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Federal Aid

US FINANCIAL AID Guidelines 2020/2021

(Federal School Code G06842, OPEID Code 00684200)
(US citizens and eligible non-citizens)

The Purpose of Federal Loans:

Loans are intended to cover expenses directly related to academic study only.

Trinity College Dublin, The University of Dublin is approved by the US Department of Education to originate loans under the William D. Ford Direct Loans Program (Direct Loans), as well as private loans from alternative loan providers (Sallie Mae). The US Department of Education (DOE) Federal School Code for TCD is G06842.

Please note that students studying outside of the USA are not eligible for PELL Grants or Perkins loans.

TCD students are advised to apply for Federal Direct Loans before applying for Private Loans (e.g. Sallie Mae).

Useful Information

TCD Federal School code: G06842
OPEID: 00684200

US Department of Education
T (202) 377 3168 or (213) 345 2104

Federal Student Aid website
FAFSA website
Direct Loans website 

Types of Loans Available

Direct Subsidized Loans: federally guaranteed loans based on financial need as determined by the Department of Education. Although interest does accrue on the loan while you are in school at least half-time or during any deferment/grace periods, the federal government "subsidizes” the interest during these times. Available to undergraduate students in financial need.

Direct Unsubsidized Loans: federally guaranteed loans that are NOT based on financial need. Interest DOES accrue from the time the loan is disbursed to the school. If you choose not to pay the interest while you are in school and during grace periods and deferment/forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). Available to undergraduate and postgraduate students who do not qualify for subsidised loans or students whose cost of attendance is greater than other financial aid/grants/scholarships received.

Direct PLUS Loans –GradPlus and ParentPlus loans are also direct loans: federally guaranteed loans and are not based on financial need. The parents of an undergraduate dependant student (as defined by the US Department of Education) OR graduate student are eligible for PLUS loans if they meet certain credit guidelines and if the loan is certified by the university. Independent undergraduate students are not eligible for PLUS loans.

Interest rates for each loan type can be found on the US Department of Education interest rates page.

 

Cost of Attendance (COA) - How Much Funding Can I Get

The sum of your federal and any private loans/scholarships/funding cannot exceed your maximum cost of attendance total.
COA comprises of college-determined estimated costs and fees/tuition for an academic year.
Students may borrow up to the value of their Cost of Attendance (COA).  
It is advisable that students plan a budget to make sure that they have enough funding to cover their studies.
It is very important that students bear in mind exchange rate fluctuations for when the US Federal loans are disbursed, the student may receive less than they had initially planned depending on the rate at the time.

Below is the 2020/21 academic year COA excluding tuition/fees:

Rent

€12,000 per academic year postgraduate/ €8,000 per academic year undergraduate

Food

€5,000 per academic year

Books/Supplies/PC/Laptop

€2,500 per academic year

Utilities

€2,000 per academic year

2 Return flights (US-Dublin) €1500 x 2

€3,000 per academic year

Transportation – (Bus/Train/Local)

€1,500 per academic year

Miscellaneous/Personal/Visa

€4,000 per academic year

The cost of attendance costs have been carefully calculated to give a good quality of life whilst studying in Dublin, but not to be excessive.  As such we will only consider increasing these costs in exceptional circumstances and you will need to justify or prove these to us.  
NOTE: TCD recommends that you do not need to take out the maximum loan available from your Cost of Attendance.  This figure is the MAXIMUM you may borrow.   If you wish to borrow less than the full amount just enter a lower amount on your loan request. We advise students to borrow the minimum amount necessary given your circumstances in order to meet your needs.

The exchange rate is set at 1.12 for the 2020/21 academic year. This is calculated using currency data over 365 days in 2019.

Private Loans

A private loan is a non-federal loan through a private lender and is usually in the student’s name and requires a co-signer.

Independent undergraduate students who have been classed as on their FAFSA (SAR) sometimes avail of Private Loans when they need to borrow more than their available limits on the Federal Direct Loan program.
Students studying courses that are not eligible for Federal Direct Loans may also choose to borrow from private lenders.

