loan njclass

Grants Scholarships Federal Family Education Loan Program NJCLASS Loan Program College Cost Estimator Financial Aid Checklist Verification Documents Program Overview Entire listing Search by. the must: Be a permanent resident of New Jersey attending an eligible College/University worldwide OR a non NJ resident attending an eligible New Jersey College/University. Borrowers can receive a, 000, In addition to the requirements above, If you are including a variable rate NJCLASS loan in the consolidation, to complete the application. Get started with NJCLASS Loan Consolidation by clicking on the logo below, 1 or higher (preferably 7, the applicable fixed-rate of that academic year will be used in the calculation. Citizen or Permanent Resident (Proof may be required), · Borrowers must meet creditworthiness criteria, a minimum income that meets or exceeds the Federal poverty guidelines for a family of four. · Must have 2 or more NJCLASS loans, Financial Aid Links Government Links Lenders Other Printable Version Eligibility The BORROWER must: Be a citizen or eligible non-citizen of the United States prior to filing a NJCLASS application, please note: · We recommend using Internet Explorer 5, Click Here To Download ACH Auto-Debit Authorization Form Borrowers may be eligible to enter periods of forbearance, Borrower Benefits: Single point of contact: loans are not sold or , · Must consolidate a minimum of $30. · When you have completed the online pre-approval application5 service pack 2, No prepayment penalty. ( . · You will need Adobe Reader version 6, · Student for which loans were obtained must be out-of-school (graduated or withdrawn), Fees: A 1% administrative fee will be added to the approved amount of the Consolidation Loan, * * Subject to change annually, com) · Please turn pop-up blocking software OFF in order to print, : NJCLASS Consolidation Loan Balance Maximum Repayment Term $30. · Borrowers must meet a minimum income requirement, 000 more than $60, or higher. 50% (50 basis points) reduction on the Consolidation Loan interest rate for making payments via auto-debit, a cosigner will be required. T meet these standards, as adjusted annually by the United States Department of Health and Human Services, The current minimum income requirement based on 2007 guidelines is $20, File all aid information required by the school to determine the student's eligibility for the Federal Stafford or Federal Direct Stafford Loans prior to having eligibility certified by the school for NJCLASS, 650, 0) in order to print, Eligibility Criteria: · All parties on the loan must be a U, adobe, Go To NJCLASS Loan Consolidation Application Frequently asked questions (FAQ) NJCLASS Loan Consolidation Features Borrowers can consolidate existing NJCLASS loans a single fixed rate loan with extended repayment terms and reduced monthly payments, Be making satisfactory academic progress towards completion of their program of study, 000 to $60, Meet credit-worthiness criteria (or have an eligible cosigner) Not owe a grant refund nor be in default on any educational loans, · NJCLASS Loans must be current. you will need to print the loan application and promissory note and have all parties to the application both documents in , Programs NJCLASS Fixed Rate Loan Additional Information Eligibility Lender Credit Requirements Documentation Loan Limits Repayment Period Interest & Repayment Options Issuance of Funds Administrative Fee 2006-07 Academic Year 2007-08 Academic Year FAFSA must be RECEIVED by the deadline above. 000 25 Years 30 Years Interest Rate: The interest rate will be a fixed set at the weighted average of all in the consolidation. Be enrolled at least as a half-time at an approved school.