Please see chart to determine your eligibility for aid.
The Student Enrollment and Financial Services Office (SEFS), located in Rodman Hall, is here to help explore your loan options, as well as guide you through the loan application process. For more information on Stafford, Grad PLUS or Private loans please click on the links below. If you have any questions regarding your loan options, please call SEFS at 216.397.4248.
In order to be eligible for a Federal Stafford Loan a student must apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). Once the FAFSA has been completed the OFA will mail an award letter to the student. Graduate students are typically awarded in June for the upcoming academic year. If the financial aid award letter includes a Federal Stafford Loan, the student should accept or decline the loan through BannerWeb.
If you are a student loan borrower at JCU, you will need to complete a Federal Direct Loan Master Promissory Note as well as Direct Loan Entrance Counseling. You may have completed both of these requirements at your previous institution, but you will need to complete them again in order to borrow at JCU and have these funds credit your student account.
Graduate PLUS Loan
Graduate and professional degree students enrolled at least half-time, are eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other estimated financial assistance.
Applicants for the Grad PLUS loans are required to complete the Free Application for Federal Student Aid (FAFSA). They also must have applied for their maximum annual loan eligibility under the Federal Stafford Loan Program before applying for a Graduate/Professional PLUS loan. Note: Even though it is called the Graduate PLUS Loan program, the loan is in the graduate student’s name (not their parents’ name). This loan is credit-based; therefore, borrowers must not have an adverse credit history in order to be approved for the Graduate PLUS loan. The interest rate on the Graduate PLUS loan is 7.00 percent for loans disbursed between 7/1/2017 and 6/30/2018.
The TEACH Grant provides up to $3728 a year, to be prorated for less than full-time enrollment, up to a maximum of $8000 for grant assistance to graduate students completing certain course work in teaching.
In exchange for the grant, a student must sign an agreement to serve as a full-time teacher at certain low-income schools within certain high-need fields for at least four academic years within eight years after completing (or ceasing enrollment in) the course of study for which the candidate received the TEACH Grant.
TEACH Grant recipients must submit evidence of employment as certified by the chief administrative officer of the school upon completion of each year of teaching service.
Other Sources of Aid
Please visit our Private Loan page for more information.
For information on Grants and Scholarships, please visit here