Federal Loans

Federal loan programs include Direct, Perkins, and PLUS loans. As needed, you may pursue private loans as well.

Loans allow you to borrow money for school. Student loans, unlike grants and work-study, are borrowed money that must be repaid, with interest, just like car loans and mortgages. Loans are legal obligations, so before you take out a student loan, think about the amount you’ll have to repay over time.

The expected amount of student debt upon graduation with a four-year degree from any one of the four JWU campuses is $29,491. This figure includes all loan programs, with the exception of PLUS loans.

We encourage you to understand as much as you can about your finances so that you can make well-informed decisions before, during and after college. Review our loan repayment section to learn about repayment options, avoiding default and managing debt.

We can't emphasize enough the importance of making your full loan payment on time and according to your repayment schedule. If you don't, you could end up in default, which has serious consequences.

If you're having trouble making payments on your loans, contact your lender as soon as possible to review options, such as changing your repayment plan, deferment or forbearance.

For a comprehensive list of your outstanding federal loans, consult the National Student Loan Data System; select Financial Aid Review.

Financial Aid Terms: Subsidized vs. Unsubsidized

How are these two types of federal loans different? How will their differences affect you as a borrower? read more