US Direct Loan funding amounts


UBC uses the following calculations to determine how much funding applicants for the US Direct Loan are eligible to receive for each study period.

Direct Subsidized Loan

A Direct Subsidized Loan only applies to dependent undergraduate students who have financial need and is calculated through the following equation:

Cost of Attendance – Expected Family Contribution = Financial Need

Direct Unsubsidized Loan and Parent/Grad Plus Loan

These loans are calculated with the following equation:

Cost of Attendance – Financial Support = Eligible Funding

Cost of Attendance

Your Cost of Attendance is determined by UBC using your tuition costs provided by your program, and living costs as a single student away from home based closely on the Moderate Standard of Living by BC’s student loan provider.

Financial support

Financial support includes any awards, scholarships and loan funding (e.g., Canadian Student Loans, Direct Unsubsidized Loans) you are receiving. Your financial support does not include income you have earned.

It’s important to report all of your scholarships and awards to avoid having your Direct Loans audited, reduced or returned. 

Eligible funding

When calculating your eligible funding, UBC uses the yearly loan limits as well as lifetime (or aggregate) limits set by the US Department of Education to determine your eligibility for Direct Subsidized and Direct Unsubsidized Loans.

To offer you the best possible student loan package, UBC will first assess you for Direct Subsidized and Unsubsidized Loans, followed by a Parents/Grad PLUS Loan, as long as you've applied for a PLUS Loan. You may consider applying for private loans like Sallie Mae to fill any unmet need in your full cost of attendance.

Additional resources

If you have questions

If you're an undergraduate student, please contact your Enrolment Services Advisor directly. To find your advisor’s contact information, log into your Student Service Centre (SSC) and select “UBC Contacts” under Personal Info.

Graduate, postgraduate, and all other students can contact an Enrolment Services Advisor by calling 604 822 9836 or submitting a question through the online form.