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US Financial Aid

The US Financial Aid team administers Direct Loans under the William D. Ford Direct Loan system. We can also help with your private loan requirements and Veteran Affairs (GI Bill) funding.

The Direct Loan Program

University of Wollongong (UOW) is eligible for and to participate in the US Financial Direct Loan program under the William D. Ford Direct Loan (Direct Loan) Program. US citizens and eligible non-citizens can apply to study at UOW under the US Financial Aid Loan scheme. As with all federal student aid, your first step in applying for direct loans is completing the Free Application for Federal Student Aid (FAFSA) and a UOW US Financial Aid Application.

Information on your FAFSA is transmitted to UOW as long as you list UOW on the application (our school code is: G30914). Please then follow the instructions on our how to apply page to complete your application.

Types of loans

  • Subsidized loans are for students with demonstrated financial need, as determined by federal regulations. No interest is charged while a student is in school at least half-time, during the grace period, and during deferment periods.
  • Unsubsidized loans are not based on financial need; interest is charged during all periods, even during the time a student is in school and during grace and deferment periods.
  • PLUS Loans are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

Student borrowers are not required to begin making payments until after they drop below half-time attendance. Once we have received your completed application form and FAFSA, we will notify you of the loan amounts that you are eligible to apply for. You should evaluate the aid offer carefully, in the case of loans - keep in mind that whatever amount you borrow must be paid back with interest. To get an idea of your monthly loan payments after you graduate, take a look at the Federal Student Aid repayment estimator.

Loans cannot be originated until your enrolment is confirmed through the payment of your tuition fee deposit. Loans will not be disbursed to your bank account until you actually arrive and enrol in your courses at UOW, the actual date of your disbursement will be conveyed to you through a disbursement letter. We also recommend that you should be prepared to incur approximately 2 months worth of expenses before your loan funds become available.

The majority of Undergraduate degrees, Graduate degrees and Research programs are eligible for Direct Loans at The University of Wollongong. The UOW Medical School is not registered for US Financial Aid nor are Associate degrees, Graduate Certificate, Graduate Diploma programs or Nursing programs. Online or distance learning programs are not eligible under the Federal Regulations and any Joint degree programs will need to be assessed on a case by case basis. If you have any enquiries about your proposed programs eligibility for Financial Aid please contact the Scholarships and Sponsorships team.

Annual loan limits

Direct loan program annual limits for subsidised and unsubsidised loans.

Student enrolment categorySubsidised annual limit $Unsubsidised annual limit $Sub + unsub annual limit $
Dependent UG 1st year $3,500 $2,000 $5,500
Dependent UG 2nd year $4,500 $2,000 $6,500
Dependent UG 3rd year and beyond $5,500 $2,000 $7,500
Independent UG 1st year $3,500 $6,000 $9,500
Independent UG 2nd year $4,500 $6,000 $10,500
Independent UG 3rd year and beyond $5,500 $7,000 $12,500
Graduate/professional $0 $20,500 $20,500

 Aggregate loan limits

Direct loan program aggregate limits for subsidised and unsubsidised loans.

Student enrolment categorySubsidised aggregate limit $Unsubsidised aggregate limit $Sub + unsub aggregate limit $
Dependant undergraduates $23,000 $8,000 $31,000
Independent undergraduates $23,000 $34,500 $57,500
Graduate & professional $65,500 $73,000 $138,500

Consumer information

To ensure you have all the information you need to make a decision about studying here, use the links provided to view current information about the University and our policies and procedures.

You need to know the current requirements and procedures for students and the University of Wollongong, under the Higher Education Act of 1965 (HEA), as amended by the Higher Education Opportunity Act of 2008. Our website provides the latest information (and we have summarised with a list of links below) but if you cannot find the information you need, please contact us.

Responsible borrowing

The Fees and Scholarships team has a duty of care to encourage responsible student borrowing and ensure you are aware that relocation costs are not included as part of the cost of attendance. You need to make sure you have access to other funds to cover your relocation and settlement costs in Wollongong while your loans are being processed.

Under US Federal Regulations your cost of attendance must only include costs associated with your education for the time you are in study. If you are funding your relocation costs by other means (such as credit card or line of credit), you will not be certified for any additional amounts exceeding your cost of attendance and relating to relocation costs. In addition, private and federal loans will not be certified to be disbursed before your departure.

Cost of attendance and fees

The University's cost of attendance is your full tuition fees and full living expenses, as well as any ancillary costs.

The cost of attendance for 2020/2021 is outlined below in Australian dollars for two semesters. If you’re applying for financial aid for one semester only, these figures will be prorated accordingly. The figures are periodically reviewed and subject to changes on an annual basis.

ItemCost (AUD)
Tuition and fees Varies depending on your program of study - approximate course tuition fees are outlined on your UOW course offer
Living allowance (including room and board, rent, food) $20000
Student Services and Amenities Fee (SSAF) Varies depending on campus and study load
Return airfare $2000
Overseas Student Health Cover (visa length cover) Varies depending on visa length
Books and supplies $1400


Cohort Default Rate

The University of Wollongong 2016 Three Year Cohort Default Rate is 0.

Eligibility and how to apply

Contact us


For application assistance and further enquiries

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