Cost of Attendance (CoA)

The Cost of Attendance (COA) will be provided to you on your Financial Aid Letter you once you have completed your FAFSA. The CoA is an estimate of your educational related costs for the academic year less any scholarships that you have been awarded (from any source).

GCU will provide a 5% early payment discount which is calculated after all other GCU scholarships are deducted from tuition fees to all Title IV eligible students without regard to when their charges are paid

For further information on GCU and external Scholarships please see below

https://www.gcu.ac.uk/study/scholarships/

https://myglobaled.com/scholarships-at-foreign-schools/

The CoA for students studying at Glasgow Caledonian University (GCU) is set by the Student Funding Team and is increased in line with inflation for each academic year. These educational costs relate only to you, the student. These costs cannot include costs for partners or children (other than childcare or nursery costs). These broad based costs can be broken down as follows as a guide as to how much you may need for your year of study: 

The Cost of Attendance consists of two elements:

  • Tuition costs
  • Living costs

Please note, whilst your CoA can include Travel, we cannot issue loan payments before the beginning of the academic year so you should not rely on your first payment to finance your travel to GCU Glasgow or GCU London

If you are eligible for a Subsidized loan, your Expected Family Contribution (EFC) will also be deducted from a CoA figure to establish your ‘financial need’

For the academic year 2021/22, the cost of attendance exchange rate will be 1.50.

The maximum Cost of Living paid to students (with no dependents) in 2021/22 are below

Direct Loans incur fees and interest and must be repaid so do not borrow more than you need

Breakdown of Costs Undergraduate

 

Glasgow

Per week (32 weeks total)
Rent 150      (£4, 800 total)
Utilites/ Food 100      (£3,200 total)
Travel Expenses 20        (£640 total)
Books/Computer Equipment 30        (£960 total) 
Personal 70        (£2,240 total)
Flights home (2 per year) £2000
Total

£13,840 per year

and loan origination fee and visa and IHS surcharge for 1st year students only
Loan Origination fee 1.1% for Subsidised and Unsubsidised Direct loans
Visa/  International Health surcharge fee 1st year students only

£470 per year IHS £1,880 in total

£348 visa application charge applying from outside UK 

 

Breakdown of Costs Postgraduate

 

Glasgow

Per week (48 weeks)

London

Per week (48 weeks)
Rent 150             (£7, 200 total) 260       (£12,480 total)
Utilites/ Food 100             (£4,800 total) 110       (£5,280 total)
Travel Expenses 20               (£960 total) 40         (£1,920 total)
Books/Computer Equipment 30               (£1,440 total) 30         (£1,440 total)
Personal 70               (£3,360 total) 90         (£4,320 total)
Flights home (2 per year) £2000 £2000
Total

£19,760 per year

and loan origination fee and visa and IHS surcharge for 1st year Postgraduate students only

£27,440 per year

and loan origination fee and visa and IHS surcharge for 1st year Postgraduate students only
Visa/  International Health surcharge fee 1st year students only

£470 per year IHS

£348 visa application charge applying from outside UK 

£470 per year IHS

£348 visa application charge applying from outside UK

Loan Origination fee

1.1% for Unsubsidised Direct loans

4.25% for Direct Plus loans

1.1% for Unsubsidised Direct loans

4.25% for Direct Plus loans

 

Tuition fees

If you have arranged sufficient loan funds, we will deduct this equally from your loan disbursements to pay your fee in full.

If your loans are less than the tuition fee, we will estimate how much will be received in sterling and ask you to make up any shortfall which you can do through a payment plan with our Finance team

Most students will need a combination of Direct Loans (Subsidized, Unsubsidized and PLUS loans) to cover the full CoA.

Accommodation costs

You are responsible for paying your own accommodation costs. For students living in University accommodation we will deduct this equally from your loan disbursements to pay your fee in full

Please note: Essential medical costs and additional course costs can be added if evidence is provided.

Dependant costs

The US Dept. of Education does not allow additional lending for a spouse. However, if you have dependent children the regulations will allow for the cost of childcare whilst you are attending your studies.  Please note that this is the only cost allowed for dependents.

Contact us if you have dependents and need to include the cost of registered childcare in your Cost of Attendance.

Disbursement of aid is conditional upon the following:

  • Maintaining satisfactory academic progress
  • Enrolled at least half time (at least 50% of a full study load)
  • Studying outside of the USA
  • Compliance with all US Federal regulations (Selective Service Registration for male students, repayment default, fraud, drugs etc.)

You will receive notification when funds are due for disbursement. Those wanting to cancel or reduce disbursements must make requests to USfederalloansadmin@gcu.ac.uk

Loan Entitlement

The following formulas are used to calculate loan entitlements:Direct Subsidized Loan eligibility

 

Direct Subsidized Loan eligibility = CoA - (EFC + EFA)*
Direct Unsubsidized Loan eligibility = CoA - EFA (inc. Direct Subsidized Loan)*
Direct PLUS Loan eligibility = CoA - EFA (inc. Direct Subsidized, Unsubsidized and any other expected funding) 

*Within maximum annual and aggregate loan borrowing limits. 

 

Stafford Loan Limits
Year of Study Annual Subsidised Annual Total Combined Loans
(Sub & Unsub)
Aggregate Subsidised Aggregate Combined Loans (Sub & Unsub)
Undergraduate Dependent Students
Year 1 $3500 $5500 $23000 $31000
Year 2 $4500 $6500 $23000 $31000
Year 3+ $5500 $7500 $23000 $31000
Undergraduate Independent Students
Year 1 $3500 $9500 $23000 $57000
Year 2 $4500 $10500 $23000 $57000
Year 3+ $5500 $12500 $23000 $57000
Graduates & Professional Students
All Years $0 $20500 $0

$57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.

$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

Loan Types, Amounts and Repayments

There are different loans available depending on whether you are an undergraduate or postgraduate student. There are also different types of loans available to undergraduate students depending on your dependency.

Subsidized Loans

Subsidized loans are only available to undergraduate students with demonstrated financial need, as determined by federal regulations. No interest is charged whilst you are studying at least half-time, during the grace period (the first 6 months after you finish University) and during deferment periods (a postponement of loan payments).

 Unsubsidized Loans

Unsubsidized loans are available to undergraduate and postgraduate students. They are not based on financial need. Interest is charged during all periods.

Parent PLUS Loans

Parent PLUS loans are available for parents of undergraduate students who are classed as dependent. Parents can borrow up to the total estimated Cost of Attendance as issued by Glasgow Caledonian University. Parent PLUS loans are the responsibility of the parent and not the student.

Graduate PLUS Loans

Grad PLUS Loans are available for postgraduate students. A graduate may borrow up to the total estimated Cost of Attendance as issued by Glasgow Caledonian University.

Private Loans

Private Loans are not federal loans but are available to most US citizens.

Students studying in the UK are not eligible for Perkins Loans or Pell Grants.

Fees and Interest Rates

Origination Fees

Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while enrolled in school. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. Origination fees change each year.

Interest Rates

The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. Interest rates change each year from the 1st July. 

US Federal Aid Information

These webpages provides students with information on all US Student Federal Aid including: