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Financial » Financial Aid

Federal Direct Loan Program

Although Jefferson State does not encourage students to borrow, there are loan programs to help those students who otherwise would be unable to attend school. Repayment normally begins six months after the student completes their program of study or ceases to be enrolled as at least half-time.

Jefferson State Community College has a life-time loan limit of $31,000. This includes loans received at previous institutions. There is no separate application for these funds; completion of the FAFSA is all that is required to apply.

A student must be enrolled in at least 6 credit hours to be eligible for a loan. Additionally, a borrower must maintain a 2.0 GPA. Financial aid will only pay for classes required for the students major.

Federal Direct Subsidized Loans: provides students the opportunity to borrow funds for education costs at low interest rates. For students with a defined need, the federal government subsidizes the interest during certain specified periods.

Federal Direct Unsubsidized Loans: is not awarded on the basis of need. The student will be charged interest from the time the loan is disbursed until it is paid in full. If the interest is allowed to accumulate it will be added to the principal amount of your loan.
 
Students who receive subsidized and unsubsidized loans in the fall and spring may not be eligible for any additional loans for the summer term.

Students will be able to view their award notification and instructions to receive their funds on their Pipeline account under the Financial Aid tab once their award has been completed. If the student is receiving a loan there are additional steps for students to complete. Click on the Eligibility tab under the Financial Aid tab and then click on the Loan Entrance Review and Promissory Note to be directed to the Federal Web Page.

Direct Subsidized and Direct Unsubsidized Loans have a fixed  interest rate of 6.8 for new loans first disbursed on or after July 1, 2007.

Jefferson State does not participate in the Direct Parent Plus Loan Program.