There are limited lenders offering educational loans for US students attending schools outside of North America. The main private loan provider Trinity College Dublin students borrow from is Sallie Mae https://www.salliemae.com/student-loans/
This is not a recommendation of one lender and you may be able to find alternative sources within your own state in the US.

The sum of your Federal and any private loans cannot exceed the Cost of Attendance so you should think carefully, should you decide to take out both.

General advice when considering a private loan:
TCD suggests that you fully research the loan and lender that best suits your needs. It is a good idea to compare the benefits and costs of several supplemental loans before you apply, as the loan terms can vary. Also remember that it is always in the best interest of students and parents to explore federal student and parent loan options before applying for private loan products.
Below are some questions that you may want to ask your lender or consider when choosing a lender/loan option:

  • Do you charge any fees for disbursement, repayment, deferments?
  • Are the fees deducted from the loan disbursements or added to the total loan amount?
  • Are in school payments required?
  • What is the interest rate?
  • Is the interest rate variable or fixed?
  • When is interest capitalized?
  • Do you offer flexible repayment options?
  • Can I request a deferment or forbearance after I leave school and enter repayment?
  • Do you offer interest rate reductions for auto-debit payments?
  • How much experience do your customer service representatives have?
  • Can I talk to a person, not an automated system? How long is the wait time typically?
  • Can I email an account representative if needed?
  • Is there an online application process and instant approval?
  • Do you have online account access?
  • How long have you been lending loans?
  • Do you have a history of selling loans?
  • What are my options for loan consolidation?

Eligibility for Direct Loans

General information on eligibility for federal aid can be found at https://studentaid.ed.gov/sa/eligibility

Once you are confident that you qualify for the general rules of eligibility, Trinity College Dublin will follow the below guidelines to ensure you meet and maintain your eligibility throughout your studies:

  • TCD are not an attendance taking university so eligibility is determined based on your course mode of attendance; students must be enrolled at least half-time.
  • Students must be making satisfactory academic progress (SAP – detailed notes below).
  • Students must not be in default on a previous loan.
  • Students must not be exceeding federal loan limits.
  • In general, the following courses are eligible for financial aid; degree (undergrad & postgrad), masters & PhD. Ineligible courses are listed below.

Students will not be approved to receive federal aid to cover the following ineligible programmes:

  • Study abroad (unless the other university meets all the federal aid eligibility requirements)/exchange programmes
  • Correspondence, distance or online courses
  • All nursing programs both postgraduate and undergraduate
  • Certificate or diploma courses
  • Any course where any of the program is offered in the US

Application Process

Step-by-Step Application Process:
All required documentation must be sent to the Financial Aid Officer Mr. Barry Finnegan via email:finnegba@tcd.ie

Quick Guide:

Step 1:

Apply for your FAFSA (Free Application for Student Aid) / obtain a SAR (Student Aid Report)

  • Completing a FAFSA application will allow you to obtain a SAR.
  • Apply at https://fafsa.ed.gov/
  • If you are applying for the first time, you will need to create a username and password.
  • Note: Trinity College Dublin’s school code is: G06842.
  • Once you have completed your online application, within a few days FAFSA will email you a Student Aid Report (SAR). The SAR calculates your EFC (expected family contribution) towards your cost of study.
  • Note a new FAFSA application must be made each year to obtain an up to date SAR as there could be changes in income or other elements used to determine financial aid eligibility.

Step 2:

Supply Documentation to Trinity College Dublin

New Student Applications

If this is your first instance of applying for financial aid at Trinity College Dublin you will need to submit the below documentation via email; (PLEASE INCLUDE ALL ITEMS IN ONE EMAIL AS ATTACHEMENTS)

  1. SAR Report (obtained via your FAFSA application as detailed in Step 1). This will not be automatically shared with TCD even though you get a message stating that it is.
  2. Official offer letter/acceptance to Trinity College Dublin or screenshot of acceptance screen.
  3. Copy of current valid passport.
  4. Copy of high school transcripts and academic transcripts from previous universities if you attended a third level institution.
  5. A signed/completed MPN (Master Promissory Note) and, if applicable, a signed/completed MPN for your Parent Plus application (see Step 3 below for more detail on MPNs). 
  6. Completed entrance counselling (see Step 4 below for more detail on Entrance Counselling).

