Notice of change of status for US Federal Loan Program
Information regarding the University's withdrawal of participation in the Federal Loan Program and what this means for students and applicants.
Please read the information below for more details and continue to check this webpage for further updates.
Current Students
Expecting further loan payments this academic year (2023/24)
Please be reassured that any remaining loan disbursements for the 2023/24 academic year will continue to be honoured.
Graduating in summer 2025
Queen Margaret University will award and disburse direct loans and process loan deferments under the Federal Loan Program for current students during the 2024/25 academic year. This means that if you are already receiving funds from the Federal Loan Program in 2023/24 and plan to renew for the 2024/25 academic year, you can continue to do so.
Graduating in summer 2026 or later
At this moment in time, for academic years 2025/26 and beyond you will not be able to apply for funding through the Federal Loan Programme. Queen Margaret University will update this page if it re-joins the Federal Loan Program in the future.
You may wish to consider Sallie Mae as an alternative source of loan provider. QMU is not connected to this company and you should consider their terms and conditions before applying.
About to graduate and apply for a postgraduate course
If you are considering continuing to study with us on a different programme after you graduate this summer, the Federal Loan Program considers you to be a new student and unfortunately you will not be eligible to apply for any additional loans from the Federal Loan Program.
You may wish to consider Sallie Mae as an alternative source of loan provider. QMU is not connected to this company and you should consider their terms and conditions before applying.
Questions about repaying my loan
Please speak directly to your guaranty agency for loan repayment advice.
Applicants
Applied to study in September 2024 or January 2025
Queen Margaret University is no longer authorised to award or disburse direct loans for new students or process any loan deferments under the Federal Loan Program.
You may wish to consider Sallie Mae as an alternative source of loan provider. QMU is not connected to this company and you should consider their terms and conditions before applying.
Possibility of US Federal Loan funding in the future
Queen Margaret University is currently considering its position with regards to the US Federal Loan Program. Please continue to check this webpage for further updates.
For more Information and Guidance
If you have any queries or concerns about any of the information on this page, or require more information relating to the university, financial aid, completion rates, graduation rates, school security policies or crime statistics, please contact Jo Torcy, Senior Registry Officer, via email jtorcy@qmu.ac.uk or usloans@qmu.ac.uk.
