U.S. Direct Loans

The University of Waterloo is listed as an eligible international institution with the U.S. Department of Education. You may receive a Direct Subsidized Loan or Direct Unsubsidized Loan for your undergraduate education. Direct Unsubsidized Loans and Direct PLUS Loans are available to graduate students. Your parent also might be able to borrow on your behalf; through the Direct PLUS Loan for parents. International schools do not participate in the US Department of Education’s grant programs, so you will not be able to obtain a Federal Pell Grant to get your degree at the University of Waterloo. More information can be found on the US Department of Education page Aid for International Study.

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

 Please contact Student Awards & Financial Aid office to confirm if your program is eligible for US Direct Loan funding.


Full-time OSAP 

  • 2023-24 OSAP supporting documents received the week of May 13
  • 2023-24 OSAP appeals received the week of May 13
  • Spring 2024 extensions received May 15

2024-25 OSAP documents wil be processed beginning in June 2024