NJCLASS Loans

NJCLASS is one of the most affordable and flexible supplemental student loan programs in the nation.  NJCLASS pays educational costs not already covered by grants, scholarships or other loans, and currently offers the following low rates and flexible terms for the academic year 2013-2014:

Fixed Interest Rate
Repayment Terms
Repayment Options
5.49%
10 Years
Immediate repayment of principal and interest
6.65%
15 Years
Immediate full repayment or interest-only payments during in-school period
8.05%
20 Years
Deferral of principal and interest during in-school period

NJCLASS allows students or parents to borrow the money you need to meet the cost of education after all other sources of student aid are exhausted.  There are no annual and/or aggregate loan limits.  NJCLASS may be used for school related expenses including tuition and fees, books, supplies, and room & board.

Eligible borrowers include New Jersey residents attending any college in or out of state, and out-of-state students who attend college in New Jersey.  NJCLASS loans can be used for undergraduate, graduate, medical and dental studies. 

The NJCLASS program has been helping New Jersey students and families for 21 years, and is one of the few remaining state-sponsored supplemental loan programs left in the nation. For further information visit www.njclass.org.

Students are encouraged to apply for Federal Direct Student loans before they apply for a NJCLASS loan.