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Direct Loans are available to US students studying at least half-time (three or more 3.00 credit courses per term) in an eligible degree-granting program. Students enrolled in a certificate program, Nursing, Medicine (MD program), Veterinary Medicine (DVM program) and Open Studies are not eligible for direct loans. Open Studies students should explore options through theÌý. Direct loan borrowers may not take any exchange, group study or online delivery courses while completing their degree program

Loan maximums are limited by a borrower's year of study. Students can obtain direct loans to cover their calculated cost of attendance, up to the following maximums:

You can apply for direct loans by following these easy steps:

1. Complete theÌý, the Áù¾ÅÉ«ÌÃ's school code is G07874
2. If you're a first-time loan borrower, completeÌý
3. E-sign yourÌý, this must be done annually
4. Complete and submit the 2024-2025ÌýUCalgary US Loan Application.Ìý

Complete applications (all required documentation must be submitted before an application will be considered complete) will be assessed within 15-20 business days. Some applications may take longer due to flags or verifications from the FAFSA.

If you're approved, you'll be e-mailed a Notification of Funding Eligibility letter outlining loan amounts and disbursements. Loan applications received prior to August 1 will be disbursed on the following schedule:

• Disbursement 1: September (October for first year, first-time borrowers)
• Disbursement 2: January
• Disbursement 3: May (graduate students only)

Loan applications take 15–20 business days to assess. You should begin the loan process early to ensure loan funds are disbursed in time for fee payment deadlines.

To guarantee disbursement in September, you must submit your application no later than August 1.

All applications submitted after this date will be assessed within the regular 15–20 business day assessment time-frame.

Applications will be accepted up to 30 days prior to the last date of studies.

Smart Option loans are available to US students:

• Attending school full-time, half-time, or less than half-time, or taking prerequisite classes
• Taking a full class load, just a few classes, enrolled in a winter or summer term, or studying abroad
• Who still need funds after maximizing grants, scholarships, and federal student loans
• Seeking a professional certification or enrolled in a continuing education program
• Taking courses that do not qualify for federal student loans

Upon approval from Sallie Mae, you can borrow funds up to their full cost of attendance, minus any available resources and previous funding (i.e. loans, scholarships, etc).

You can apply for loans by following these easy steps:

1. Complete an application throughÌý. The Áù¾ÅÉ«ÌÃ's school code is G07874.

Approved students will be e-mailed a Notification of Funding Eligibility letter outlining loan amounts and disbursements. Loan applications received prior to August 1 will be disbursed on the following schedule:

• Disbursement 1: September (October for first year, first-time borrowers)
• Disbursement 2: January
• Disbursement 3: May (graduate student only)

Loan funds are disbursed in the form of a paper cheque mailed by Sallie Mae to the Registrar's Office. Once the cheque arrives, students will be emailed to endorse the cheque for processing.

Loan applications take 15-20 business days to assess. Students are encouraged to begin the loan process as early as possible to ensure loan funds are disbursed in time for fee payment deadlines.

To guarantee disbursement in September, students must submit their application no later than August 1. All applications submitted after this date will be assessed within the regular assessment timeframe. Applications will be accepted up to 30 days prior to the last date of studies.