Continuing Student Applications

Students who have had previous US Federal loans administered through Trinity College Dublin are only required to submit the following items; (PLEASE INCLUDE ALL ITEMS IN ONE EMAIL AS ATTACHEMENTS)

  1. SAR Report (obtained via your FAFSA application as detailed in Step 1). This will not be automatically shared with TCD even though you get a message stating that it is.
  2. Copy of current valid passport. (If original passport submitted has changed or expired)
  3. A signed/completed MPN (Master Promissory Note) and, if applicable, a signed/completed MPN for your Parent Plus application (see Step 3 below for more detail on MPNs). 
  4. Completed entrance counselling (see Step 4 below for more detail on Entrance Counselling).

Master Promissory Note Explained

The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department of Education.
It also explains the terms and conditions of your loan.
Access at: https://studentloans.gov/myDirectLoan/launchMpn.action

  • Your MPN is valid for 1 year from issue.
  • A new MPN must be completed annually.
  •  You must have a separate MPN for a Parent PLUS Loan – click on ‘Complete PLUS Request Process’ to complete this. Credit checks are undertaken on parents and this can take some time. If you have an adverse credit history, you may still receive a parent plus loan if you obtain an endorser who will guarantee the loan on your behalf.

Entrance Counselling Explained

Entrance Counselling is required by all students undertaking a federal loan to help them understand the responsibilities of their loan.

Step 3:

Trinity College Dublin Supplies to Student

Once Trinity College Dublin is satisfied you have completed step 2 above adequately your financial aid package will be calculated, and you will be emailed 2 documents:

  • A Cost of Attendance Spreadsheet (COA) – this indicates the maximum amount which can be borrowed.
  • A Loan Declaration Form – once you decide how much you want to borrow (not to exceed the COA) you enter the amount of funding you wish to borrow on the Loan Declaration and return signed document to financial aid officer.

NOTE – OUTSIDE SCHOLARSHIP/GRANT RECIPIENTS

  • If you are in receipt of an outside Scholarship/Grant or a Trinity College award, you must notify the Trinity College Dublin in advance by email.
  • Any payments from grants/scholarships or awards will be noted on your Cost of Attendance and will reduce your financial need.
  • If you are awarded a scholarship/grant after you have submitted your loan declaration to Trinity College Dublin, you must notify the financial aid officer by email once awarded.
  • If you fail to declare this information, Trinity College Dublin will reduce any further disbursements of funds due to you.

Disbursements

The first action for all U.S students upon arrival in Ireland should be the opening of an Irish bank account. This will mean quicker processing of any loan payments and the eradication of potential bank charges.
Normal requirements to open an Irish bank account (list not exhaustive): passport, birth certificate, proofs of address, TCD student card.  

Loans are disbursed in two disbursements throughout the academic year; September & January.

You will receive notification by email from the US to state that your loans have been disbursed to the university. It takes approximately 10-12 working days for the funds to be received and processed by Trinity College Dublin.

On both disbursements any tuition/fees due are deducted. If there is a surplus of funds, a refund will be issued to you via Electronic Funds Transfer to your bank account.
Please ensure you have entered a valid Irish IBAN and BIC in the ‘capture bank details’ under ‘my financials’ in your my.tcd.ie portal to facilitate any potential refunds.

In the case of Parent PLUS Loans, College must have permission from the parent to release surplus funds to a student. The parent’s signature is required on the Loan Declaration Form. 

If you have paid your fees in full, then a full refund will be issued for the euro value of the funds via Electronic Funds Transfer.
If your borrowings are insufficient to cover your tuition fees, the excess should be paid by you immediately after the 2nd disbursement is received in January.

Please note all refunds processed by Trinity College Dublin to the student will be in Euro.  

