 Introduction
U.S Federal Aid/Loans
Transfer of Financial Aid
Cost of Attendance
Scholarships
Student Work-Study Program
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U.S. Federal Financial Aid
All citizens and resident aliens of the United States who are enrolled as degree-seeking students at the University may be eligible to participate in the Stafford Loan Program. Parents and independent students may borrow through the PLUS and unsubsidized Stafford Loan Programs respectively.
Certification of loan eligibility by the John Cabot University Financial Aid
Office does not guarantee the loan.
Federal Stafford Loans:
There are two types:
Subsidized: For students who qualify for subsidized Stafford loans, the government pays the interest on the loan(s) until the student enters repayment.
Unsubsidized: Students who receive an unsubsidized Stafford Loan are responsible for the interest that accrues during school, grace and deferment periods. If not paid while the student is in school, interest is capitalized (added to the loan balance) at the end of the borrower’s grace period.
PLUS Loans
Parent Loan for Undergraduate Students (PLUS) is a United States Federal loan available to parents of dependent undergraduate students to help finance their child’s education. Parents may borrow up to the Cost of Attendance, less the amount of any other financial aid received. A credit check is required for the PLUS loan, so a good credit history is required. Repayment for the PLUS loans begins soon after funds are disbursed.
Additional Information
Eligibility for Stafford Loans is subject to a variety of qualifications. There are also annual and aggregate limits on how much can be borrowed.
Student loans are made available by banks in the US. Students may use their own lender or ask the Financial Aid Office for more information.
Students must complete the financial aid application process each award year!
note: Current US government legislation prohibits US citizens enrolled in colleges or universities outside the United States from receiving Pell Grants, SEOG, Perkins Loans, and Federal Work Study funds even though they may be eligible for such assistance. The exception to this is a visiting student currently enrolled in a US institution who will be returning to that institution after a semester or year abroad.
For more detailed information, please contact the Financial Aid Office.
Private (alternative) Loans
Private loans, also known as alternative loans, are an additional way to finance the costs of higher education. Private loans are not administered or backed by the federal government (unlike Stafford Loans), so there may be no deferment or forbearance options for postponing payment. Typically, these loans are credit-based, which means borrowers are required to pass a credit check. In some cases, a co-signer may be required.
Application for Federal Student Aid (FAFSA)
You can apply for financial aid online at www.fafsa.ed.gov or follow the steps below to initiate processing your application:
Complete the FAFSA form and mail to the address indicted on FAFSA form.
Families must complete the Free Application for Federal Student Aid (FAFSA) before any financial aid or student loans can be awarded. All students and their families seeking federal aid must complete the FAFSA and a Renewal FAFSA for each year of study.
You must submit the FAFSA every year that you want aid and hand in a copy to the Financial Aid Officer at John Cabot University.
Students must complete the basic loan application process, and John Cabot University will complete the final loan certification information.
Students begin the financial aid application process by visiting www.fafsa.ed.gov to complete the Free Application for Federal Student Aid (FAFSA). After completing the FAFSA online, each student will receive an electronic Student Aid Report (SAR), which may be downloaded.
This downloaded SAR is an abbreviated, 2-page version of the complete 8-page report.
John Cabot University does not receive the SAR electronically or automatically.
Please call the Federal Student Aid Information Center at 800-4-FED-AID or 800-433-3243 and request that an 8-page SAR will be mailed to your home address.
Upon receipt please forward it to the JCU Financial Aid Office. A 2-page report will not be accepted.
We need this report to process your loan application(s). If you have already completed the form indicating JCU and have received your SAR, please return the SAR to the Rome office with the Master Promissory Note (MPN) duly signed for processing.
Keep a copy of the SAR together with the school certification and the Master Promissory Note (MPN) for your records.
The Department of Education Title IV/OPE code for John Cabot University is G33293.
Department of Veteran Affairs Benefits
All courses at John Cabot University have been approved by the United States Veterans Administration for educational training under the G.I. Bill. Qualifying veterans may contact the Admissions Office for further information.
Deadlines
- New incoming students:
For all U.S. and non-EU students:
For the Fall Semester: March 15
For Spring Semester: Oct 15
For all Italian and EU students:
For the Fall Semester: June 30 (Aug 15 for Italian students only)
For Spring Semester: Nov. 15
- Returning students: Loan applications must be submitted by April 15 for any summer session and/or the Fall term and Nov. 15 for the Spring term
Satisfactory Academic Progress (SAP) Policy For U.S. Federal Financial Aid
For the Undergraduate Student
To remain enrolled and receive Federal Financial Aid, all students must make satisfactory academic progress, as measured by cumulative grade point average and the ratio of credits earned vs. attempted (completion rate).
SAP assumes that the student registers for course loads within the minima/maxima during each regular academic year. Another way to express this is that students must complete their original programs within 180 credit hours. A change of program – different major, additional minor, etc. – obviously extends this limit.
John Cabot University’s Financial Aid Office reviews the Standards of Academic Progress for students receiving Federal Title IV Aid. Each student’s SAP is reviewed every semester using three components:
- Grade Point Average (GPA)
- Hours attempted versus successfully completed
- The maximum time to complete a program
Students must meet the minimum requirements in each of the three components to maintain satisfactory academic progress. Students who do not meet these standards will be withdrawn from Title IV aid.
Please contact the Financial Aid Office for further information.
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