U.S. Direct Loans

Please note that we are currently undergoing a renewal process with the U.S. Department of Education for the 2022-23 academic year and approval is pending.

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 the Federal Student Aid website.

Other Important information

  • Satisfactory Academic Progress 
    Federal Aid students enrolled at the University of Waterloo are required to meet satisfactory student academic progress (SAP) 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. If a student who has applied but has not before received U.S. Direct Loans and has not met SAP in the previous year, the student is notified via email once the U.S. Direct Loan application has been reviewed.
  • 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).
  • Exit Counselling
    The U.S. Department of Education requires all U.S. citizens receiving direct loans to participate in exit counselling shortly before they graduate, withdraw or cease to be enrolled in at least half-time. Go to studentloans.gov to complete exit counselling. The link can be found under "Complete Counseling" once you sign in. Information on repayment of your student loans is available on the Repayment Information section of the Federal Student Aid website.

Undergraduate Awards Database

Check out our Undergraduate Awards database where you can search for Waterloo scholarships, awards, and bursaries using a variety of selection criteria.


Full-time OSAP 

  • Supporting documents received the week of Oct 3
  • Appeals received the week of Oct 3
  • W23 extensions received Oct 4