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Queen's University
 

Applying For and Processing U.S. Student Loans

Funding your Education:  The Guide to Federal Student Aid is a comprehensive resource for U.S. Federal Student Aid.  Students (and parents) are encouraged to visit this site.  Students who are U.S. citizens, eligible non-citizens and who are enrolled in at least half timein an eligible degree program can apply.  For eligibility requirements please refer to the Guide to Federal Student Aid.

STEP 1 - HOW TO APPLY FOR DIRECT STUDENT/PLUS LOANS

Complete the Free Application for Federal Student Aid (FAFSA) (the Federal School code for Queen's University is G06679). We recommend that you submit your FASFA prior to 1 July to ensure that the first installment of your funds will be available for September.


We will begin processing loan applications in early July.  You will receive an email from the Student Awards Office confirming loan amounts.


Students who are enrolled in the Nursing program, or who are enrolled in any on line distance learning courses, are not eligible to receive federal US loan funding.

 

FAFSA 

Reminder:  Utilize the IRS Data Retrieval Tool when completing the FAFSA on the Web. FAFSA completion is easier and more accurate when the IRS Tool is used (to access the IRS Tool, you will require your FAFSA PIN).  IRS Data Retrieval also simplifies the verification process since it can be used to update income information.

 

For further instructions you may visit the FAFSA Tutorial - 7 Easy Steps to completing FAFSA.


STEP 2 - APPLY FOR DIRECT STUDENT/PLUS LOANS

To apply for Direct Student/Plus Loan go to StudentLoans.gov.  Sign your Master Promissory Note (MPN) and complete your Entrance Counselling and Financial Awareness Counselling. 

 

StudentLoans.gov 
To access this site you will require the PIN that you used when you completed your FASFA.

Parents or Graduate Students will complete the PLUS or GRAD PLUS request if applying for these loans.


STEP 3 - ISSUING OF FUNDS

Once your Direct loan is approved the funding will be disbursed in two equal installments (three equal installments for Graduate students) early fall and early winter.  The disbursement will be sent by the US Department of Education to Queen’s University using Electronic funds transfer (EFT). 

 

The disbursement will be applied directly to the student fee account.  The student will receive an email confirming receipt of the disbursement. 

 

Once the student account has been paid in full any excess funds will be sent using EFT to the student’s Canadian bank account within 2–4 business days.

 

The student must provide their Canadian banking information on SOLUS before the excess will be refunded.

 

If you are receiving a Parent Direct Plus loan this amount will be applied to the student fee account.  Once the student account has been paid in full, we will refund any excess to the student’s Canadian bank account.


STEP 4 - EXIT COUNSELING

The U.S. Department of Education requires all U.S. citizens receiving Direct Loans to participate in Exit Counseling shortly before they graduate, withdraw, or cease to be enrolled in at least half time1.

 

Go to studentloans.gov to complete Exit counseling. The link can be found under "Complete Counseling" once you sign in.  Information on repayment of your student loans is available on the Repayment Information section of the Federal Student Aid website.

 


1 half time: Undergraduate students registered in 15 credit units over the Fall Winter term or 9 credit units if attending one term only, or Graduate students registered as part-time.

Kingston, Ontario, Canada. K7L 3N6. 613.533.2000