At the University of Edinburgh, Scholarships and Student Funding Services staff are committed to helping you determine the best way to pay for your education and to provide comprehensive support and quality service.
From the Director of Scholarships and Student Funding
The University of Edinburgh's school code is G06839.
If you intend to study at the University of Edinburgh in the 2013-2014 academic session and you wish to take out a loan, you should complete the following steps:
1) Submit a FAFSA
Students wishing to apply for financial aid are required to complete a FAFSA. This can be completed on-line at www.fafsa.ed.gov
2) E-sign Your Federal Direct Loan Master Promissory Note (MPN)
Students taking out a federal Direct loan outside the US are required to complete a Master Promissory Note (MPN) annually before the loan funds can be disbursed. Follow the four-step process listed on the studentloans.gov Web site to sign your MPN.
3) Loan Entrance Counselling
The U.S. Department of Education requires first-time borrowers of the federal Direct loan to complete a loan entrance counselling session before the loan funds can be disbursed. You can complete this online on the studentloans.gov web site at https://studentloans.gov/
Please note that loan origination fees are increasing for any loans originated with a first disbursement date on or after 1st December 2013. Fees for Subsidized and Unsubsidized loans are increasing from 1.051% to 1.072% and fees for Parent PLUS and Graduate PLUS loans are increasing from 4.204% to 4.288%.
If you have any queries please feel free to contact our Financial Aid staff within Scholarships and Student Funding Services (firstname.lastname@example.org).
This article was published on Oct 23, 2013