US Federal Loans and Canadian Loans

Information about Canadian Loans

The University of South Wales is certified to originate Direct Loans for full time Bachelor or Graduate degrees only. We are not certified to originate loans for Nursing courses, HND/HNC or Foundation Degrees.

The School Code for the University is: G35473

We aim to process all applications within 10 working days of receiving a fully complete application; therefore it is in your best interest to apply early.

Types of Loan

The Direct Loans Program is available to students in any year.

The PLUS Loan is only available to the parent of a Bachelors student (subject to a credit check), or to Graduate students. The actual loan amount you are eligible to receive for an academic year is determined by your school and may be less than the maximum annual amounts.

Please note there will be a fee for originating a loan.

Private Loans

The only private loan currently available to students at foreign schools is the Smart Loan. To apply for a private loan, you must apply directly to the lender and then send a copy of your e-signed Promissory Note to the US Loans Administration Team.

Please note that Direct Loans maybe more favourable than private loans. It is the student’s responsibility to explore all options available to them before making a decision.

Students studying at foreign schools are NOT eligible for Pell Grants.

The University uses a standardised exchange rate to avoid fluctuations. The U.S. Department of Education states that students attending foreign (those outside of the United States) schools will have to tolerate such fluctuations.