United States of America
Federal student loans
As of 1st January 2012, ECU is a 'Deferment Only' institution and therefore no longer certifies US Federal Loans such as loans applied for under the Direct Loan Program (DLP) or the Federal Family Education Loan Program (FFELP).
Private Student Loans
We predominately liaise with Sallie Mae, a private loan provider for US students' educational requirements (e.g.tuition fees and living expenses).
If you are successful in obtaining a private loan, ECU will normally receive 2 cheques over the course of 12 months or the period of enrolment up to 12 months for each loan.
The cheque is made co-payable to you and the University, therefore ECU will contact you once each cheque arrives to organise the deposit of the cheque.
US Veterans - Post 9/11 GI Bill-Chapter 33
The Post - 9/11 GI Bill is an education benefit program for individuals who served on active duty on or after September 11, 2001.
Receiving Benefits under the Post-9/11 GI Bill
Post-9/11 GI Bill benefits are payable for training pursued on or after August 1, 2009. No payments can be made under this program for training pursued before that date.
You may be eligible if you served at least 90 aggregate days on active duty after September 10, 2001, and you are still on active duty or were honorably:
- discharged from the active duty; or
- released from active duty and placed on the retired list or temporary disability retired list; or
- released from active duty and transferred to the Fleet Reserve or Fleet Marine Corps Reserve; or
- released from the active duty for further service in a reserve component of the Armed Forces.
You may also be eligible if you were honorably discharged from active duty for a service-connected disability and you served 30 continuous days after September 10, 2001.
For more information you can log onto the GI Bill website.
We can approve deferments for students who have already received US Federal Student Loans.
If you have received a US Federal Student Loan in the past and you are enrolled at Edith Cowan University on at least a part-time basis, you can apply to defer repayment of those loans.
Please contact your lender for the appropriate deferment form and submit this with your request to the International Sponsorship & Scholarship Office.
SallieMae, the Federal Trade Commission and the American Student Association (ASA) provide additional information to assist you:
- SallieMae resources:
- Forms web page - commonly used forms
- Repayment Plans Comparison Chart Fact Sheet (PDF)
- Top 10 Things To Do When It's Time To Repay Your Student Loan Fact Sheet (PDF)
- Federal Trade Commission (USA) Consumer Information Student Loans web pages - a joint publication of the Federal Trade Commission and the U.S. Department of Education for information on student loans, private loans, deceptive loan practices and consolidation of Federal Loans
- American Student Assistance (ASA) website (http://www.asa.org/) - while ASA no longer provides loans to US students at Edith Cowan University, they do have a wide range of resources to help manage your loans.
Any funds you receive as part of any loan must be repaid. Understanding your rights and responsibilities are very important to know before signing up with any loan provider.
Cohort Default Rate
Although ECU no longer participates in the US federal student loan program, it is required by US legislation to publish its Cohort Default Rate (CDR).
The CDR is a calculation made by the US Department of Education and is the percentage of students who attended an institution, received federal student loans at some point during their studies and later defaulted on the repayment of their federal loan within a certain period.
For the 2010 Fiscal Year Edith Cowan University had 4 students in repayment and 0 in default.