Federal Student Aid - How much can you borrow? | The Royal Central School of Speech and Drama

How much can you borrow?

U.S. students are entitled to borrow funds to cover a variety of costs related to studying in the U.K. 

On the How to Apply section you will find a Cost of Attendance spreadsheet, which once completed, determines each student's loan request amount.

Types of Loans

There are three types of Loans from the U.S. Department of Education available to students:

  • Subsidized Loans – Available to undergraduate students in financial need. The amount you are eligible for is determined by your household income. There is no interest on Subsidized Loans until 6 months after you finish your studies.
  • Unsubsidized Loans – Available to undergraduate, postgraduate and PhD students. Interest in accrued from the first day the loan is disbursed.
  • PLUS Loans – PLUS Loans can be borrowed in addition to Subsidized and Unsubsidized Loans. For more information, read the PLUS Loans section later on this page.

Yearly Loan Limits

For more information on Dependent or Independent Student classification, visit this page Federal Student Aid Dependency Status.

Subsidized and Unsubsidized Aggregate Loan Limits

The table below details the maximum amounts of Subsidized and Unsubsidized loans that students can borrow:

Aggregate Loan Limits

Plus Loans

PLUS Loans are available to supplement Subsidized and Unsubsidized Loans for Undergraduate (dependent) and Postgraduate/PhD students.

A parent can obtain a Parent PLUS Loan on behalf of an Undergraduate (Dependent).

A postgraduate or PhD student can obtain a Graduate PLUS Loan.

PLUS Loans are dependent on the parent (Parent PLUS Loan) or postgraduate/PhD student successfully passing a credit check. If a postgraduate/PhD student isn’t eligible to receive a Graduate PLUS Loan due to adverse credit history, an Endorser can be used to guarantee their loan meaning the loan can still be borrow.

For more information, visit this page Federal Student Aid PLUS Loan.

Current Interest Rates

The interest rates for the different loans can be found below. The Interest Rates are schedule to change in July 2019.

Interest Rates


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Please contact student.funding@cssd.ac.uk for more information.