Eligibility and Loan Amounts

Eligibility

US Federal loans are generally available to eligible students who have received an unconditional offer to study at Queen’s; will be studying at least half-time and are not in default on a previous loan or exceeding Federal loan limits. To maintain eligibility throughout the year, students must be making satisfactory academic progress; cannot take more than 150% of the normal time to complete a programme (Approved leave of absence will not be considered in the calculation) and cannot study in the US.

Eligible Programmes:

Bachelor’s Degree

Masters or PhD programmes

Non-eligible Programmes:

Programmes leading to a diploma or certificate

Medicine

Nursing and Midwifery

Programmes taught within colleges associated or affiliated with QUB

A programme offered in whole or in part by distance learning

 

There are three types of US Federal Loans – Subsidized (available to undergraduates only), Unsubsidized and PLUS Loans (available to graduate students or the parents of dependant undergraduates). You may borrow only up to the estimated cost of attendance for your programme (including tuition, subsistence and airfare)

Please note that all loans must be repaid. It is the responsibility of the borrower to repay the loan, and to clarify the interest rates, repayment terms and conditions prior to application.

Loan Amounts 2017/18

 

Subsidized

Unsubsidized

Combined Maximum

Dependent Undergraduates

 

 

 

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 Undergraduates

 

 

 

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

Graduate/Professional Students

 

 

 

Each Year

N/A

$20,500

$20,500

 

Aggregate Lifetime Maximum Loan Limits 

 

Subsidized

Sub and Unsub combined Maximum

Dependent Undergraduates

$23,000

$31,000

Independent Undergraduates

$23,000

$57,500

Graduate/Professional Students

N/A

$138,500