Financial Assistance for International Students
Various forms of Financial Assistance exist to assist international students.
- Paying Tuition Fees by Instalment
All international students are required to pay their tuition fees by the due date on their invoice. Where international students are unable to pay their fees by the due date and they are in genuine financial hardship they may apply to pay tuition fees by instalment.
For a complete list of scholarships available to international students in the University of Adelaide, go to the International Students Scholarships website.
- Grants & Loans
For information about possible emergency or short-term financial assistance, enquire through International Student Support.
- US Financial Aid - William D Ford Federal Direct Loan Program
As a US citizen studying at the University of Adelaide you may be eligible to apply for Federal Student Aid from the United States Department of Education under the William D Ford Federal Direct Loan Program (Direct Loans).
Students studying a degree program (Bachelors degree, Masters, PhD) may be eligible to apply for loans under the William D Ford Federal Direct Loan Program (Direct Loans).
Under the William D Ford Federal Direct Loan Program (Direct Loans) eligible students can apply for Direct subsidised loans, Direct unsubsidised loans, Parent Plus loans for parents of dependant students and Grad Plus loans for graduate/professional students. Further information is available on the US Department of Education websites and Direct Loans .
Students studying a Graduate Certificate or Graduate Diploma program are not eligible for Federal Student Aid under the William D Ford Federal Direct Loan Program (Direct Loans). For further information regarding private loan options contact Student Finance.
From 1 July 2012 Nursing programs at The University of Adelaide are not eligible for US Federal Student Aid. This applies to all Nursing programs within the School of Nursing.
The Bachelor of Medicine and Bachelor of Surgery is not a fully certified program of study for US Federal Student Aid. For further information contact Student Finance.
Who is Eligible?
To be (and remain) eligible for financial aid at The University of Adelaide, you must meet the following criteria:
- Be enrolled at least half-time in an eligible degree program (i.e. Bachelors, Masters by Coursework or Research program, MPhil or PhD)
- Have a high school diploma or a General Education Development (GED) Certificate, pass an Ability-To-Benefit (ATB) test approved by the US Department of Education, meet other standards your State establishes that the Department approves, complete a high school education in a home (US) school setting that is treated as such under US State law, or have satisfactorily completed six credit hours or the equivalent course work toward a degree or certificate
- Be enrolled internally at The University of Adelaide, on-campus (no distance, external or online courses)
- Maintain Satisfactory Academic Progress for US Federal Student Aid
- Be a citizen or eligible non-citizen of the United States
- Not be in default on any education loan or owe a refund on an education grant
- Not have been convicted of any offence under US State or Federal law involving the sale or possession of a controlled substance
- Be in compliance with Selective Service Registration requirements if you are male and between the ages of 18-25
- File a Free Application for Federal Student Aid (FAFSA)
- For PLUS loans, the borrower must pass a credit check as required by the US Department of Education
- Submit all documentation required by The University of Adelaide to verify your eligibility and determine your financial need
Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department), though most of the contact will be with your loan servicer.
With Direct Loans , you
- Borrow directly from the US Federal Government and have a single contact - your loan servicer - for everything related to the repayment, even if you receive Direct Loans at different schools.
- Have online access to your Direct Loan account information via your servicer's website.
- Can choose from several repayment plans, and you can switch repayment plans if your needs change.
Stafford Loans (Subsidised)
This loan is based on financial need as demonstrated to the US Department of Education. The US Federal Government pays your interest (subsidises you) while you are studying at least half-time, during the grace period and during an authorised period of deferment. Only Undergraduate students are eligible for the Subsidised Stafford Loan.
Repayments for the loan will commence:
- Six months after completion of your program
- If you withdraw from study, or
- If you drop below half-time enrolment
Stafford Loans (Unsubsidised)
This loan is not based on financial need and is available to all eligible students. With the unsubsidised loan, the student is responsible for paying the interest. Interest accrues immediately from the time of your first disbursement. Options for payment include:
- Making minimum monthly payments of the unpaid balance including interest, whichever is less while in school. This will save you a considerable amount and reduce your debt in the long run
- Deferring your interest and principal payments until you enter the repayment period (at which point this interest is ‘capitalised’). This option may increase your monthly repayment amounts when you leave university
The Grad Plus loan allows Graduate students to borrow funds to pay for educational expenses on their own or with an eligible co-signer.
- Loan requires the borrower to pass a credit check
- Before applying for this loan the borrower must first apply for and the school must determine the student’s eligibility for the maximum annual Stafford loan amount
- Repayment usually occurs 6 months after the student graduates, withdraws or drops below half-time enrolment
The Parent PLUS loan allows parents to borrow funds to pay for the educational expenses of their dependent undergraduate student.
