If you withdraw from your studies and have been awarded Stafford loans, then the University must calculate how much needs to be returned to your lenders. Details on the University’s refund policy for US loans students can be found here.
A Leave of Absence (LOA ) is a temporary interruption in a student’s programme of study. A LOA cannot exceed 180 days in any 12-month period and may have a serious impact on a student’s financial aid. Any student considering requesting a LOA who is in receipt of US Loans should consult with the Financial Aid Office to determine how their financial aid will be affected. Details on the University’s Policy for a Leave of Absence can be found here.
It is a statutory requirement that students awarded Stafford loans are considered to be making Satisfactory Academic Progress in order for the disbursement of loans to continue. Details on the University’s policy for Satisfactory Academic Progress for US loans students can be found here.
Consumer Disclosure Information
Institutions that offer US federal student loans are required by the US government to disclose the following consumer information.