U.S. Students Applying for Financial Aid
Students with United States citizenship are eligible to apply for American financial aid through the William D. Ford Federal Direct Loan Program. Note that for all UNISG programs, loan applications, must be initiated by the student and received at UNISG electronically. (See StudentLoans.gov for more details.)
Maximum Loan Amounts
Direct Stafford Loans are need based (subsidized) and non-need based (unsubsidized) and are subject to annual limits. The loan calculation is based on information from your FAFSA, information about other financial aid you are receiving and the cost of attendance (tuition and living expenses) which is set by the University. The maximum amounts are as follows:
Three-Year Undergraduate Program
• Year I: $3,500 (subsidized); $6,000 (unsubsidized)
• Year II: $4,500 (subsidized); $6,000 (unsubsidized)
• Year III: $5,500 (subsidized); $7,000 (unsubsidized)
One-Year Master Program
• $8,500 (subsidized); $12,000 (unsubsidized)
PLUS loans (for parents of dependent students) and Grad PLUS loans (for independent students in the UNISG Master program) are also available.
Several steps are involved in applying for financial aid. Ensure that you start the process early in order to complete all steps in accordance with both U.S. Dept. of Education and UNISG deadlines.
As loans of all kinds involve serious financial commitments, UNISG requires that students be fully responsible in ensuring accurate and timely submission of their FAFSA. Although in some cases a student’s parents may participate in completing the form, the student is considered ultimately responsible for his or her application process.
Applying
To apply to Direct Loan, you must:
1. Complete a FAFSA (Free Application for Federal Student Aid). In completing the FAFSA, you must indicate the UNISG Federal School Code (also called the Title IV Code): G41391.
2. E-Sign an MPN (Master Promissory Note).
3. Email the UNISG Financial Aid Office, indicating the total amount of subsidized Loan, loan, and PLUS loan you are applying for. Also indicate any other financial aid or scholarships you are receiving, as well as any other documentation or information you wish to transmit that was not included in your FAFSA. All amounts should be shown in U.S. dollars and you should indicate the UNISG program you are applying for, and housing/meal plan preferences.
4. Complete entrance counseling, if you are a first-time Stafford Loan applicant.
Deadlines
• FAFSA submission: within five days of the UNISG Registrar’s announcement of accepted candidates.
• Acceptance of UNISG admission offer and payment of initial deposit: within five days of receipt of loan
confirmation from UNISG Financial Aid.
Disbursement of Funds
FSA funds are not disbursed directly to the student. Disbursements are made to UNISG and applied to the student’s university account. Funds in excess of the student’s university fees will be disbursed to the student’s personal bank account once the student arrives at UNISG. All currency exchange rates are based on the rate in effect on the day of deposit of funds.
For more information, contact: UNISG Financial Aid Office
UNISG Federal School (Title IV) Code: G41391
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