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Federal Student Aid

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Federal Student Aid

Overview

The University of Johannesburg (UJ) is eligible to participate in the William D. Ford Direct Loan Program. The program allows a student to apply for a subsidized loan, unsubsidized loan, Graduate Plus Loan or a Parent Plus Loan. Any citizen, permanent resident or eligible non-citizen of the US can apply for aid. Direct loan funds can only be used by the registered student for study costs. You may apply for aid in eight of UJ’s faculties. This excludes Health Sciences.


Loan Counselling

Entrance Counselling

The Entrance Counselling Session is compulsory for all new UJ FSA borrowers.  This is an online session and takes approximately 30 minutes to complete.  It is important that the borrower is well aware of what it means to obtain Financial Aid and how this decision will affect their lives and future. UJ cannot process your first disbursement without a report confirming the completion of the Entrance Counselling session. Parents applying for a Parent Plus Loan are not required to complete the session.

Exit Counselling

The Exit Counselling Session is compulsory on the completion or deregistration of studies from the University.  The session assists the borrower to understand what is expected of them with regards to their Direct Loan.  The borrower is counselled and guided on how the debt can be managed and what options are available if there are difficulties in repaying the debt.  

Types of Loans and Limits

UJ is only eligible to offer the following types of loans:

Subsidized Loan

This loan is granted on financial need. Interest on the loan is charged from the time the loan is disbursed until the debt is paid. Because the loan is subsidized the US Government will pay the interest for you while you are registered or on University approved abeyance and during the 6 months grace period granted after you complete your studies.


Unsubsidized Loan

This loan is NOT granted on financial need. Because the loan is not subsidized you are responsible for the interest payable from the time the loan is disbursed to you but you can choose to defer the payments while you study.  However, the interest accrued will then be added to your principle debt.

Graduate Plus Loan

This loan is granted to graduate students and has no limit. However, the loan amount cannot exceed your Cost of Attendance minus all other financial assistance received through Direct Loans. A credit check is done on the applicant before the loan is approved. You are responsible for the interest payable from the time the loan is disbursed to you. Although you can choose to defer the payments while you study, the interest accrued will be added to your principle debt.

Parent Plus Loan

The parents of a dependant undergraduate student can apply for this type of loan which has no limit but the funds can only be used to cover the students Cost of Attendance minus all other financial assistance received through Direct Loans. A credit check is done before the loan is approved.

Private loans

A student can apply for a private loan to assist in paying for their education. You can obtain this loan from any private lender provided that you meet their requirements and are subjected to a credit check.


ANNUAL FEDERAL LOAN MAXIMUM AMOUNTS

Dependent Undergraduates

Subsidised Loan

 Unsubsidised Loan

 Annual Loan Limit

Year 1​​

US$3,500

 US$2,000

US$5,500

Year 2

US$4,500

 US$2,000

US$6,500

Year 3 and above

US$5,500

 US$2,000

US$7,500

Independent Undergraduates

 Subsidised Loan

 Unsubsidised Loan

 Annual Loan Limit

 Year 1

 US$3,500

 US$6,000

  US$9,500

 Year 2

 US$4,500

 US$6,000

US$10,500

 Year 3 and above

 US$5,500

 US$7,000

US$12,500

Graduates or Professionals

Subsidised Loan

Unsubsidised Loan

Annual Loan Limit

 Each Year

 US$0

 US$20,500

US$20,500

 

AGGREGATE FEDERAL LOAN MAXIMUM AMOUNT

 

 Subsidised

Aggregate Maximum

Dependent Undergraduate

US$23,000

US$31,000

Independent Undergraduate

US$23,000

US$57,500

 Graduate

US$65,500

US$138,500 

 

 

How To Apply

1. Complete the Free Application for Student Federal Aid (FASFA) on the link http://www.fafsa.ed.gov/  UJ School Code is G11214. This application must be completed every year that you apply for Federal Aid. 


2. Complete the Direct Loan and/or Graduate Plus Entrance counselling session onhttps://studentloans.gov/myDirectLoan/index.action  This session has to be completed by all students applying for Aid at UJ for the first time.


3. Sign the Master Promissory Note (MPN) on https://studentloans.gov/myDirectLoan/index.action for the Direct subsidised and unsubsidised loan and another MPN for the Graduate or Parent Plus Loan.


