US Financial Aid - US Students Only
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UniSA became a "Deferment Only" institution from September 2009. This means that UniSA
can no longer certify US federal student loans (eg. the Direct Loan program).
If you wish to apply for funding as a US student, you may be eligible for a private loan. The only private lender currently available to US students studying at UniSA is Sallie Mae. See
here for further information.
If you are successful in obtaining a private loan, UniSA will generally receive two separate cheques (made out to you and the University) coinciding with the commencement date of your study periods. UniSA will contact you upon receipt of these cheques.
If you make any changes to your enrolment (eg. leave of absence or withdrawal), please
contact us as soon as possible.
UniSA can also approve deferments for students who have already received US Federal Student loans. Therefore, if you have received a US Federal Student loan and are enrolled at UniSA on at least a half-time basis, you can apply to defer repayment of those loans. Please contact your lender for the appropriate forms, which can then be certified by UniSA.
Please be reminded that any funds you receive are loans that must be repaid. It is therefore very important that you understand your rights and responsibilities as a borrower.
Useful resources include:
-
Your Federal Student Loans handbook (pages 8-9) for information about the difference between private loans and federal student loans.
-
Fact Sheet for information about private loans and consolidation as well as advice on recognising deceptive loan practices.
-
American Student Assistance (ASA) website - while ASA no longer provides loans to US students at UniSA, they have a wide range of resources to help you manage your loans.
Although UniSA no longer participates in the US federal student loan program, it is required by US legislation to publish its Cohort Default Rate (CDR).
The CDR is a calculation made by the US Department of Education and is the percentage of students who attended an institution, received federal student loans at some point during their studies and later defaulted on the repayment of their federal loan within a certain period.
UniSA's CDR is currently 0.0%.
For further information please contact:
Natalie Grant
International Coordinator (Compliance)
Level 1, 101 Currie Street
Adelaide, South Australia 5000
Phone: +1 61 8 8302 0968
Fax: +1 61 8 8302 9121
Email: natalie.grant@unisa.edu.au