It is imperative that your correct Irish bank details are entered on your student portal for us to be able to issue your refund.

Withdrawing from Trinity College Dublin

If you wish to withdraw from Trinity College Dublin, The University of Dublin the following process must be followed;

Undergraduate:
https://www.tcd.ie/undergraduate-studies/academic-progress/withdrawal-college.php

Postgraduate:
https://www.tcd.ie/academicregistry/student-cases/

Return of Title IV Funds (R2T4):

The assumption is that a student will attend the university for the full period in which the aid was awarded. If a student who is in receipt of US Federal Funding withdraws (officially or unofficially) from the college we will determine on a pro-rata basis the amount of loan money to be returned to the Federal Student Aid Program. Once 60% of the semester is completed, a student is considered to have earned all of their financial aid and will not be required to return any funds.

A withdrawal from the Federal Loan Programme may affect your future financial aid eligibility and your personal finances.
Note:  The return of Federal Loan Funds takes precedence over the college’s own tuition refund policy in the event of withdrawal. However, students should note that the return of loan funds does not cancel their liability to Trinity College Dublin for any tuition fee balance outstanding on their account.

When a student withdraws, the college is required to calculate the amount of “unearned” funds to be returned. Unearned funds are calculated pro-rata, based on the number of days attended during the loan period, up to the official date of withdrawal. We will calculate the number of days attended as a percentage of the total number of days in the loan period. This determines the amount of “earned” funds, and any remaining “unearned” funds must be returned to the US Federal government.
Regulations require Trinity to perform calculations within 30 days from the date we determine a student has withdrawn. We must return the funds within 45 days of the calculation.

Example of return calculation;
If a term last 60 days excluding any scheduled breaks and a students received €10,000 for the entire term but only attends 20 days they have only completed 33.3% of the term (€3,333 entitlement) and 66.7% of the funds are to be returned (€6667).
This calculation is applied to the total amount disbursed for the loan period. Therefore, a student who received a refund (for living expenses etc.) from the college after tuition was deducted will be required to repay the “unearned” portion themselves.
If a student never takes up attendance in Trinity we must return the monies which were due for disbursement.

Institutional Refund Policy:

When a student withdraws, the college is required to return any “unearned” funds, up to the net amount disbursed from each source, in the following order. The university return via G5 and you as the student may be required to return your own living expenses portion.
• Unsubsidized Direct Loans
• Subsidized Direct Loans
• Direct/Parent PLUS Loans

Exit Counselling:

You are required to undergo Exit Counselling during your final year, before you graduate.
Also, if you withdraw from the college, or drop below half-time attendance, you are required by law to have Exit Counselling beforehand.
Once complete you must send confirmation of exit counselling to the university.
You can complete your Exit Counselling at the following link; https://studentloans.gov/myDirectLoan/index.action

Trinity College Dublin, The University of Dublin is obliged to provide the below disclosure information;

  1. All information pertaining to Financial Aid at Trinity College Dublin is detailed above.
  2. The contact email for all information as detailed above is academic.registry@tcd.ie in the first instance and then you will have a personal contact throughout the process.
  3. Detailed information on all the federal loan rules and regulations can be found in the official handbooks via the below link;
  4. https://ifap.ed.gov/ilibrary/document-types/federal-student-aid-handbook

  5. Students may obtain private loans from SallieMae, subject to credit check and lending criteria. Under the ‘Truth in Lending Act’, we are required to disclose consumer information related to these private loans.  Details can be found here; https://www.salliemae.com/
  6. Trinity College Dublin Academic Programmes (prospectus) can be found at the below link;
  7. https://www.tcd.ie/academicregistry/admissions/

  8. Trinity College Dublin Academic Fees can be found at the below link;

https://www.tcd.ie/academicregistry/fees-payments/
Please note the ineligibility for federal aid for some programmes (detailed above). 

