Investing in your education

Some families choose to help finance a college education through student and parent loans. Our Financial Aid Office will help you understand your loan options.


Student loans are an excellent resource to assist in college affordability and provide access to a private, liberal arts education. Federal student loans provide limited borrowing ability each year with competitive and affordable interest rates. The key to borrowing for your education is borrowing wisely. The federal government limits how much a student may borrow per year, which helps keep student debt at a manageable level.

Make the Most of Your Loans

Financial aid proceeds will be applied against all student charges including tuition, fees, room and board shown on the student account. In addition, financial aid proceeds will be applied to cover allowable charges other than those stated above, unless the parent or student provides the William Jewell College Business Office a statement in writing requesting these other charges not be paid with financial aid proceeds. This written request will take effect on the date that the Business Office receives it and is not retroactive.

Net Price Calculator

Complete the entire form to estimate your financial aid options for Jewell. Financial need and academic merit are considered; talent scholarships will not be reflected.

Net Price Calculator

Types of Loans

  • Federal Direct Loan Program

    By completing a FAFSA annually, you have successfully applied and guaranteed eligibility for a Federal Direct Loan. Direct Loans are low-interest student loans funded by the U.S. Department of Education. To receive your first loan disbursement, students must complete Loan Entrance Counseling and a Master Promissory Note (MPN) at

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  • Carl D. Perkins Loan Program

    The Perkins Loan program was terminated on Sept. 30, 2017. Students who previously borrowed the Perkins Loan will maintain a 5-percent interest rate with in-school subsidies.

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  • Federal Nursing Loan Program

    The Federal Nursing Loan is very similar to the Perkins Loan, except that it is funded by the Department of Health and Social Services rather than the U.S. Department of Education. A Nursing Loan also lacks forgiveness opportunities. To be eligible for the Federal Nursing Loan, borrowers must adhere to the new Federal Truth in Lending Act (TILA) requirements. To complete this process, contact the Student Financial Services Office at William Jewell College, 500 College Hill, Campus Box 2005, Liberty, MO 64068, or email

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  • Private Student Loans

    These non-federal loans are similar to what you might obtain from your bank. Based on your (student) credit history and the credit of your co-signer (parent, family member, friend, etc.), your interest rate may vary based on the marketplace. Generally, we ask you to speak with a financial aid counselor before pursuing private student loans to make sure all other federal options have been exhausted.

    Jewell certifies many private educational loans for students who need assistance to cover additional educational expenses. Interest rates are based off either the LIBOR or Prime interest rate. The amount above or below the current interest rate will be determined by your credit and your co-signer’s credit should you apply with a co-borrower. Not all lenders require a co-signer; however, one may be necessary if you do not have an established credit history. William Jewell recommends a select group of loan products based on customer service and borrower-friendly benefits we have solicited. You are not required to choose one of these lenders or loan products; however, we recommend that you start here when beginning your private student loan search.

    FASTChoice Private Student Loan Research Tool

    Jewell’s Code of Conduct pertaining to private student loans and lender relations is available for public review: William Jewell College Code of Conduct.

    William Jewell College encourages all students to exhaust all Federal loan options before pursuing the private market.

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  • Federal Parent Loans

    A Federal Parent Loan is not a student loan at all. These competitive loans give parents a long-term financing solution to assist their child. Only one parent may borrow per term and the student must be a dependent undergraduate according to the FAFSA and eligible for the Federal Direct Loan.

    • 7.60% Fixed interest rate beginning July 1, 2018
    • 4.264% Origination fee is deducted on or before Sept. 30, 2018. 4.248% Origination fee is deducted on or after Oct. 1, 2018.

    For every $5,000 borrowed, a parent can expect to incur a $58 monthly payment for a standard 10-year repayment. We encourage all parents deciding on a Parent Loan to complete the Loan Entrance Counseling for Parents to make sure you are comfortable with the terms of this Federal Loan. For disbursement to be complete, a parent must:

    Once both steps are completed, Jewell will add the requested loan amount to the student account and schedule a disbursement date for the first date of classes, or within two business days if the term has begun.

    If your Parent Loan is denied due to credit reasons, your student is allowed additional eligibility in an unsubsidized Federal Direct Loan. This is a better solution than pursuing a Private Loan, but this does increase the total borrowing capacity of the student, which could lead to undesirable monthly repayment upon the students graduation at Jewell. For this reason, we encourage parents who are denied to consider paying the interest on the additional unsubsidized loan while the student is in school to prevent the student from needing to pay accrued interest as a result of a denied Parent Loan.

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  • Loan Resources and Repayment Info

    Try these loan repayment calculators, debt/salary calculators and database resources to track how much you have borrowed and which federal servicing partner you should contact with questions.

    Loan Services

    Counseling Services
    Federal Student Loans:
    Loan Entrance Counseling is required before borrowing student loans for the first time. Financial Awareness Counseling

    Loan Exit Counseling: Graduating, transferring, or leaving Jewell? Loan Exit Counseling is required upon completing your education. Find out your responsibilities in repaying your loans.

    Awareness Resources

    Student Loan Forgiveness
    Public Service: Borrowers in the Federal Direct Loan program may be eligible for deferred payment provisions for service in the Peace Corps, service under the Domestic Volunteer Service Act of 1973, or comparable service as a volunteer for a tax-exempt organization of demonstrated effectiveness in the field of community service. Details are available from Student Financial Services, 106 Curry Hall, William Jewell College, 816-415-5972.

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