When the above is in place the Division For Internationalisation will process your loan application and notify you in writing confirming the amount you are eligible for. The confirmation letter together with the acceptance letter from UJ can be used to apply for your student visa.

The funds will only be disbursed to you after you register. As UJ is a foreign school it will take approximately 30 days for the funds to be in your South African Bank Account.

Cost of Attendance and Disbursements

COST OF ATTENDANCE (CoA)

The Cost of Attendance for a student is an estimate (budget) of a student’s educational expenses for the academic year/period of enrolment at UJ. This estimate is what defines your financial need which is what the school uses to determine your loan eligibility amount. Below is a breakdown of how much an average student might require per academic year, this list is not exhaustive but provides basic guidelines subjected to your program of choice. 

 

Description​

Undergraduate average costs 
(South African Rand = ZAR)

 Postgraduate average costs
(South African Rand = ZAR) 

1.

Tuition

 R102,280 – R110,330

R14,634 – R171,158

2.

International Registration Fee (IRF)

(Inclusive in Tuition Fee)

R4,570

3.

Books and Stationery

R900 - R3,000

R1,000 - R4,000

4.

Equipment / Fieldwork

R800 – R3,000

R800 - R5,000

5.

Accommodation

R22,784 - R59,915

R22,784 - R59,915

6.

SA Medical Aid

R4,200 – R10,000

R4,200 – R10,000

7.

Food

 R14,000 - R20,000

R14,000 - R20,000

8.

Living Expenses

R6,000 - R12,000

R6,000 - R12,000

 

DISBURSEMENTS

First-time undergraduate students

The disbursement process for first time undergraduate students can only be initiated 30 days after registration. You will receive your loan in two equal disbursements. The first disbursement will be received within 30 days after the initiation date.  The second disbursement will only be initiated after the submission of your academic progress for the first semester, the funds will be in your South African bank account within 30 days of the initiation date. It is therefore advisable to have funds available to cover costs while waiting for your funds to be paid out to you.

Returning undergraduate and Postgraduate students 

The disbursement process will be initiated the day after registration. You will receive your loan in two equal disbursements. The first disbursement will be received within 30 days after the initiation date. The second disbursement will only be initiated after the submission of your academic progress for the first semester, the funds will be in your South African bank account within 30 days of the initiation date.  It is therefore advisable to have funds available to cover costs while waiting for your funds to be paid out to you.  

Satisfactory Academic Progress

All students are allowed 150% of the standard duration to complete their program of registration while receiving Federal Aid. In order to receive the second disbursement of your loan you have to submit a progress report to the Division For Internationalisation for the first semester of your year of registration. This report needs to be submitted at least by the end of the first semester so the sooner you submit your report, the sooner you will receive your second disbursement. A progress report on the second semester also has to be submitted to the Division For Internationalisation before the end of the year. This is required for your registration status to be updated with the US Department of Education as well as to initiate your loan application for the following year.

To remain eligible for Aid, your progress reports have to be satisfactory in accordance to your Faculty's standards and requirements. When SAP standards are not met, a student will be given a Financial Aid Warning for the proceeding semester. This means that you will still receive your aid but are subjected to have a satisfactory academic progress for the proceeding semester. If these requirements are not met by the end of the warning period, your aid will be suspended pending an appeal. Please see your Faculty Rules Book for SAP standards and requirements.

 

De-registration and Leave of Absence

De-registration / Withdrawal

A student wishing to de-register needs to follow the standard de-registration processes as set out by the respective faculty. Before considering de-registration please consult your Federal Aid Administrator to establish how this decision will affect your Direct Loan. See the University’s Faculty Rules Book for the de-registration process.​

Leave of Absence (LoA)

Under special circumstances a student can apply for Leave of Absence (LoA) as set out by the respective Faculty. This leave will only be considered and approved in accordance to the Department of Education if your Faculty confirms that you can continue your programme from the point that you left. During the LoA a student will not be entitled to any Federal Aid. See the University’s Faculty Rules Book for the process of applying for leave of absence.

Cohort default Rate

The Cohort default rate is calculated by the US Department of Education and released to the School annually. UJ recently became eligible to participate in the program.  It takes three years of eligibility to track the outcome on the program.

Contact Us

For detailed information on the US Federal Student Aid, please contact Mr Lebethe Malefo, Tel: 011 559 4592 or Email : lmalefo@uj.ac.za