- A credit check must be passed
- Interest begins to accrue when funds are disbursed and repayment begins within 60 days after the loan has been fully disbursed
The amount you can borrow is determined based on a number of factors including:
- whether you are a dependent or independent student
- what level or year you are studying
- the cost of attendance (COA).
- Expected Family Contribution
- Estimated Financial Assistance (any other student grants, loans or scholarships).
Below are the maximum limits of Federal Loans effective 1 July 2012 (loan amounts are quoted in United States Dollars [USD]).
Dependent Undergraduate Students Subsidised* Subsidised & Unsubsidised Combined 1st Year $3,500 $5,500 2nd Year $4,500 $6,500 3rd Year & up $5,500 $7,500 Aggregate limit for Dependent students: $31,000. Maximum $23,000 subsidised. Independent Undergraduate Students Subsidised* Subsidised & Unsubsidised Combined 1st Year $3,500 $9,500 2nd Year $4,500 $10,500 3rd Year & up $5,500 $12,500 Aggregate limit for Independent students: $57,500. Maximum $23,000 subsidised. Graduate/Professional Students Subsidised* Unsubsidised – $0 $20,500
Aggregate limit for Graduate/Professional students: $138,500. Maximum $65,500 Subsidised.
The maximum annual PLUS loan amount you can borrow is the Cost of Attendance less the Estimated Financial Assistance received (any other student grants, loans or scholarships).
Cost of Attendance
The Cost of Attendance (COA) is an estimate of your educational expenses based on your study period (award year), as determined by The University of Adelaide.
Allowable costs calculated in your annual COA are detailed below. These figures are reviewed and updated annually.
Component Explanation Amount Tuition Fees Based on your program of study – refer to your Letter of Offer Varies Living Allowance Includes room, board, personal expenses, local transportation, books & supplies (based on 9 month study period) $AUD20,300 Airfare One-off allowance for return travel from the United States $AUD2,500 Overseas Student Health Cover (OSHC) Visa length cover Varies Loan Fees The fees payable for Direct Loans taken Varies
Financial aid awarded to you under the Direct Loan program and/or or a private loan cannot exceed your Cost of Attendance.
If you believe that your Cost of Attendance calculation does not accurately reflect your actual Cost of Attendance, please submit your request for review with all supporting documentation to Student Finance. A review of Cost of Attendance will be made in accordance with US Federal regulations.
The Cost of Attendance is calculated in Australian Dollars (AUD) and converted to US dollars (USD). The Award Letter provided will include your Cost of Attendance calculation.
The US Federal Government transfers the loan funds to the University bank account in USD and are disbursed to the student in AUD. The University does not accept responsibility for the movement of exchange rates during the conversion from USD to AUD.
How to Apply
If you have applied to study at The University of Adelaide, to apply for US Financial Aid under the William D Ford Federal Direct Loan Program you need to:
- Complete the Free Application for Federal Student Aid (FAFSA) at the US Department of Education website FAFSA Free Application for Federal Student Aid . The school code for The University of Adelaide is G31000. Upon completion of the FAFSA you will be able to view and print your Student Aid Report (SAR).
- Notify Student Finance at The University of Adelaide of your intention to apply for US Federal Student Aid and confirm that you have completed the FAFSA. It is recommended that students initiate this process as early as possible before arriving in Australia.
- The University Financial Aid Officer will access your SAR, assess your loan eligibility, calculate your Cost of Attendance (COA) and eligible loan amounts.
- Subject to eligibility you will need to complete the loan entrance counselling and Master Promissory Note (MPN) at the US Department of Education website StudentLoans.gov .
- Graduate/Professional students or parents of a dependant undergraduate student applying for a Plus loan are required to complete a Master Promissory Note for Plus Loan. Eligibility for a Plus loan is subject to a satisfactory credit check. The result of the credit check should be available upon completion of the Master Promissory Note.
- Subject to loan eligibility notify Student Finance in writing of the loan amounts you wish to apply for and whether you are receiving any other student loans, grants or scholarships.
Delivery of Teaching
From 1 July 2006 students in receipt of US Financial Aid may not enrol in courses that contain any online or external component. Enrolment in a course that contains online or external delivery as the only method of delivery will make you ineligible for Federal Loans for the remainder of your program. Homework and assignment submission is not considered an online or external component for this purpose.