Trinity College Dublin, The University of Dublin, general policies to note;

  1. Trinity College Dublin adheres to the following policies – detail on fire safety, crime prevention, drug & alcohol policy, counselling services, disability services etc. can be found here;
  2. https://www.tcd.ie/about/policies/

  3. Trinity College Dublin athletic programme information can be found here;
  4. Sports Scholarships - Trinity Sport - Trinity College Dublin (tcd.ie)

  5. Trinity College Dublin data protection legislation can be found here;
  6. https://www.tcd.ie/info_compliance/data-protection/

  7. Trinity College Dublin student record privacy policies can be found here;
  8. https://www.tcd.ie/about/policies/records_management2.php

  9. Trinity College Dublin copyright policy can be found here;
  10. https://www.tcd.ie/info_compliance/copyright/

  11. Trinity College Dublin adheres to the following ‘recognition of prior learning policy’.

  12. Trinity College Dublin graduate reports can be found here;
  13. https://www.tcd.ie/Careers/resources/publications/

Every effort is taken to ensure the above information is accurate and current however Trinity College Dublin are not bound by any errors or omissions.

Satisfactory Academic Progress Policy (SAP)

Policy For Satisfactory Academic Progress (SAP) – Title IV Eligibility for Student Receiving Title IV (FSA) Federal Student Aid (Direct Subsidised, Unsubsidised, Grad Plus and Parent Plus loans)

1. Overview:

Satisfactory Academic Progress 668.34 (a) Satisfactory Academic Progress policy
Trinity College Dublin must establish a reasonable satisfactory academic progress policy for determining whether an otherwise eligible student is making satisfactory academic progress in his or her educational program for each academic year and may receive assistance under the Title IV, HEA programs.
Students wishing to apply for and receive Title IV assistance (Direct Subsidised, Unsubsidised, Grad PLUS and Parent PLUS loans) must meet specific academic progress requirements in order to maintain Title IV financial aid eligibility.
Note: The same academic standards apply for (SAP) for students in receipt of US Federal Student Aid as apply for other students who are not in receipt of US FSA. The policy provides for consistent application of standards to all students within categories of students, e.g. full-time, part-time, undergraduate, and graduate students, and educational programs established by the school.
Satisfactory academic progress requires a student to accumulate a minimum number of credit hours over a maximum timeframe and a minimum cumulative grade point average for each period of attendance.  The standards apply to undergraduate and postgraduate students in receipt of Federal Student Aid and studying at Trinity College Dublin on full-time and part-time programmes.
Students can not apply for federal aid to cover the following ineligible programmes:

  • Study abroad (unless the other university meets all of the federal aid eligibility requirements)/exchange programmes
  • Correspondence, distance or online courses
  • All nursing programs both postgraduate and undergraduate
  • Certificate or diploma courses
  • Courses where a portion is based in the USA. An exception may be made for PhD students conducting research at a US institution where that research cannot be conducted in Trinity College Dublin.

Satisfactory Academic Progress is determined by:

  •  Quantitative Measurement
  • Pace of Progression (Credit Hours)
  •  Qualitative Measurement (GPA)
  • Maintain a minimum cumulative grade point average
  • Maximum Timeframe

2. (Quantitative Measurement): 

Students must complete attempted hours according to the following

  • Completion of 67% of cumulative hours attempted
  • *i.e. 12 hours attempted, 8 hours must be completed (8/12 = 67%)
  • Grades of “I”, “W”, or “F” are considered as attempted hours
  • Transfer credit hours accepted by Trinity College Dublin will count as both attempted and completed hours
  • Once a student completes coursework for an “I” grade, or a grade is changed, academic progress will be reviewed again to determine Satisfactory Academic Progress
  • Students who are required to repeat failed courses or modules are not eligible for US FSA in respect of those courses. However, a student who is permitted to retake a failed examination before the commencement of the following academic year, and who passes, will be permitted to advance without loss of SAP.

3. (Qualitative Measurement)

Students must maintain a minimum cumulative grade point average of 2.0.

