Loan information for students from the United States

This page describes the various loans available to US students and explains what is available and how to apply for it.


Federal Student Aid

The University of Sheffield participates in the William D. Ford Federal Direct Loan Programme. You can find out more about the loans programme from their website.

Eligibility

To be eligible to apply for these loans you must meet all of the criteria listed below.

  • You are an American national or permanently reside in America
  • You have accepted an offer to study at the University of Sheffield for the following academic year
  • Studying an eligible course (see below)
Programmes that are not eligible to receive Federal Student Aid

    •Specific courses within the Faculty of Medicine, Dentistry & Health including MBChB & BDS, or any course with clinical modules. If your course is within this faculty, we will review the eligibility once you have submitted an application.
    • Certificate & Diploma degrees
    • First-professional degrees
    • Courses of either Distance Learning or Remote Location mode of attendance
    • Courses that include a period of study abroad, this includes conducting any study within the USA
    • Courses off campus i.e. attending City College in Thessaloniki, Sofia and Tirana
    • Courses at Sheffield International College or the English Language Teaching Centre
    • Visiting & exchange students or students on an Erasmus/Study Abroad programme (you should apply for funds through your home institution)
    • Courses that include Erasmus/Study Abroad (please contact us to check this as some may be eligible)
    • Courses run by the University of Law at the University of Sheffield campus, such as the Graduate Diploma in Law (GDP) and Legal Practice Course (LPS)
    • Courses that include placement years and internships

A full list of eligibility criteria can be found on the Federal Student Aid website.

If you are not eligible for Federal Loans you may be eligible to apply for a Private Loan.

How much can you borrow?

The amount you can borrow is calculated by adding your tuition fee and estimated living cost together and then deducting any scholarships or other fee reductions, estimated family contributions (EFC) from your Student Air Report (SAR).

These figures are all taken from the Cost of Attendance spreadsheet.

Example: Calculating your entitlement

How to apply

1. Apply to FAFSA (Free Application for Federal Student Aid) for your loans and inform them that you intend to study at this University of Sheffield with the School Code: G08398.

2. Download the Guidance Notes and loan Flowchart and Cost of Attendance spreadsheet and follow the instructions provided.

3. Email the following documents to usloans@sheffield.ac.uk

  • Your completed Cost of Attendance spreadsheet
  • Any other required documents (as listed in the Guidance Notes)

4. Your complete application will take 15 working days to process. We will then email an electronic copy of the Loan Notification Letter to your email address. This document will confirm the amount of loan you will receive and can be used as part of your visa application.

The deadline for applications for the next academic year is 27 August 2021.

5. Once you have registered, your loan will be paid to the University of Sheffield. Your funding will be processed in two instalments, and we will deduct any tuition fee and accommodation fees (where applicable) from each instalment. We will then contact you to transfer the remaining balance.

The scheduled payment dates for 2021-22 are:

  • 11 October 2021
  • 25 February 2022

These dates are subject to change if your registration is delayed.

You will be required to open a UK bank account for the funds to be paid into.

We recommend that you have some funds in place for the first few weeks of term.

Applying for additional funds

If you experience a change of circumstances during your studies you may be able to apply for additional funds.

The deadline to apply for additional funds from Federal Student Aid for the 2021-22 academic year is Friday 20 May 2022.

If you are wanting to apply for funding during the academic year please contact the Fees and Funding Team.


Private Loans

As far as the University is aware, there is only one private lender that makes loans available to US students completing a degree at a UK institution. These private loans are available from Sallie Mae Student Loans. Further information about the loans are available from their website:

Eligibility

To be eligible to apply for these loans via the University of Sheffield you must meet both of the criteria below:

  • Submitted an application with Sallie Mae Student Loans and have been approved for funding.
  • Accepted an offer to study at the University of Sheffield for the next academic year.

How to apply

1. Complete a private loan application with Sallie Mae Student Loans.

2. Download and complete the Cost of Attendance spreadsheet.

3. Email your completed documents to us.

4. Your complete application will take 15 working days to process. We will then email an electronic copy of the Loan Notification Letter to your email address. This document will confirm the amount of loan you will receive and can be used as part of your visa application.

The deadline for applications for the next academic year is 27 August 2021.

5. Payments will be paid directly to the University, we will deduct any tuition fee and accommodation fees (where applicable) and transfer the remaining balance to a UK bank account in two instalments.

Scheduled payment dates for 2021-22 are;

  • 11 October 2021
  • 25 February 2022

You will be required to open a UK bank account for the funds to be paid into.

We strongly recommend that you have some funds in place for the first few weeks of term.

If you have any further questions please contact the Fees and Funding Team.


Veteran Affairs Funding

If you are considering applying for funds from the Department of Veteran Affairs please contact us in the first instance to discuss your eligibility.

Processing loans can take up to two months so please contact us at least three months before the start of your course.

Please note that Distance Learning programmes are not eligible for Veteran's Affairs funding.

More information about eligibility can be found on the Department of Veteran Affairs information for students web page.


Additional information

If you are in receipt of Federal Loans whilst you are studying at the University, we are required to report your registration status with the National Student Loan Data System for Students (NSLDS) every 60 days.

If you are not in receipt of loans, but require your registration status to be reported for loan deferment purposes, please contact us to request this.

More information about deferment forms and other forms completed by The University of Sheffield can be found on the US loans forms web page.

See also