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Financial Aid for Your Son or Daughter
William Jewell understands the financial aid process at times can be overwhelming. This is true for parents who are sending their first child to college or their third. With so many resources available, how do you narrow things down? We hope that you have visited our websites for scholarships, grants, and student loans, but there is one way to pay for college that is often overlooked.
Federal Parent PLUS Loan
The Federal PLUS Loan is a loan that you, the parent, borrows to assist your son or daughter. It is a borrower-initiated process that can be done online at our Simple Tuition website, or can be done over the phone. The student's financial aid award will indicate the approximate amount necessary to cover the balance for the entire semester; however, you may also elect to borrow more or less depending on the student's needs.
The FAFSA is required by William Jewell to process any Federal loan proceeds. Before completing the loan application, you are encouraged to visit www.fafsa.gov to complete the FAFSA so that there are not delays in processing.
Complete the FAFSA Now!
William Jewell College provides a recommended FFELP lender list with Simple Tuition based on past experience and qualifications; however borrowers are not limited to only these FFELP options. You may also choose one from one of the following comprehensive lists:
PLUS Loan Features
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Maximum borrowed amount equal to Jewell's cost of attendance less other aid received on a per student basis.
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A student must be enrolled at least half-time (6 hours), dependent undergraduate
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A 3.0% origination fee and a 1.0% default fee will be deducted from your loan proceeds by the Lender or Servicer
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Parent borrower's first payment is due within 60 days after full disbursement. Forbearance and deferment is available upon request with your Lender.
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Maximum 10 year repayment, minimum payment $50
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Credit check is required
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8.50 Fixed interest rate
You may choose to apply by phone however additional requirements will need to be completed such as signing the promissory note. By completing this process online you will have the option to sign the prom note online by completing the E-signature requirement.
Apply Now!
College Costs and Payment Plans
You may also elect to pay William Jewell on a monthly basis rather than through long-term financing. Visit our Cost of Attendance webpage to determine if this is the best solution for you.
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