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- On 30 March 2010 President Barack Obama signed the Health Care and Education Reconciliation Act of 2010, which, amongst other things, made significant changes to the federal loans programme. All US government loans changed to Direct Loans (under the William D Ford Federal Direct Loan Programme) for the year 2010-11 onwards. This means that your loan will come directly from the US government rather than from a financial institution like a bank.
- New Student’s applying for a visa will receive a proof of funds letter once US Federal Loans have been confirmed by the federal aid administrator. When traveling to the UK this letter should be available to present to the UK Border Agency on request.
- With effect 1 August 2012, Graduate/Professional students are no longer eligible for subsidised loans.
- Under the clarification of the Gainful Employment Regulations page 34389 of 13 June 2011, for implementation 1 July 2011, “the Program Integrity Issues final regulations (75 FR 66832)-- Clarified that only certificate or credentialed non-degree programs of at least one academic year that are offered by a public or non-profit institution of higher education are gainful employment programs;” Queen’s does not offer non-degree GE-specific (gainful employment) courses and has no employment or debt ratios to publish under this category.
Federal Loan Types
