Direct Loans

What support is available?

An American National or permanent resident can apply for a loan if you have accepted an offer of a place at The University of Geneva. We are an eligible institution and our school code for direct loans is G06715.

There are various loans an American student can apply for.

Satisfactory Academic Progress

All students applying for or receiving US Federal Aid (subsidized, unsubsidized and PLUS) must progress satisfactorily towards completion of a chosen academic program in order to remain eligible to receive US loan support. The guidelines below have been established to encourage students to successfully complete the academic program they attend and continue to receive financial aid.

A student:

• Should remain at least a half time student

• Should pass the course/modules with a minimum grade of 4 to confirm they are making satisfactory progression.

The Satisfactory progression to retain Financial Aid is entirely separate from the academic requirements to remain on the course and does not guarantee the outcome of the student’s course. Satisfactory Academic progress will be checked before any loan funds are released to a student.

Financial Aid Probation and/or suspension

Should a student not meet the above mentioned procedures for Satisfactory Academic Progression, the university has agreed to place students on probation for the following term, until more credit marks become available or the failed module can be re-sat. The loan consultant of the university would confirm any probation or suspension period in writing with the individual student should this situation arise.

If the student does not achieve satisfactory progress within the allotted timeframe, the student may lose their entitlement to US Loan support.

Tuition Refund Policy

If a student who receives financial aid withdraws from the institution, the university will recalculate your Financial Aid eligibility based on the period of attendance. As a result you may be required to pay back money to the US federal Government from the Federal Stafford subsidized and unsubsidized or PLUS loans you may have received. The institution may also have to repay any funds received for tuition to the US Federal government. As such you may be requested to make an additional fee payment to the school to replace these funds.

Pro-rata refund calculations apply for any student who withdraws within 60% of the payment period. If a student withdraws prior to completing 60% of each payment period, the university will calculate the amount of funds to be returned based on your period of attendance for that specific term. The last date of attendance will be the date confirmed by the program office and the calculations undertaken are those that are set by the Department of Education in the US and cannot be altered.