As a Title IV School Student's may be eligible for a Sallie Mae loan. Students may request to borrow up to the maximum cost of attendance, and the School will certify your loan request with Sallie Mae for review.
Below are some links that may help you make a decision on the right loan for you.
Learn about your student loan options with Sallie Mae:
Sallie Mae website: Sallie Mae Student Loans
Sallie Mae Graduate Loan Brochure: Sallie Mae Graduate School Loan
Sallie Mae Undergraduate Loan BrochureBrochure: Smart Option Student Loan For undergraduate students
Understanding gap financing Options PLUS Loan Vs Private loan borrowing: PLUS loan Vs Private loan
Application timeline: Application to disbursement
It is important that you understand how your student loan payments are calculated and used to pay down your loan: Understanding Student Loan Payments
Tips for sucessfully repaying your student loan
Student Loan Payment Amount Estimator
1. Request a cost of attendance and award letter from email@example.com. This will determine how much you can borrow to supplement your federal loans and the maximum amount you can borrow in a private educational loan.
2. Make your application with Sallie Mae online at Sallie Mae Student Loans.
3. The financial aid administrator will check that you have not requested above your cost of attendance before certifying your private loan.
Receiving your loan
Private loans will be disbursed in full at the start of the year. You must be fully enrolled and registered at Queen's before we can disburse your loan. The disbursement date used is the date that Sallie Mae issues the cheque in the U.S. and it may take up to 10 days to be received by Queen’s.
Private loans can only be paid in GBP and transferred directly into a UK bank account. Therefore on arrival you will need to open a local bank account and complete the bank transfer form. Please bring this form to the Student Finance Office in the One Elmwood Student Centre before your loan disbursement is due. Your tuition fees will be paid before the remaining balance is transferred into your UK bank account. If you wish to pay your tuition fees by other means please discuss this with the Student Finance office.