Loan applications

Université Laval’s accreditation from de U.S. Government for the Direct Loan Program is valid until June 30, 2022.

Eligibility criteria

Step-by-step process for getting a loan

Calculating financial need


Eligibility criteria

To be eligible for the Direct Loan Program (DLP) you must:

  • Be a U.S. citizen or permanent resident and have a valid U.S. Social Security Number (SSN)
  • Be accepted in a Université Laval degree program (bachelor’s, master’s, or doctorate)
  • Be registered for at least 6 credits of classroom coursework (distance education and second-language-French courses are not eligible)
  • Have enough room under your annual or lifetime loan limit
  • Continue to make satisfactory academic progress at Université Laval

Step-by-step process for getting a loan

A) Here’s what you need to do before we can begin processing your loan application:

  1. Apply for admission to a Université Laval degree program (bachelor’s, master’s, or doctorate) and be accepted.
  2. Complete your Free Application for Federal Student Aid (FAFSA), giving Université Laval as your educational institution (code: G06837). If you plan to start in the fall semester, we recommend you complete your FAFSA by the end of June. The online form is available as of January 1 each year.

Once you’ve completed your FAFSA and have been accepted into your program, contact us and we’ll open a file for you to officially start the loan application process.

B) At this point we’ll email you the following forms to complete:

  1. Student’s annual declaration
  2. Confirmation of enrolment for the academic year

The forms are to collect information on you and your academic program (level, program name, number of credits, expected graduation date) as well as your anticipated sources of income (scholarships, bursaries, grants, other loans, and so forth).

C) Go to and complete the following:

  1. If this is your first loan application, you are required to complete Entrance Counseling. This is to ensure you understand the responsibilities and obligations that come with your loan.
  2. A Master Promissory Note (MPN), a legal document in which you promise to repay your loan(s) and any accrued interest. An MPN must be filled out every year.

Calculating financial need

À la suite de la réception de tous vos documents et de l’étude de votre dossier, nous vous informerons des montants d’aide auxquels vous aurez droit.

Le calcul est déterminé de la façon suivante:

Types of loan Calculation
Direct Subsidized Loan = COA – EFC – EFA
Direct Unsubsidized Loan = COA – EFA
(including Direct Subsidized Loans)
Direct PLUS Loan = COA – EFA
(including Direct Subsidized and Direct Unsubsidized Loans)

The Cost of Attendance (COA) is the total cost of tuition fees, textbooks and other supplies, and living expenses (room, board, transportation, etc.) based on the expected number of semesters of enrolment in the academic year.

The Expected Family Contribution (EFC) is calculated based on the income data entered in your FAFSA for yourself and your family, as applicable. The calculation for the loan application year is based on your income from the previous year. This is what you (and your parents, if you are a dependent) are expected to contribute according to U.S. Department of Education calculations for a year of studies. The EFC appears on the first page of your Student Aid Report (SAR).

Estimated Financial Assistance (EFA) is all the other sources of income you expect to receive to pay for your studies, such as scholarships, grants, other loans, or employment income.

We suggest that you work out what your living and studying expenses in Québec City are likely to be before you arrive. To help with this, you can look at our sample student budget.


Confirmation of your loan

The amount calculated by BBAF is the maximum you are entitled to. You have the option of taking less, given that the money is a loan that must be paid back in full, with interest.

You will receive a Disclosure Statement from the U.S. government confirming the amount you qualify for once we have finished processing your application and have entered the information in your file.


Payments are made once per session, after the deadline for course withdrawal with tuition refund (about a month after the beginning of term).

Your loans are paid directly into your Université Laval account and converted automatically into Canadian currency at the current exchange rate. Part of your loan goes to pay your tuition fees, and any remainder is deposited in your personal account. We will email you a detailed notification of deposit at that time.