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.
Realize your earning potential faster
Only 65% of May 2016 graduates seeking their first degree at William Jewell borrowed federal student loans. The average of all federal student loan debt for a four-year graduate at William Jewell College is $23,969, slightly below the federal limit over four years of $27,000. In fact, when private student loan debt is added, Jewell graduates borrowed $29,885; less than the $30,000 national average. When you consider that at many institutions it may take five or six years to graduate, then you can see how Jewell students get more value in obtaining their undergraduate degree. You borrow the same amount, enter the workforce sooner and begin realizing your earning potential. Graduates also maintain a 5.6% default rate, well below the national average of 13.4%. What does this mean? Jewell grads borrow responsibly and repay their loans.
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.