent when a Parent PLUS is taken that all the Parent PLUS loan is to be paid towards fees/charges/accommodation with any remainder being given to the student towards their living expenses. If one of your parents is taking a PLUS loan we will require written confirmation of the above from your parent included with your loan paperwork.
Current undergraduate students - before proceeding with your loan request we will need to confirm with your college that you are making satisfactory academic progress.
Note that if you subsequently receive additional financial aid that takes you over the cost of attendance after your loans have been certified in our office, we will have to reduce your loans accordingly.