Application for a loan

Direct Loan Application Checklist

New students

Current students

Apply to study at the University of Melbourne

Y

-

Re-enrol in your degree course

-

Y

Complete Entrance counselling

Y

-

Complete the University of Melbourne Direct Loan Application Form

Y

Y

Complete Free Application for Federal Student Aid (FAFSA) (University of Melbourne Federal School Code: G08505)

Y

Y

Complete Direct Stafford Subsidised/Unsubsidised Loan Master Promissory Note (MPN) (Students studying at foreign schools are required to complete a new Master Promissory Note for all new loans.)

Y

Y

If you are intending to apply for Direct Parent or Graduate PLUS loans you must also:

  

Complete Direct Parent or Graduate PLUS Loan Master Promissory Note (Students studying at foreign schools are required to complete a new Master Promissory Note for all new loans.)

Y

Y

Complete Online PLUS Application (this is a credit check which expires   after ninety days)

Y

Y

New students

After you have submitted your US Direct Loan application to the University, you can accept your course offer with a reduced tuition deposit of $1,500 plus the cost of Overseas Student Health Cover as stated in your course offer.

Once we have calculated your loan eligibility, you receive a loan estimate via email and are required to confirm the amount you wish to borrow.

You will not receive any aid until after subject enrolment is confirmed (usually within a month of course commencement). The upfront deposit and OSHC payment is reimbursed through loan disbursements.

After you have accepted your course offer, we will finalise your Federal Student Aid loan(s) and you will receive a confirmation email/award letter detailing your Cost of Attendance and approved Federal Student Aid loan package.

See the information on Planning for your arrival.

Current students

Once we have calculated your loan eligibility, you receive a loan estimate via email and are required to confirm the amount you wish to borrow.

Students who have failed subjects or are missing results may experience a delay in the processing of their loan renewals until satisfactory academic progress can be confirmed.