4. Maximum Timeframe

Degree requirements must be completed within a Maximum Timeframe. Federal law requires a Maximum Timeframe of no more than 150% of the published length of the academic program. Hours earned at Trinity College Dublin and accepted transfer hours are included in this timeframe. For an undergraduate program that requires 120 credit hours for completion, the maximum attempted hours would be 180 (120 x 150% = 180). For a graduate program that requires 60 credit hours for completion, the maximum hours would be 90 (60 x 150% = 90).
If you have exceeded the maximum time-frame to complete your degree program, you are not eligible for a Financial Aid Warning semester. You are no longer eligible to receive financial aid unless you win an appeal.

5. SAP Monitoring

A student’s SAP will be evaluated at the end of each semester. All periods of attendance will be included in this evaluation regardless of whether the student received financial aid. This evaluation will include a measurement of student’s progress set forth in the qualitative standards (GPA) and quantitative standards (credits). A student who fails to meet SAP standards at the end of the term will be notified by email that they are being placed on Financial Aid Warning.

6. Financial Aid Warning

If a student fails to meet the minimum requirements as stated in the qualitative and quantitative section, the student will be placed on financial aid warning. Financial Aid Warning is a status assigned if you were previously meeting SAP policy standards, however at the last SAP review, you failed to make satisfactory academic progress. This is an alert to inform you that if the SAP policy standards are not met during the warning semester, you will no longer be eligible for future financial aid. Students cannot be placed on a Financial Aid Warning for two consecutive periods.


The SAP status is checked at the end of each semester, including summer. At the end of your Financial Aid Warning semester, your SAP status will be re-evaluated to determine if the requirements of the SAP policy have been met. You must be meeting the SAP policy requirements to continue to receive financial aid. Otherwise, you will be placed on Financial Aid Suspension and will not be eligible to receive financial aid.


Good Standing – eligible to receive financial aid If the overall SAP Policy requirements are met at the end of the probationary semester, your SAP status will be updated to ‘good standing’ (making satisfactory academic progress) beginning with the next semester. You will be eligible to receive federal aid.


Financial Aid Suspension – not eligible to receive financial aid if the overall SAP Policy requirements are not met at the end of the Financial Aid Warning semester, then you be placed on Financial Aid Suspension and you will be suspended from receiving any financial aid beginning with the next semester and for future semesters until the SAP Policy requirements have once again been met. Any federal student aid previously awarded for the upcoming semester will be cancelled. You may submit a SAP Appeal to request to have you financial aid reinstated.

7. Appeal

A student has the right to appeal if he/she feels that he/she has complied with the requirements of the satisfactory academic progress policy or believes that there are extenuating circumstances that occurred.


Examples of extenuating circumstance are the death of a relative, an injury or illness to an immediate family member or student, or similar special circumstances that could affect the academic performance. To appeal a financial aid suspension, the student must submit a written appeal within 10 calendar days of receipt of the notice of suspension. Written appeals should be sent to the Financial Aid Officer at finnegba@tcd.ie and include all supporting documentation. Students may appeal ineligibility by providing information on extenuating circumstances which may have caused a deterioration in academic performance, and by indicating what has changed in order to bring about SAP. In this event, extenuating circumstances must be serious in nature and documentary evidence must be provided. Submission of an appeal is not an automatic approval. If the appeal is denied, the student will be ineligible to receive Title IV aid until the academic requirements are met. Appeals will be acknowledged as received within 48 hours of receipt of the appeal, and the appellant will receive a decision within 5 working days of the receipt of appeal date. Federal Student Aid funding will not be disbursed while an appeal is being considered.

8. Probationary Periods

If the student’s appeal is granted, the student will be placed on Financial Aid Probation and will have the next succeeding term of enrolment (semester) to meet the minimum requirements as stated above. At the conclusion of the term, the financial aid officer will ensure the student is now meeting the SAP standards in order to qualify for further federal financial aid funding. If the student is not making SAP standards again at that time, the student will be placed on financial aid suspension again and be required to submit a new appeal, including an academic plan.

9. Academic Plan

An academic plan will be completed between the student and Academic Advisor. Academic Plans are submitted each term that a student is approved to return resulting from a successful appeal of a financial aid suspension. The plan must include benchmarks that students will meet to ensure they are making progress to degree and will render the student eligible for aid again under SAP rules (Qualitative and Quantitative measures).

