Worked Examples of Loan Combinations
Total amount borrowed | Stafford | PLUS* | 1st Disbursement | 2nd Disbursement | 3rd Disbursement |
55000 (graduate) |
20500 |
34500 |
27500 |
27500 |
N/A |
20500 (graduate) |
20500 |
0 |
10250 |
10250 |
N/A |
9500 (independent UG yr 1) |
9500 |
0 |
3167 |
3167 |
3166 |
55000 (dependent UG yr 1 with Parent PLUS) |
5500 |
49500** |
18333 |
18333 |
18334 |
5500 (dependent UG yr 1) |
5500 |
0 |
1834 |
1833 |
1833 |
All figures are in US dollars ($).
*Stafford and PLUS loans that are co-payable must be used to cover tuition and college accommodation fees in full before any payment is passed to the student.
Graduate students’ loans are disbursed in 2 equal amounts 6 months apart (eg for September starter September and March). Undergraduates loans are disbursed termly (September, January and April).
** Parent(s) may take out a PLUS Loan, private loan maximum will then be reduced.