Cost of Attendance (CoA) The Cost of Attendance (COA) will be provided to you on your Financial Aid Letter once you have completed your FAFSA. The CoA is an estimate of your educational related costs for the academic year less any scholarships that you have been awarded (from any source).
GCU will provide a 5% early payment discount which is calculated after all other GCU scholarships are deducted from tuition fees to all Title IV eligible students without regard to when their charges are paid
For further information on GCU and external Scholarships please access these links:
Scholarships
Global education management services
The CoA for students studying at Glasgow Caledonian University (GCU) is set by the Student Funding Team and is increased in line with inflation for each academic year. These educational costs relate only to you, the student. These costs cannot include costs for partners or children (other than childcare or nursery costs). These broad based costs can be broken down as follows as a guide as to how much you may need for your year of study:
The Cost of Attendance consists of two elements:
Tuition costs Living costs. Please note, whilst your CoA can include Travel, we cannot issue loan payments before the beginning of the academic year so you should not rely on your first payment to finance your travel to GCU Glasgow or GCU London
If you are eligible for a Subsidized loan, your Student Aid Index (SAI) will also be deducted from a CoA figure to establish your ‘financial need’.
The college or career school will determine your financial need by subtracting your SAI from the cost of attendance . Learn more about how financial aid is calculated .
SAI Formula for a Dependent Student:
SAI Formula for an Independent Student:
Your SAI will be listed on your FAFSA Submission Summary .
For the academic year 2024/25, the cost of attendance exchange rate will be 1.35
The maximum Cost of Living paid to students (with no dependents) in 2024/25 have been listed below.
Direct Loans incur fees and interest and must be repaid so do not borrow more than you need.
Breakdown of Costs
Undergraduate
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Glasgow
Per week (32 weeks total) Rent 175 (£5,600 total) Utilites/ Food 120 (£3,840 total) Travel Expenses 25 (£800 total) Books/Computer Equipment 30 (£960 total) Personal 70 (£2,240 total) Flights home (2 per year ) if resident in US£2,000 Total £15,440 per year
And loan origination fee and visa and IHS surcharge for 1st year students only Loan Origination fee 1.1% for Subsidised and Unsubsidised Direct loans
4.2% for Parent plus loans
Visa/ International Health surcharge fee 1st year students only £470 per year for international health Surcharge fee £235.00 for a part year
£705 for 12 month programme and 16 month programme is £940.00
24 month programme £1175.00
£363 visa application charge applying from outside UK
Postgraduate
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Glasgow
Per week (48 weeks) London
Per week (48 weeks) Rent 175 (£8,400 total) 280 (£13,440 total) Utilites/ Food 120 (£5,760 total) 120 (£5,760 total) Travel Expenses 25 (£1,200 total) 50 (£2,400 total) Books/Computer Equipment 30 (£1,440 total) 30 (£1,440 total) Personal 70 (£3,360 total) 90 (£4,320 total) Flights home (2 per year ) Flights home (2 per year ) if resident in US£2000 £2000 Total £22,160 per year
And loan origination fee and visa and IHS surcharge for 1st year Postgraduate students only £29,360 per year
And loan origination fee and visa and IHS surcharge for 1st year Postgraduate students only Visa/ International Health surcharge fee 1st year students only £470 per year IHS
£348 visa application charge applying from outside UK
£470 per year IHS
£348 visa application charge applying from outside UK
Loan Origination fee 1.1% for Unsubsidised Direct loans
4.228% for Direct Plus loans 1.1% for Unsubsidised Direct loans
4.228% for Direct Plus loans
Tuition fees
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If you have arranged sufficient loan funds, we will deduct this equally from your loan disbursements to pay your fee in full.
If your loans are less than the tuition fee, we will estimate how much will be received in sterling and ask you to make up any shortfall which you can do through a payment plan with our Finance team
Most students will need a combination of Direct Loans (Subsidized, Unsubsidized and PLUS loans) to cover the full CoA.
Accommodation costs
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You are responsible for paying your own accommodation costs. For students living in University accommodation we will deduct this equally from your loan disbursements to pay your fee in full.
Please note: Essential medical costs and additional course costs can be added if evidence is provided.
Dependent costs
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The US Dept. of Education does not allow additional lending for a spouse. However, if you have dependent children the regulations will allow for the cost of childcare whilst you are attending your studies. Please note that this is the only cost allowed for dependents.
Contact us if you have dependents and need to include the cost of registered childcare in your Cost of Attendance.
Disbursement of aid is conditional upon the following:
Maintaining satisfactory academic progress Enrolled at least half time (at least 50% of a full study load) Studying outside of the USA Compliance with all US Federal regulations (repayment default, fraud,etc). You will receive notification when funds are due for disbursement. Those wanting to cancel or reduce disbursements must make requests to US federal loans.
Loan Entitlement
The following formulas are used to calculate loan entitlements: Direct Subsidized Loan eligibility
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Direct Subsidized Loan eligibility
= CoA - (SAI + EFA)*
Direct Unsubsidized Loan eligibility
= CoA - EFA (inc. Direct Subsidized Loan)*
Direct PLUS Loan eligibility
= CoA - EFA (inc. Direct Subsidized, Unsubsidized and any other expected funding)
*Within maximum annual and aggregate loan borrowing limits.
Stafford Loan Limits
Year of Study Annual Subsidised Annual Total Combined Loans Aggregate Subsidised Aggregate Combined Loans (Sub & Unsub)
Undergraduate Dependent Students
Year 1
$3500
$5500
$23000
$31000
Year 2
$4500
$6500
$23000
$31000
Year 3+
$5500
$7500
$23000
$31000
Undergraduate Independent Students
Year 1
$3500
$9500
$23000
$57000
Year 2
$4500
$10500
$23000
$57000
Year 3+
$5500
$12500
$23000
$57000
Graduates & Professional Students
All Years
$0
$20500
$0
$57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.
$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
Fees and Interest Rates
Origination Fees
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Most federal student loans have loan fees that are a percentage of the total loan amount. The loan fee is deducted proportionately from each loan disbursement you receive while enrolled in school. This means the money you receive will be less than the amount you actually borrow. You’re responsible for repaying the entire amount you borrowed and not just the amount you received. Origination fees change each year.
Interest Rates
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The interest rate varies depending on the loan type and (for most types of federal student loans) the first disbursement date of the loan. Interest rates change each year from the 1st July.
The FY 25 sequester fees are the same as the FY 24 sequester fees. This means for all loans where the first disbursement is made on or after Oct. 1, 2020, and before Oct. 1, 2025 , the loan fees are as follows:
1.057% for Direct Subsidized Loans and for Direct Unsubsidized Loans. As an example, the loan fee on a $5,500 loan would be $58.13.
4.228% for Direct PLUS Loans (for both parent borrowers and graduate and professional student borrowers). As an example, the loan fee on a $10,000 loan would be $422.80.
Loan fee calculations that result in more than two decimal places must be truncated (not rounded) to two digits after the decimal point (cents).