Satisfactory Academic Progress (US Federal Regulation 34 CFR 668.34)
It is the University's policy that students in receipt of US Federal Student Aid must maintain minimum standard of Academic Progress in accordance with US Federal regulations (34 CFR 668.34) to retain eligibility for further loans. In accordance with US Federal regulations standards are applied to both academic standing and the maximum timeframe to complete the program. Failure to maintain these standards could result in the suspension of your eligibility for US Federal Student Aid.
1. Academic Standing (Qualitative Component)
Coursework students receiving US Federal Student Aid must maintain a cumulative Grade Point Average (GPA) of 4.0 or greater to remain eligible for US Federal Student Aid.
2. Maximum Timeframe (Quantitative Component)
Coursework students are entitled to receive US Federal Student Aid for 150% of the standard program length, e.g. a student studying a 3 year degree program will be eligible for US Federal Student Aid for 4.5 years. If at any time it becomes mathematically impossible for a student to complete their program within the maximum timeframe (based on continuing full-time enrolment of 12 units per Semester, or 24 units per Academic Year) the student will become ineligible for further US Federal Student Aid from the term of enrolment when it is determined completion within the maximum timeframe is no longer possible.
Students enrolled in Bachelor of Medicine and Bachelor of Surgery, Bachelor of Dental Surgery or Bachelor of Oral Health are reviewed for Satisfactory Academic Progress at the end of each Academic Year.
Students enrolled in a Masters by Research or a PhD are required to maintain satisfactory academic progress as determined by their Academic supervisor. For further information on Satisfactory Academic Progress and eligibility for US Federal Student Aid for Research students contact Student Finance.
Financial Aid Warning and Suspension
Students who fail to attain the Academic Standing requirement will be placed on Financial Aid Warning and will be notified in writing. Financial Aid Warning will cover one term of enrolment. Students remain eligible for US Federal Student Aid whilst on Financial Aid Warning.
Students on Financial Aid Warning who, during the term of enrolment, attain the Academic Standing Requirement will have the Financial Aid Warning lifted and will be notified in writing.
Students on Financial Aid Warning who do not attain the Academic Standing requirement during the term of enrolment will be suspended from receiving US Federal Student Aid and will be notified in writing. Further eligibility for receiving US Federal Student Aid will be subject to attaining the Academic Standing requirement.
If a student enrolled in Bachelor of Medicine and Bachelor of Surgery, Bachelor of Dental Surgery or Bachelor of Oral Health receives an At Risk Notification for failing a Year Examination (Unsatisfactory Academic Progress) they will be notified in writing that they have not met the qualitative component of Satisfactory Academic Progress and are placed on Financial Aid Warning for the following Academic Year. The student will remain eligible for Federal Student Aid while on Financial Aid Warning. If the student subsequently attains Satisfactory Academic Progress in the following Academic Year the student will be notified in writing that the Financial Aid Warning has been lifted. If the student does not attain Satisfactory Academic Progress in the following Academic Year the student will be notified in writing that they are suspended from receiving further US Federal Student Aid. The student will not become eligible again for US Federal Student Aid until the student has attained Satisfactory Academic Progress.
Students who exceed the Maximum timeframe, or at any time it becomes mathematically impossible for the student to complete the program within the maximum timeframe (based on continuing full-time enrolment of 12 units per Semester, or 24 units per Academic Year) will be suspended from receiving further US Federal Student Aid. A student who is suspended from receiving further US Federal Student Aid will be notified in writing.
The University does not accept appeals for removal of suspension of eligibility for US Federal Student Aid due to failing to attain Academic Standing (Qualitative Component) after having received a Financial Aid Warning or failing to meet the Maximum Timeframe (Quantitative Component) of Satisfactory Academic Progress.
When and how will my loans be disbursed?
The Federal Student Aid funds awarded will be scheduled for disbursement not more than 10 days before the start date of the study period. It will take between 3-5 business days from the date of disbursement for the funds to be deposited into the University bank account in US Dollars. It will take a further 3 business days for the University to convert the funds into Australian dollars and credit your student account.
The student will be notified when the funds have been credited to the student account and the amount eligible to be refunded for living and other expenses after tuition and other fees due are deducted. The student will be requested to complete a Refund Request form with the student’s bank details for the eligible amount to be refunded. The refund will be processed within 14 days.
The US Department of Education will deduct origination fees from each disbursement. The fees vary depending on the type of loan. Information on origination fees and rebates are included in the Entrance Counselling completed at StudentLoans.gov.
