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    May 1, 2025

    A Quick Guide to U.S. Student Loans at the University of Calgary

    So, you’re thinking about studying at the University of Calgary, eh? That’s exciting! Whether you’re drawn to Calgary’s stunning landscape, its welcoming community, or the opportunities that await you here, we know that financing your education abroad can be a big question mark. Don’t worry—we’ve got you covered. Here’s everything you need to know about U.S. student loans and the funding options available to make your dream of studying in Canada a reality.

      

    Funding Options for U.S. Students

    As a U.S. citizen or permanent resident, you’re eligible for a variety of financial resources to help fund your studies at UCalgary. Here’s an overview of the key options:

    1. William D. Ford Federal Direct Loans
    The William D. Ford Federal Direct Loan program is one of the most straightforward options for U.S. students. Here are the different types:

    • Direct Subsidized Loans: Available for undergraduate students who demonstrate financial need. These loans can help cover tuition, living costs, and more.

    • Direct Unsubsidized Loans: Available to undergraduate students, regardless of financial need. This gives you more flexibility, so you can use the funds for a range of expenses.

    • Parent PLUS Loans: These loans are for parents of dependent undergraduate students, helping cover additional educational costs.

    Although UCalgary can’t disburse U.S. Pell Grants (a restriction that applies to all foreign schools), the Direct Loan programs are still a great option to get your funding in place.
     

    For Dual Citizens: Exploring the Canada Student Loans Program

    If you’re a dual citizen of both the U.S. and Canada, you’re in an excellent position. Before diving straight into U.S. federal loans, take a moment to consider the Canada Student Loans program. As a Canadian citizen, you might find more favorable terms and a cost-effective way to fund your education. This could be a great option to explore if you want to maximize your financial aid opportunities.

      

    Other Loan Options You Might Consider

    If federal loans don’t cover all your expenses—or if you just need a bit of extra support—there are a couple of private loan options to keep in mind:

    Sallie Mae: If you find you need more funding than your federal loans provide, Sallie Mae offers flexible private loan options with customizable terms.

    Earnest: Known for its simplicity and competitive rates, Earnest offers private loans with personalized service, so you can feel supported throughout the process.

    These private lenders can help fill in the gaps if federal loans alone won’t cover everything.

     

    How to Apply and Get the Support You Need

    We know the application process can be overwhelming, but don’t worry—we’re here to help. If you have questions about the loan process or how much you can borrow, the UCalgary U.S. Loans team is ready to guide you every step of the way. Reach out to them at usloans[at]ucalgary.ca for support tailored to your specific needs.
     

    Final Thoughts: Your UCalgary Adventure Awaits

    Studying at the University of Calgary is an exciting opportunity, and securing the right financial support is an important first step in making that dream a reality. With options like federal loans, private loans, and support from our dedicated U.S. Loans team, you’ll have everything you need to succeed.

    Remember, you’re not alone in this. Our team is here to help you navigate the funding process and answer any questions along the way. We’re excited to see you embark on this next chapter and can’t wait to welcome you to Calgary.

      


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