海角社区

Following the enactment of the in July 2025, there are significant changes to the amount that new students can borrow. These changes come in to effect from 1 July 2026.

Students who have been continuously enrolled at the University of 海角社区 during the 2025-26 academic year and who have received federal loans, may continue to access funding under the previous regulations (as 'legacy' students) for up to three years or for the remainder of their study (if this is less), provided they maintain uninterrupted enrolment and fulfil their expected 'time to completion'.

The University of 海角社区 is able to disburse Direct Stafford Loans, from the William D. Ford Federal Direct Student Loan Program. There are three types of loan available:

• are available to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.
• are available to eligible undergraduate, graduate, and professional students. You do not have to demonstrate financial need to be eligible for this loan.
• are available to parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. The loan will be assessed per undergraduate student.

From 1 July 2026 graduate or professional student PLUS loans are no longer available for new students.

The type of loan available to you may depend on your financial need. In addition, if you are an undergraduate student, the type of loans you are eligible is determined by whether you are regarded as a dependent or independent student for the purpose of federal aid. An independent student is one of the following;

• Aged at least 24 years old
• Married
• A graduate or professional student
• A veteran
• A member of the armed forces
• An orphan
• A ward of the court
• Someone with legal dependents other than a spouse
• An emancipated minor
• Someone who is homeless or at risk of becoming homeless

For more information on the types of federal loan see the

The Student Finance Team calculate the actual loan amount you are eligible to receive each academic year within the limits set by the federal loan programme. The annual and aggregated limits for subsidized and unsubsidized loans can be found and these are also included below.

Origination fees

Most federal student loans have that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while you are enrolled at University. This means that the money you receive will be less that the amount you actually borrow. You are responsible for repaying the entire amount you borrow - not just the amount you receive. These are called origination fees and they change each year.

Interest rates

The varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. Interest rates change each year from 1 July.

In order to determine the amount of loan you will receive and the various forms of loan you are eligible for, the University first calculates the Cost of Attendance (CoA). This is an estimate of your educational related costs for one academic year less any other funding you may be receiving (such as bursaries, scholarships, PG stipends, sponsorship or private loans). If you are eligible for a subsidised loan, your will also be deducted from the CoA figure in order to establish your 'financial need'.

Whilst your costs may vary depending on where you live, the CoA is what the University believes is the average cost of attending the specific course that you have enrolled on for one academic year. The CoA for students studying at the University of 海角社区 is set by Student Finance and is increased in line with inflation for each academic year. The costs relate only to you, the student. These costs cannot include costs for partners, dependents or children (other than childcare or nursery costs).

These broad based costs can be broken as follows:

• tuition
• accommodation (on or off campus)
• food
• personal miscellaneous expenses
• books, supplies and equipment
• transport - local
• transport - flights home

The Student Finance Team will calculate how much you can borrow in subsidized and unsubsidized direct loans based on information contained in your Institutional Student Information Record (ISIR) and the CoA. Private loans may also be taken out either on top of, or instead of, PLUS loans or Direct loans, but you can only borrow to the value of the CoA.

If you commence your studies part way through an academic year, the University will pro-rata your costs and loan eligibility according to the number of months you are enrolled for that academic year.

If you would like to appeal or request modifications to the loan package awarded, then you should send an email to studentfees@warwick.ac.uk, ensuring you enter your student number and 鈥淐ost of Attendance鈥� in the subject field. You will then be sent a form to complete and may be asked to provide evidence as to why you think your CoA has been incorrectly calculated correctly.

If you are successful in receiving a bursary or scholarship, PG stipend, sponsorship or private loan - either from the University of a private source - you must inform us so that this may be factored in to your Cost of Attendance. Failure to do so will result in a recalculation and reduction of your loan later in the academic year.

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If you wish to make any changes to your US Federal Loan(s) then please e-mail Student Finance.

Increase

You will not be able to ask for additional funding during the academic year if you have previously requested the maximum amount in your Cost of Attendance (CoA). You are not able to borrow more than the maximum CoA figure.

Decrease

Please be aware that any requested reduction will be spread across any remaining fund disbursements.

Cancel

You need to notify Student Finance at least two weeks before your disbursement date if you wish to cancel your loan via the University. You can cancel your loan by making a payment directly to your loan servicer. If you choose to do this then you are advised to contact your loan servicer for up-to-date details on the steps you need to take to cancel your loan with them. More information and details can be found on the .

Please be advised, if you cancel your US Federal Loan(s) after receiving a disbursement you are required to complete .

Commonly referred to as 鈥渁lternative鈥� loans, these are credit-based, variable-interest-rate loans offered by banks and other private lenders that you and/or your family may use to help pay for up to the full cost of your tuition and related educational expenses (computer, books, lab fees, supplies, transportation, living expenses, etc.), less any other aid you may receive. They are not needs-based, and you do not have to submit a FAFSA to apply.

Private education loans may be taken out alone or as a supplement to other financial aid. Private loans can generally be more expensive and you should research whether these loans suit your borrowing needs. When considering a private education loan, you may want to shop around for a lender that offers the best interest rate, repayment terms and deferment options, as well as the lowest fees. Please ensure that your lender is aware that you are registering for a course at a foreign school as most lenders will not provide loans for courses at foreign schools.

The University will seek to work with whichever private lender you decide to use. However, we are currently most familiar with Sallie Mae and Earnest. Please be advised that no more than 365 days can pass from the loan period end date to the first disbursement of your loan through and .

You do not need to set-up these external loan providers as sponsors on the University system. The loan funds will either be paid to you directly or be sent to the University. If you are taking out an external loan please notify so that we can more effectively identify payments and associate them with your student account.

Irrespective of which loans you choose to fund your studies at 海角社区, the University can only certify loans up to the calculated for you. You need to check eligibility criteria carefully as - for example - distance learning courses may not qualify for private loans.

Please be advised that although the University considers the MBChB programme to be a bachelors level degree, US private loan providers do not. Therefore we do not currently administer private loan funding for studying medicine at 海角社区.

The University of 海角社区 has previously been an approved provider of funding and benefits offered by the Department of Veterans Affairs (VA). Unfortunately, due to regulatory changes for foreign institutions the University no longer processes VA funding for students.