Subsequent applications

Renewing your financial aid

If you are renewing your direct loans for subsequent years of study, you are required to follow the same steps as you did last year.  

Step one: information

  • You should refamiliarise yourself with the William D Ford federal direct loan programme. Direct Loans are explicitly to cover the primary costs of education (tuition, student accommodation, books/supplies and commuter travel). Loans are not intended to cover other expenses that are not directly related to study.
  • You should plan a budget for your studies (cost of attendance) and you should only borrow what you need. Remember that you will be required to repay all loans with interest when you graduate or leave school.
  • For further details on direct loans amounts and how much you can borrow, please see direct loan amounts.
  • Please read all the steps below BEFORE starting the application process.

Do you have previous loans? If you have previous federal family education loans (FFEL)/Stafford or direct loans, you must ensure that you submit a request to defer payment on your previous loans. You should contact your loan servicer. Default on previous loan at any time will lead to ineligibility of further loan funding.

Loan consolidation

Consolidating your federal loans together into a direct consolidation loan may make loan repayment easier. If you consolidate, you will have just a single monthly payment and this will allow you to take advantage of certain benefits that are offered only in the direct loan programme. If you would like to learn more about consolidating your previous loans (combining multiple federals loans into one) please see the Federal Student Aid (FSA) website and or contact your loan servicer for further advice.

Step two: Please read the relevant student finance documents below before completing Step two:

Step three: Complete the free application for federal student aid (FAFSA)

In order to establish your eligibility for a direct loan, go to the FSA website to complete your FAFSA

London Metropolitan University’s federal school code is G22353.

Once the US Department of Education processes your FAFSA you will be issued with a student aid report (SAR). Please retain this for your records. Note that this is not automatically sent to us and you will need to send us a full application pack by email to initiate your loan.

Step four: Complete the cost of attendance (COA) spreadsheet

  • Please review the COA policy document provided below and complete the relevant COA spreadsheet.
  • Cost of Attendance 2020-21
  • This will help you explore the funds that you will need to cover the costs of tuition and other related expenses according to your study level and the designated loan amounts.
  • By submitting a COA spreadsheet (in conjunction with the other required documentation), you will initiate a direct loan application file at London Metropolitan University and officially set out your wish to borrow direct loan funds to cover education costs. Please note that you will need a copy of your student aid report (SAR) to complete the COA spreadsheet. 
  • Please review the section on the cost of attendance and complete the relevant COA spreadsheet.
  • Check your COA is fully and accurately completed once you have completed steps four and five.

Step five: Mandatory entrance counselling

Federal regulations require all students to complete Entrance Counselling prior to the disbursement of financial aid. You must complete entrance counselling for each year of loans that you borrow. Please take a screenshot of your completion certificate.

Step six: Initiating your direct loan master promissory note (MPN)

In order to take out a direct loan, you must complete a master promissory note (MPN) for each year of study. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees and also explains the terms and conditions of your loan(s). You can complete your MPN on the FSA website. You must complete a new MPN for each year of loans that you borrow, as foreign schools do not operate multi-year MPNs.

Step seven: Satisfactory academic progress

In addition to determining your eligibility based on the information provided in your student aid report (SAR), the loan amounts for your study level and your master promissory note (MPN), you will be also be required to demonstrate that you are making satisfactory academic progress in order to be eligible for further loans. Please supply a transcript of your grades.

Step eight: Required documentation for the origination of your loan application

If you have completed the actions outlined above, you will now be able to provide the documentation listed below. Please note that your loan application cannot be processed without these documents – all documents must be submitted together.

  1. A completed Cost of Attendance 2020-21 spreadsheet.
  2. A copy of your master promissory notes for all loans.
  3. A copy of your entrance counselling confirmation.
  4. Satisfactory academic progress (SAP) - the transcript of your previous year's study.
  5. A copy of your credit check approval for graduate/parent PLUS loans.

Please email scanned versions of these documents to

What happens next?

After we have reviewed your application for direct loans, we will contact you by email confirming your eligibility. We will then issue you with a loan award letter, confirming your loan amounts and dates of disbursement.

Undergraduate student writing