U.S. Direct Loans

The University of Waterloo is listed as an eligible international institution with the U.S. Department of Education and we are currently working on the ability to participate in the disbursement of funds through the U.S. Department of Education's Direct Loan Program beginning in the Fall 2020 term.

Ineligible programs and courses

The U.S. Department of Education does not provide funding to students enrolled in:

  • Any course which does not include an in-person component is ineligible for U.S. Federal loan funding including
    • All d​​​istance education courses
    • All distance education programs
  • All co-op programs as they include a mandatory online component.
  • Certificate, diploma, non-degree, and post-degree programs
  • Exchange/Internship/study abroad programs at institutions not eligible for Title IV or US Direct Loans funding; see School Code Search on www.fafsa.ed.gov

Other Important information

  • Satisfactory Academic Progress 
    Federal Aid students enrolled at the University of Waterloo are required to meet satisfactory student academic progress requirements. 
    The academic progress of students is evaluated on a term by term basis prior to the disbursement of Federal Aid to determine eligibility for continued aid and after each term funded by US student aid.
  • Withdraws and Refunds
    Changes to course load, including dropping a course or withdrawal, may result in ineligibility for all or part of your student loan  funding. Please review the Return of Title IV Funds Policy  and contact the Awards & Financial Aid Office immediately if you withdraw or reduce your course load.
  • Consumer Information
    As per the Higher Education Opportunity Act (HEOA) of 2008, the U.S. government requires institutions offering U.S. Direct Loans to disclose the following University of Waterloo Consumer Information (PDF)

Anticipated Aid for your Promissory Note

OSAP, award and scholarship amounts will be posted as Anticipated Aid on your Quest account each term. Fall 2021 full-time OSAP funding will be added as anticipated aid on Quest accounts and will continue to be updated throughout the Promissory Note period.


Full-time OSAP 2021-22

  • Supporting documents received the week of Sept 6
  • Appeals received the week of Aug 9