NJ Class Loan Program Fixed rate depends on repayment options. There are origination fees and in some cases processing fees. Federal Stafford Loan repayment begins six months after graduation or less than half-time enrollment. Repayment on the Federal PLUS and NJ Class loans begins within sixty days after receipt of the check. In-school deferments are possible in some cases.
Borrowers have at least five, but no more than ten years to repay the loan if the lender is willing.
NJ Class Loan borrowers have 15 years for repayment. There are also several other alternative loans available. Students go through an orientation process. Additional jobs may be available through the office of Human Resources on campus. To maintain eligibility for financial aid, students must meet the standards of academic progress as set by the College as well as any additional criteria imposed by federal and state regulations.