10. Re-establishing Financial Aid Eligibility without Appeal

If the student is allowed to attend Trinity College academically, they may continue at their own expense to attempt to improve completion rates and/or GPA issues. Once a student is back into compliance with SAP, they may contact the Financial Aid Officer for review of reinstatement of their financial aid.

Short version - Direct Loan Guidelines

Direct Loan FAQ

Frequently asked questions you may have about US student loans
For additional help or information, contact Barry Finnegan at finnegba@tcd.ie or dial +353 1-896-4464


  • What is the deadline to register my loan interest with the Trinity College Dublin Federal Aid Officer?
    Documentation required to avail of federal loans for the coming academic year should be submitted by July 31st to the federal aid officer.

  • Do Trinity College Dublin provide scholarships?
    Scholarships are managed locally at school level. Please enquire with your school regarding potential scholarships. The federal aid officer must be advised of any awarded scholarships you may receive.

  • Will I receive my funds before I begin my studies for rent or travel costs?
    Loan funds may only be applied to your account 10 days before the start of the academic semester. Loans will be disbursed upon determination that you are registered and attending as per federal guidelines. Usually this determination is done once post 1st September. Please ensure you have sufficient funds to cover your short-term needs, especially if your loan application was late. While we try our best to make the loan process as smooth as possible, sometimes delays and problems occur that are out of our control.

  • How do I complete online registration as a federal aid student?
    Trinity College Dublin requires all students to pay all levies and half of their fees prior to registering. Students who have submitted a signed loan declaration will have a flag raised on their account to reduce their required payment amount upon registration by the value being borrowed.

  • Upon entering Ireland how can I show immigration that my fees are being covered (fully/partially) by federal aid?
    Please bring a copy of your loan declaration form in conjunction with your visa letter which you can print from your student portal. Your student bill will also show details of any federal aid pending. Please note your bill will no longer be available upon registration. Note the above is for guideline purposes only and you should consult the citizens information site to confirm all required documentation upon arriving in Ireland.

  • Do I need to open a bank account after I get to Ireland?
    We recommend that all students open an Irish bank account upon arrival in Ireland. This will prevent delays in receiving your cost of living funds. Students using US bank accounts have experience considerable delays in the past. Students should pick up a letter from the Academic Registry to show proof of address and enrolment for the purposes of opening an Irish bank account.

  • What will the exchange rate be if I’m eligible for a refund of excess loan amounts?
    Your funds will be converted to €Euro on receipt and currency conversion costs will apply. Although the COA uses a static exchange rate to calculate costs, the actual amount the University receives on be different as it will depend on the exchange rate on the date the funds are received.

  • Does Trinity College Dublin provide a 1098t?
    Trinity College Dublin do not supply 1098t forms as the university does not hold an EIN however an alternative letter can be requested from the federal aid officer. Please consult with your tax professional to determine if you’re eligible for education tax credits.

  • What is the difference between a Dependent and Independent student?
    All graduate/professional students are considered independent; otherwise to be considered independent you must fit into one of the categories below:
    • Are older than 23 years at the time of completing the FAFSA
    • Are currently or have been married at the time of completing a FAFSA
    • Are a parent
    • Are a veteran
    • Are a ward of the court
    The classification of your dependency status is used to determine how much of the Federal Stafford loan is available to you.

  • What is the Cost of Attendance (COA)?
    The total amount of money that a student will require to attend school is known as the Cost of Attendance (COA). This is set annually by Trinity College Dublin. Federal law allows the value to include:
    • Tuition fees and levies
    • An allowance for books, supplies and transport (including airfares)
    • An allowance to cover room and board (rent or hall charges)
    • An allowance for dependent care if necessary
    • An allowance to assist with any disability

  • What is a FAFSA?
    The Free Application for Federal Student Aid (FAFSA) is the form used by the US Department of Education to determine your Expected Family Contribution (EFC) by conducting a “need analysis” based on financial information, such as income, assets and other household information, which you (and your parents if you are a dependent student) will be asked to provide. The form is submitted to, and processed by, a federal processor contracted by the US Department of Education (ED), and the results are electronically transmitted to the financial aid offices of the schools that you list on your application. The FAFSA is the application used by nearly all colleges and universities to determine eligibility for federal, state, and college-sponsored financial aid, including grants, educational loans, and work-study programs.

