In addition to scholarships, you may be eligible for other financial aid programs. For a quick estimate of eligibility for federal aid, you might want to check out an online need estimator such our Net Price Calculator.
The FAFSA, available from your high school guidance counselor, University of Jamestown, or online is the form you use to apply for state and federal aid. Consult the FAFSA for deadline information. University of Jamestown’s Federal School Code is 002990 (we are currently listed as Jamestown College on the FAFSA site)
- Federal Pell Grant (up to $5,730 during the 2014-2015 school year); eligibility determined by federal guidelines.
- Federal Supplemental Education Opportunity Grant (annual amount varies from year to year); is need-based; limited funding available.
- North Dakota State Grant (up to $1650 annually for the 2014-2015 school year for eligible students); eligibility determined by state guidelines. In order to be considered for a North Dakota State Grant, your FAFSA form needs to be processed by April 15.
- North Dakota Academic Scholarship/North Dakota Career and Technical Education Scholarship ($1500/year to be reviewed each semester for minimum 2.75 GPA); eligibility based upon ACT or WorkKeys scores and determined by state guidelines. The student must be enrolled for at least 12 hours the first two semesters and 15 hours each term thereafter.
- North Dakota Scholars – full-tuition scholarships (shared by the state and University of Jamestown); merit-based (ACT score) as determined by state guidelines; 3.5 GPA required to maintain scholarship.
- North Dakota Indian Scholarships – $1250/year undergraduate maximum, $1870/year graduate maximum; merit and need-based; must maintain minimum 2.0 GPA; eligibility determined by state guidelines.
University of Jamestown may have need-based funding available to qualifying students. Please complete the FAFSA for determination of your eligibility for this funding.
Federal Loan Programs
University of Jamestown participates in the federally-funded Direct, Perkins, and PLUS Loan programs.Free Application for Federal Student Aid (FAFSA) results determine eligibility for Direct and Perkins Loans.
Subsidized vs. Unsubsidized Direct Loans?
You pay no interest or principal on federally-subsidized loans until six months after graduation, withdrawal from college, or until your course load is less than six credits. Interest on unsubsidized loans accrues while you are in college, but the principal is still deferred.
You pay no interest or principal on Perkins loans until nine months after graduation, withdrawal from college, or until your course load is less than six credits.
Subsidized vs. Unsubsidized Direct Loans
The Direct Loan limit for freshmen is $3,500 beginning in the fall of 2007. The Direct limit for sophomores is $4,500, while juniors and seniors can borrow up to $5,500. Unsubsidized loans are an option for those not eligible for the subsidized loan program. In addition, a student may borrow up to $2,000 Unsubsidized Direct Loan per year.
The Perkins Loan is need-based with limited funding. The annual limit is $5,500 with an interest rate of 5 percent.
In order to borrow funds through the Direct or Perkins Loan programs, students must complete entrance counseling. If you have both Direct and Perkins Loans, you must complete entrance counseling for both types of loans:
Alternative / Private Education Loan Program
Private alternative loans should be utilized only after all other financial aid resources have been exhausted. Students have the right to select an eligible lender and the University of Jamestown will process the request in compliance with federal and institutional packaging guidelines. Students are encouraged to check the lender’s value and benefits, fees, interest rates, repayment options, and customer service. The University of Jamestown maintains a list of alternative/private educational loan lenders through which we have processed loans in the past five years and that are currently offering private educational loans. Students are free to select a private loan program that is not on this list. If a student chooses to borrow from a private loan program, the choice of a lender or loan program is entirely the choice of the student.
You also may qualify for campus employment. Two programs, one under federal guidelines and the other through University of Jamestown, enable students to perform a variety of jobs: office work, residence hall maintenance, food service, custodial help, lab assistance, tutorial services and more. Your earnings from campus employment are intended to offset educational charges. Early application is encouraged, as we have a limited number of jobs for students.
Installment Payment Plan
University of Jamestown participates in a custom billing installment plan administered by Tuition Management Systems. This option can help ease payment of college costs. Monthly payments are interest free. No credit checks or finance charges apply. An enrollment fee is required. You may change the amount budgeted and the monthly payments after enrollment if changes in financial aid, scholarships or loan amounts occur. For more information, refer to the Tuition Management Systems brochure or contact the agency at 1-800-722-4867.