For many students and parents, loans represent an important resource to help finance educational expenses. Whether federally or privately funded, loans can help fill the gap between need-based financial aid eligibility and total educational costs. In nearly every case, repayment of a loan begins after you graduate or leave the University of Newcastle. Some of the loan programs available to qualifying students to include:


·      Federal Direct Subsidized Loans

·      Federal Direct Non-subsidized Loans

·      Federal Perkins Loan4

·      Federal Direct Plus Loan

·      Private Student loans for international students


Private loans are university loans for educational expenses and are not insured.

Private loans are made by a student and many programs allow students to borrow up to the cost of Tuition Fee Terms only the repayment vary depending upon the terms agreed with each student.


University may perform a credit check to determine creditworthiness (income, employment, residency, etc.) before approving these loans. Some students may need a co-signer.


Because interest rates may be higher for private loans, the student can borrow only what you need to pay the balance of your tuition fee .


Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.


If you are interested in learning more about private loans speak to your University Student Finance professional. For more information on specific private loan programs contact the lender of your choice. Note that you are not limited in your choice of lenders - feel free to shop around. See below to learn about the application process.


The Application Process:


1.     Determine how much you need to borrow in each loan program.

2.     If you have remaining costs that are not covered by the financial aid or other grants or scholarships, you may want to consider a Private Loan. Remember to borrow wisely, and borrow only what you need for educational expenses.




Go to top