Federal Direct Loans
Federal student loans are available to help cover the cost of higher education for students who are enrolled at least half-time (six credits).
HOW IT WORKS:
Subsidized Federal Direct Loans are available to degree-seeking undergrad students who demonstrate financial need.
Interest is waived on subsidized loans as long as a student is enrolled full time. Upon graduation or dropping below full time (12 credit) status, interest will begin to accrue.
The Unsubsidized Federal Direct Loan is not based on financial need; interest is charged throughout the life of the loan. Students can choose to make monthly interest payments or allow interest to capitalize. If interest is capitalized, it is added to the principal balance of the loan and the Department of Education will charge interest on the new principal amount. This option will increase the total amount repaid over the life of the loan.
File a FAFSA
Once financial aid eligibility is determined, you will receive a financial aid award letter. You may accept all or a portion of the awarded loans.
BEFORE LOAN FUNDS CAN BE DISBURSED, YOU MUST COMPLETE:
Entrance Counseling – An online counseling session that helps guide you in managing your student loans, both during and after your program.
Federal Direct Loan Details
Graduate PLUS Loan
After all unsubsidized loans have been exhausted, this federally sponsored loan program allows you to borrow to meet educational expenses
Graduate PLUS Loan Details
ALTERNATIVE EDUCATION LOAN PROGRAM
Private education credit-based loans that are offered by several financial lending institutions.
HOW IT WORKS:
These loans can be utilized in addition to or in lieu of federal direct loans. Prospective borrowers may qualify for loans or other assistance under the Title IV, Higher Education Act (HEA) programs. Terms and conditions of the Title IV, HEA program loans may be more favorable than the provisions of the private education loans. You have the right to select an eligible lender; University of Jamestown will process the request in compliance with federal and institutional packaging guidelines.
University of Jamestown maintains a preferred listing of private lenders through which private loans have been processed for students. Loan options can be compared and applications accessed from . For a more in-depth look and comparison of participants in the Private Loan program visit . We will certify a private loan through any lender for an eligible student, whether that lender is on our preferred lender listing or not.
Private Alternative Loans (FASTChoice)