  • What is a SAR?
    The Student Aid Report is a compilation of all the information that was submitted on the FAFSA. The information will be used by the school to assess eligibility for Federal loans; therefore it is important that the information is accurate. Changes can be made by logging back into the FAFSA website.

  • What is an MPN?
    A Master Promissory Note is a legally binding document under which the borrower promises to repay the loan and to comply with the terms and conditions of the agreement.

  • What is the EFC?
    The Expected Family Contribution (EFC) is the amount that dependent students are expected to receive in financial support from their parents. EFC is determined by a Federal government calculation that examines the family resources available from a family’s income (less allowances for taxes and living expenses) and assets (less allowances for retirement) to assist a student in their studies. A percentage of these available amounts are earmarked as EFC.

Private Loan (Sallie Mae) FAQ

Frequently asked questions you may have about Sallie Mae Loans
For additional help or information, contact Barry Finnegan at finnegba@tcd.ie or dial +353 1-896-4464

  • What is the deadline to apply for my Sallie Mae loan with the Trinity College Dublin Federal Aid Officer?
    Students should apply for a Sallie Mae Loan for the upcoming academic year by July 31st. Applications received after this date will be accepted but there may be a delay in funding being received and disbursed to the student.

  • Do Trinity College Dublin provide scholarships?
    Scholarships are managed locally at school level. Please enquire with your school regarding potential scholarships.
    The federal aid officer must be advised of any awarded scholarships you may receive.

  • Will I receive my funds before I begin my studies for rent or travel costs?
    Sallie Mae funds are disbursed after you begin your program. Loans will be disbursed upon determination that you are registered and attending your course. Usually this determination is done once post 1st September.
    Please ensure you have sufficient funds to cover your short-term needs, especially if your loan application was late.
    While we try our best to make the loan process as smooth as possible, sometimes delays and problems occur that are out of our control.

  • Who can apply for Sallie Mae loans?
    Most US citizens and permanent residents of the U.S. enrolled on courses at TCD. Good credit history is likely to be necessary and a co-signer may be required.

  • What are the interest rates and fees?
    Variable depending on your lender and credit rating. Typically higher than federal loan rates.

  • How do I receive my funds?
    Your Sallie Mae loan will be released as one disbursement directly to Trinity College Dublin. Your fees and levies will be deducted from your disbursement and the remaining balance will be refunded to you for cost of living expenses.

  • Upon entering Ireland how can I show immigration that my fees are being covered (fully/partially) by federal aid?
    Please bring a copy of your Sallie Mae loan approval form in conjunction with your visa letter which you can print from your student portal.
    Your student bill will also show details of any financial aid pending. Please note your bill will no longer be available upon registration.
    Note the above is for guideline purposes only and you should consult the citizens information site to confirm all required documentation upon arriving in Ireland.

  • Do I need to open a bank account after I get to Ireland?
    We recommend that all students open an Irish bank account upon arrival in Ireland. This will prevent delays in receiving your cost of living funds. Students using US bank accounts have experience considerable delays in the past. Students should pick up a letter from the Academic Registry to show proof of address and enrolment for the purposes of opening an Irish bank account.

  • Does Trinity College Dublin provide a 1098t?
    Trinity College Dublin do not supply 1098t forms as the university does not hold an EIN however an alternative letter can be requested from the federal aid officer.
    Please consult with your tax professional to determine if you’re eligible for education tax credits.

  • What will the exchange rate be?
    Your funds will be converted to €Euro on receipt and currency conversion costs will apply. Although the COA uses a static exchange rate to calculate costs, the actual amount the University receives on be different as it will depend on the exchange rate on the date the funds are received.