From 1 October 2014 the U.S. Department of Education applies a 1.073% fee charge on Direct Subsidized and Unsubsidized loans, 4.292% on Direct Plus loans. This only occurs with loans where the first disbursement is after 1 October 2014.
Anglia Ruskin University does not charge any loan fees, our third party agent Western Union, acts on our behalf receiving the US$ loan funds and converts this into the equivalent GBP according to the daily exchange rate.
Costs Of Attendance cannot be altered due to fluctuating exchange rates. Students are asked to prepare adequately for a study period spent in a foreign country where disbursements of loan funds can change depending on the exchange rate between Dollars $ and Sterling £.