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USA flagFinancial Aid for North American Students

Please NOTE; We are unable to originate any loans for 2013/14 until after June 28th when changes are being made to US Portal system (COD), for more details see link

Funding for US Students

The RVC participates in the Direct Loan Program in which federal financial assistance is made available from the US Department of Education to US students studying at the RVC. The purpose of this page is to inform you about the process of applying for financial assistance.

The RVC College will originate Direct Stafford loans and Direct Graduate and Parent PLUS loans and full-time students from the USA who are attending at the RVC are normally eligible for funding. The RVC also participates in the VA Educational Benefits programme.

Federal Student Aid

You can view and download resources from the office of Federal Student Aid.

The office of Federal Student Aid provides publications, online tools, and other resources to help you prepare and pay for college, applying for aid, and more. Below are samples of useful tools and link to “StudentAid” official website.

Budget Calculator;  Prepare a budget

Financial Aid Process Video; Video

Going to college in another country StudentAid.gov/international

Financial Aid for Graduate and Professional Degree StudentsAid.gov

For the full website data please see http://studentaid.ed.gov/resources

 

Loan applications for 2012/2013

Loan applications for 2012/13 are now being accepted from continuing students and new entrants starting in September for the 2012/13 academic year. Please complete your FAFSA www.fafsa.ed.gov and a Loan Amount Declaration also see Instruction for the Interactive Cost of Attendance Calculator

Instruction

FFELP (the Federal Family Education Loan Program) was abolished on July 1, 2010. All loans are now provided under the Direct Loan Program with funds being made available directly from the US government.

There are no short cuts to loan origination: all students must complete the steps listed in our Guidance to FAFSA. The steps you will need to take are quick and easy but the RVC will not know if you have completed all the processes for all the loans you intend to borrow unless you tell us, also the RVC will not know how much you wish to borrow until you tell us.

We want to be sure that you have completed everything you have to do before we start to process your application because if the School starts origination of loans (process your application) and your application is incomplete or information is missing then your loan origination will fail and this will delay your access to federal financial assistance.

To speed the process we will accept evidence in the form of email attachments but we need all the evidence from you at the same time - all required documents must come in the same email; if anything is omitted then we cannot start the loan origination process and this will delay your access to federal financial assistance.

When you have finished and collected all the evidence required then please send this to the RVC financial aid office financialaidoffice@rvc.ac.uk For priority treatment your email subject line should be in the format: US Loan 2012-13 (Surname, Forename). For example: US Loan 2012-13 (Jessica, George).

Take the time to read our Guidance to FAFSA carefully before you start your application.

Guidance to FAFSA

Direct Loans

  • How do direct loans work?
  • Who is eligible to apply?
  • RVC Satisfactory Academic Progress (SAP) Policy Statement
  • Benefits of the Direct Loans program
  • Borrowing limits
  • Origination fees
  • Cost of Attendance Analysis

Loan types & amounts

  • Graduate Students
  • Undergraduate Students
  • Private Loans

Where to begin when applying for Federal Loans

  • Direct Loan Entrance Counselling (EC)
  • Student Aid Report (SAR)
  • Loan Request Form / Loan Amount Declaration (LAD)
  • Sign a Master Promissory Note (MPN)
  • The RVC Codes

How to Apply - step-by-step guide

  • Step1
  • Step2
  • Step3
  • Step4
  • Notifying the RVC
  • What next?
  • Loan Origination
  • The Award Letter
  • Receiving your Loan
  • Processing your application

Disbursement

  • Tuition fee collection

Other Particulars

  • Requesting additional loans
  • Cancelling Loans
  • Withdrawal, graduation and repayment
  • Exit counselling
  • Repayment
  • Consolidating
  • Where can I find more information?

Frequently Asked Questions

  • Communicating with us about your loans

Designed and developed by the RVC Electronic Media Unit