The Federal Student Aid funds will be disbursed in two equal disbursements for a standard two semester enrolment. If your study plan includes enrolment in non-standard terms contact Student Finance for further information on the timing of disbursements.
Further information on refunds is available at Refunds.
If I decide to withdraw or reduce my study load what do I need to do?
If you decide to withdraw from your program or reduce your study load you must contact Student Finance immediately. Information about withdrawing from your program is available at Conditions of Enrolment.
Return of Title IV Funds (US Federal Regulations 34 CFR 668.22)
It is the University's policy that a withdrawal from your program will require a Return of Title IV Funds calculation and will be considered in accordance with the US Federal regulations (34 CFR 668.22) for Return of Title IV Funds and the University refund procedure.
If you withdraw from your program before 60% of the study period (term of enrolment) has passed, or otherwise become ineligible for US Federal Student Aid funds may need to be returned to the US Department of Education in accordance with the regulations (34 CFR 668.22) for Return of Title IV Funds.
The date of withdrawal will be determined in accordance with US Federal regulations and will be the date used to perform the Return of Title IV funds calculation.
If it is determined that funds must be returned to the US Department of Education, the distribution of funds will be as follows:
- Stafford Unsubsidised
- Stafford Subsidised
- Direct Parent PLUS
- Direct Grad PLUS
First-time, first-year undergraduate students who have not completed the first 30 days of their program before they withdraw, will not receive any US Federal Student Aid that would have been received had the student remained enrolled past the 30th day.
Return of Title IV Funds consumer information and examples of Return of Title IV funds calculations are available to students upon request to Student Finance.
I plan to take a Leave of Absence from my program. Will this affect my Financial Aid?
A Leave of Absence (LOA) in a student’s program of study must meet certain conditions in order not to be determined as a withdrawal from the program.
If a Leave of Absence does not meet US regulatory requirements (34 CFR 668.22(d)) the student is considered to have ceased attendance and to have withdrawn from the program. A Return of Title IV Funds calculation would be performed to determine if funds must be returned to the US Department of Education.
For an approved Leave of Absence to not be determined as a withdrawal:
- The Leave of Absence must not exceed a total of 180 days in any 12-month period. The 12-month period begins on the first day of the student’s break from study; and
- There must be a reasonable expectation that the student will return from the Leave of Absence.
If a student on an approved LOA fails to return or takes an unapproved LOA for Title IV loan purposes, The University of Adelaide must report the student’s change in enrolment status with the withdrawal date being the first day of the student’s LOA.
Students should be aware of the possible consequences that not returning from a LOA may have on their student loans. This may include exhausting the grace period on the student’s loan repayment terms.
A student who is considering a Leave of Absence, temporary interruption or break in their studies should contact their program adviser and Student Finance.
US Constitution Day
Constitution Day commemorates the formation and signing of the US Constitution on 17 September 1787. US Citizens are encouraged to celebrate this day each year. Information regarding celebrations and activities can be found at The National Archives .
Cohort Default Rate
The US Department of Education calculates cohort default rates (CDR) annually to determine the percentage of Federal Student Aid borrowers at each University who default on their loan repayments. The Cohort Default Rate for The University of Adelaide for the 2012 fiscal year is 3.7%.
Leaving the University - Exit Counselling
Before you leave the University or graduate you are required to complete loan exit counselling. The loan exit counselling provides important information regarding your rights and responsibilities under the William D Ford Federal Direct Loan Program (Direct Loans) after you have left the University and enter repayment. Loan exit counselling provides repayment information and options including consolidation, when repayment begins, solutions to repayment problems, implications of defaulting on loan repayments and estimating your budget. For further information and to complete the loan exit counselling visit the US Department of Education website StudentLoans.gov .
Students can access their Direct Loan information from the US Department of Education website NSLDS Student Access .
Private student loans are available to United States citizens or eligible non-citizens through the Smart Option Student Loan with Sallie Mae. If you require further information, contact Student Finance.
Please find information here in regards to The University of Adelaide's Consumer Information disclosure.
- Post 9/11 GI BILL for US Veterans
Each program of study must be approved by the US Department of Veterans Affairs upon request from the University. If you are considering accessing benefits under the POST 9/11 GI BILL it is recommended that you contact Student Finance as early as possible in the application process to study at The University of Adelaide.
- Canadian Student Loan Program
Canadian students may be eligible to apply for student loans from their provincial government in Canada. Students apply directly to the relevant institution in Canada. The institution may require Program Information Forms or Confirmation of Enrolment documentation to be certified by the University. This documentation should be forwarded to Student Finance for completion. Any enquiries may be directed to Student Finance.