Types of Federal Loan

Federal Loans Available

There are three types of loan available to students through the Federal program. These are the Direct Subsidized, Direct Unsubsidized and Direct PLUS loans.

The One Big Beautiful Bill Act was signed into US law in July 2025, and will result in changes to federal student aid for those studying in the 2026/27 academic year onwards. The types of loan and the amount you may be able to borrow is dependent on when you enrolled in your programme, and whether you are a graduate or undergraduate student.

Students who began their current programme before 1 July 2026 are eligible for the following:

Undergraduate – Direct Subsidized, Direct Unsubsidized and Parent PLUS - the Parent PLUS loan is credit-based for Parents of dependant undergraduate students who wish to take out loans in their names to help with their children's education.

Postgraduate – Direct Unsubsidized and Grad PLUS - postgraduate students are able to take out a Grad PLUS loan which is credit based.

Under The One Big Beautiful Bill Act, students who began their current programme after 1 July 2026 are eligible for the following:

Undergraduate - Parent PLUS - the Parent PLUS loan is credit-based for Parents of dependant undergraduate students who wish to take out loans in their names to help with their children's education. For students starting their programme on 1 July 2026 or after, Parent PLUS loans will be capped at $20,000 per student per year, with a $65,000 lifetime limit per dependent student.

Postgraduate - Grad PLUS loans will be phased out beginning on 1 July 2026; beginning on that date, new Grad PLUS loans will not be available for new borrowers or those on new programmes.

Students who are unable to make up their whole cost of attendance through Federal Loans will need to look at other sources of funding.

PLUS loans are credit based.

Please be aware that we cannot accept Pell Grants or Perkins Loans.