Direct Lending

Memorial University is an eligible foreign institution for U.S. Financial Aid and the Federal Code is G09500.

Steps to Apply

Students from the U.S. who are interested in participating in the Stafford (Direct Lending) Program should contact the Scholarships and Awards Office at The following INFORMATION SHEET is helpful in determining the first steps for students interested in the Direct Lending

U.S. Student Loan Processing Deadlines for 2015/16

For Fall 2015, the FASFA, Master Promissory Note (MPN) and Entrance Counselling (for new applicants) should be submitted by June 15/15 to allow sufficient time for processing.   

Final Deadline - To ensure federal aid is credited to a student's account before the end of the semester, all information should be submitted no later than 30 days before the last day of classes.

Eligible Programs

All bachelor's master's and PhD programs are eligible for Direct loan programs, while certificate and diploma programs are not eligible.  

Memorial University students going on an exchange can receive U.S. Direct loans only is the exchange school is located outside of the United States and participates in the U.S. Direct Loan program.     

SAP Policy

U.S. Department of Education regulations provide specific requirements for Satisfactory Academic Progress. Each institution approved to disburse Title IV Aid must formulate and follow a SAP policy. SAP is a measure of whether a student is progressing adequately toward completion of his or her course of study. Students must be meeting the SAP guidelines to continue receiving Direct Loans at Memorial. Please review the following policy carefully:


Return to Title IV (R2T4) Policy

If a student receiving Title IV aid withdraws during the semester, the institution must determine if these funds are required to be returned to the U.S. Government.  Please reiew the following policy carefully:


Exit Counselling

You must complete Exit Counselling and begin repayment of your student loans when you leave your studies (graduation, withdrawal or course load reduction to less than half-time).

Educational In-School Deferment

You may request deferment of repayment of U.S. student loans using the In-School Deferment Request form. Submit your signed form to Enrolment Services for completion.

Other U.S. Loan funding

Sallie Mae Smart loan

Vermont Student Assistance Corp. (VSAC)

USDL Consumer Information

As per the Higher Education Opportunity Act (HEOA) of 2008, the U.S. government requires institutions offering U.S. Direct Loans to disclose consumer education

For Additional Information

If you require further information about the information contained oin this page, please email us at

Important information from the U.S. Department of Education:

  • Students studying at Memorial are eligible only for the Direct Loan portion of financial aid. Students cannot receive grants such as Pell for study at Memorial.

  • Students receiving Federal Student Aid cannot enroll in any distance courses. The Department of Education deems that a program of education that is offered by a foreign institution (schools outside of the United States) in whole or in part by telecommunications is not an eligible program. Therefore, student’s enrolled in such courses or programs will not qualify for FSA funds.

  • A student with an intellectual disability is eligible for Federal Pell, FSEOG, and FWS grants only. A student with an intellectual disability is ineligible for Title IV Direct Loans. Because students studying at Memorial are ineligible for federal grant programs, a student with an intellectual disability is ineligible for any funding (loan or grant) from the U.S. Department of Education while studying at Memorial. For more information from the U.S. Department of Education, please see the following link.
  • Medicine and Nursing students do not qualify for Direct Lending
  • All courses taught through Queen's College, the Harlow campus, and the Frecker Institute do not qualify for Direct Lending
  • As of July 2012, graduate students no longer qualify for subsidized Direct Loans. 100% of graduate Direct Loans are now unsubsidized

Please note, Graduate Students partcipiating in Direct Lending are not eligible for Scholarship Payroll Deductions.