Consumer information

The US government requires institutions which offer federal student loans to disclose the following consumer information.

If you require any further information about the content, please email US Loans.

Consumer information activities

Further Information

Refund policy, requirements for withdrawal and return of Title IV financial aid

Ravensbourne is required by federal regulations to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term – returning any unearned loans to the US Department of Education. The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal.

For further information about the University's refund policy, please see Ravensbourne's Admissions and transfer policy.

Satisfactory Academic Progress (SAP)

While in receipt of direct loan funds for the loan period outlined on your loan application, you are required to be enrolled in your programme, as well as maintaining 'Satisfactory Academic Progress (SAP)'. SAP means that you are required to maintain an indicated passing grade average in each term. 

For further information, please see Ravensbourne's Satisfactory Academic Progress Policy.