Financing Options
Some families find it necessary to supplement the financial aid package with additional funding. Below are some other options to research and compare. Please allow adequate processing time to select an alternative funding source, so that funds will credit your bill by the semester payment due date.
SJFC Payment Plan and Other Payment Options
The SJFC payment plan allows families to finance their semester balance in 4 equal installments. The payment plan does not charge interest, only a small enrollment fee. You will receive specific information about the plan with your bill for each term. For more information on the payment plan and payment options, please contact the Bursar's Office.
Federal Direct Parent PLUS Loan or Federal Direct Graduate PLUS Loan
Allows parents, stepparents, legal guardians, and graduate students to borrow up to the full cost of attendance less other aid. The Federal Direct PLUS loans have a fixed interest rate.
- Federal Direct Parent PLUS Loan Information and Instructions
- Federal Direct Graduate PLUS Loan Information and Instructions
Private Alternative Student Loan Programs
Private alternative student loans are a source of funding meant to supplement (not replace) borrowing through federal student loans. Private alternative student loans are typically more expensive than federal loans, and federal loans have much more liberal repayment options than private student loans. Still, for many students, federal student loans may not be adequate to cover the full cost of attending college. The alternative loan may provide enough funds to enable you to attend and pay for the college of your choice. Private alternative student loans are unique because the student can borrow this additional loan. Students who have not established a credit history will be asked to apply with a co-signer. The annual loan limits are the cost of attendance minus other financial aid. When selecting and applying for a private alternative student loan look at the APR, compare the total cost of the loan, apply with a creditworthy cosigner, only borrow what you need and start your search early. Loan calculators can be found at www.finaid.org.