Important Update for 2010-2011:

The US government and Department of Education are planning changes to the US government loan program for the 2010 –2011 academic year.

• ALL US students will maintain their eligibility for US government loans.
  

• Annual loan amounts will remain the same.
  

• Students will still need to complete and file a FAFSA before June 1, 2010 at www.fafsa.ed.gov

The remainder of the application process (e-signing/signing of Master Promissory Notes - MPN’s) will be added to our website once we have received an update from the US Department of Education.

Please check for more information in March 2010. We will update as more information is made available by the Department of Education.

Applications for Stafford and PLUS loans must be completed by June 1, 2010 in order to have your funds available for the fall fee payment deadline. This deadline is also important if you will be renewing your immigration documents for the upcoming year.

Applications for Stafford and PLUS loans must be completed by November 1, 2010 in order to have your funds available for the winter fee payment deadline.

General Information for 2009-2010

McGill University participates in the US government Title IV program known as the Federal Family Education Loan Program (FFELP). American students may apply for Stafford loans; parents of dependent undergraduate students may apply for PLUS loans. In addition to the Stafford loans, graduate and students in professional programs may apply for Grad PLUS loans.

Students must be registered in a degree program to be eligible for FFELP funds.

Students must apply each year for aid for the upcoming academic year.

Students attending a school outside of the US are not eligible for grants offered through FFELP.

The Master Promissory Note (MPN) is the application for a loan as well as the promise to repay the loan. By submitting an e-signed MPN we will know that you wish to be considered for US government financial aid. (More information follows on how to submit an MPN.) Once we have processed your loan(s), you will receive confirmation of the funding from your guarantor.

Students (and their parents) should file a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Our federal school code is G06677. The SAR (the Student Aid Report generated by the FAFSA) is not sent to our school as indicated on the FAFSA website. However, if you have designated McGill University as a school you will attend and you have e-signed a Master Promissory Note (MPN) for a Stafford loan for McGill University, we will be able to retrieve your SAR.

Processing (certification) of applications for the upcoming academic year will begin in May. Applications for new students are certified once final acceptance to the University has been confirmed.

Applications must be complete and be received by June 1 to have funds disbursed for the fall semester fee payment deadline. Meeting the June deadline will also allow enough time for you to receive proof of financial resources, if needed, for the processing of your immigration documents.

Processing of applications received after June 1 may be delayed due to the volume of applications; therefore, outstanding student account balances may be subject to late charges.

If you apply for assistance during the academic year, applications must be complete and be received by November 1 in order for your funds to be disbursed for the winter semester fee payment deadline. Outstanding student account balances may be subject to late charges for applications received after this date.