Loans & Borrowing Policy

Washington & Jefferson College is committed to helping students make responsible financial decisions to keep student loan borrowing to a minimum. We encourage students to exhaust all financial resources, such as 529 prepaid college savings plans, our monthly tuition payment plan option, and earnings from student employment, prior to applying for educational loans. While debt is often unavoidable when it comes to paying for college, we recommend students borrow only what is needed to cover direct expenses (tuition, fees, room and board) to ensure they are not taking on more debt than necessary. Smart borrowing can help reduce the burden of debt after graduation.

我们建议学生转向私人或替代贷款之前利用联邦直接贷款。联邦直接贷款保证(无需信用检查),报价低,固定利率,并提供了大量的还款方式,包括基于收入的还款和公共服务贷款宽恕。联邦直接学生贷款的第一次借款人需要完成一个在线入口辅导会议。该咨询会议提供了关于您的权利和责任为学生贷款借款人的相关信息。还有的家长提供的联邦贷款方案,直接加贷款,其中包括许多的同一借款人的利益为联邦直接学生贷款计划。

Numerous private loan programs are available to students as well. These programs offer competitive interest rates and borrower benefits. Private loans are a viable option for students when they have exhausted all other resources. Since private loans require a credit check, the majority of students will need a co-signer, which will also help them secure the best interest rate possible. To aid students in choosing the best private loan option available, W&J provides ELM Select, a private loan comparison tool. ELM Select offers students the ability to compare and select the loan product that best fits their needs. We encourage students to complete the counseling tool available on ELM Select called Financial Fundamentals, to assist them in choosing the best loan option available. Please note: W&J does not endorse any lender listed within ELM Select. Students have the right to choose any lender for their private loan needs.

The Office of Financial Aid sends an annual notice to all student borrowers. This notice includes the total amount of federal and private loans borrowed while attending W&J College, estimated payoff information, links to online repayment calculators, and information on federal loan counseling tools. Historically, W&J students have borrowed responsibly and one element of proof is our current federal loan cohort default rate (CDR) of 1.1%.  This is exponentially lower than the national CDR of 10.8%. Please refer to W&J Payment Options 额外支付的资源。

贷款信息和贷款申请

网站 studentloans.gov,作为一个门户网站,直接贷款的借款人管理其直接贷款。借款人使用本网站来:

  • 完整的入口贷款咨询;
  • 完成一个直接贷款电子主本票(MPN);
  • 查看电子贷款对应如公开声明;
  • 与其他工具和资源;

对于新生/插班生说明

*请不要采取行动,直到 5月1日之后 AND AN ADMISSION DEPOSIT IS RECEIVED BY W&J

  • 完成硕士本票(MPN)上 studentloans.gov.
    1. 你需要与你的FSA编号进行电子签名。这是相同的ID您用来签署您的FAFSA表格。
    2. Without this MPN, funds will not be disbursed from the Department of Education & applied to your bill at W&J.
  • 完成一个新的入口贷款咨询会议,审查你的权利和责任的借款人。
    1. 这是由联邦政府要求贷款资金可以支付了。

对于谁借的直接母公司贷款,用于本科生(加)所有学生家长的指令。

请按照以下步骤申请加按揭:

  • 访问 studentloans.gov 并使用您的FSA编号。这是你用来签署FAFSA表格相同的ID。 不使用学生的FSA ID登录。
  • 完成直接加贷款请求。这需要提供个人信息,学生和贷款信息和信用检查提供许可。你也可以表明你的选择,如果有从贷款的退款以及您希望借用的金额。

我们建议父母借一笔贷款在整个学年。

  • 借款人将立即收到信用检查的结果。如果信贷批准,完成直接加贷款主人本票(MPN)。
  • 如果信用未获批准,按照有关如何与背书应用的指示,上诉信贷决策或不进一步追究贷款。
  • W&J's Office of Financial Aid will receive your request for a PLUS loan if credit approved and will originate the loan on your behalf. This verifies to the lender the amount of the loan and disbursements along with disbursement dates. When this process is finished, a revised financial aid award letter will be sent home indicating the PLUS loan amount.

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一般贷款信息

老兵联邦学生贷款信息 - 对deferments,公债宽恕,利率和其他程序的信息旨在帮助军人家属。