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 at least half-time.

  • Freshman students may borrow up to $3,500 per year.
  • Sophomore students may borrow up to $4,500 per year.

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 meet the standards of academic progress to be eligible for a loan. The standards of academic progress are measured in three areas: completion rate, cumulative grade point average, and maximum time frame. You may go to the standards of academic progress section for additional information. Financial aid will only pay for classes required for the students major.

All new JSCC students that are also borrowing a student loan for the first time will have to wait until 30 days into the semester before the loan will be disbursed. Students are required to submit a class attendance verification (CAV) for each check disbursement. You may go to the check disbursement process section for additional information on submitting a CAV.

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.

Students who are new borrowers on or after July 1, 2013 cannot receive subsidized loans for more than 150 percent of the published length of the borrower’s educational program.

Federal Direct Unsubsidized Loans are 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 My JSCC 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 4.66% for new loans first disbursed on or after July 1, 2014.

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