11824_JFKU_Catalog Front Cover.indd - John F. Kennedy University

General Informationpermanent resident). Students should contact the Financial Aidoffice for specific requirements regarding citizenship.Grants and ScholarshipsGrants and scholarships are gifts of money that do not have to berepaid. ese funds are extremely limited.Federal Pell Grants. Federal Pell Grants are federally fundedentitlements for low-income undergraduates. Grant amounts rangefrom $575 to $5,550 per year and are prorated for less-than-half,half-, three-quarter-, and full-time enrollment. eligibility is basedon financial need.Federal Supplemental Educational Opportunity Grants(FSEOG). Federal Supplemental educational opportunity Grantsare federally funded grants for undergraduates, ranging from $200to $1,000 per year. eligibility is based on extreme financial need andpriority is given to students with extremely limited resources.Cal Grants A and B. Cal Grants A and B provide scholarship fundsto undergraduates to cover tuition, living expenses, and most fees.Cal Grant eligibility is determined by the California Student AidCommission and is based on grade-point average and student’s orparents’ financial need. Applications for Cal Grants are due byMarch 2 nd each year.JFK University Scholarships. JFK University scholarships areinstitutionally funded awards for graduate and undergraduatestudents. Scholarships range from $250 to $2,000 per year; they aredesigned to reduce students’ reliance on loans and enable additionalstudents to attend the University. eligibility is based on extremefinancial need.e JFK University Law honors Student Merit Scholarship and JFKUniversity Law honors Student Full-tuition Merit Scholarships areavailable to JFK University Law students. ese are merit-basedscholarships. See Law School catalog for details.other grants and scholarships are periodically available from theUniversity and outside sources (e.g., private foundations). noticesregarding the application process for these awards are available inthe Financial Aid office, at the colleges, and on the JFK Universitywebsite at www.jfku.edu.JFK University welcomes contributions to the Universityscholarship fund. All contributions are tax deductible and may besent to:JFK Universityoffice of University Advancement100 ellinwood WayPleasant hill, CA 94523-4817LoansLoans are funds that must be repaid with interest. Students shouldcheck with the Financial Aid office for current information on loanlimits, interest rates, and terms. Federal Direct Stafford Subsidized,Unsubsidized and PLUS student loans are disbursed through theFederal Direct Student Loan Program.undergraduate and graduate students are eligible for FederalStafford Loans. Graduate students may borrow up to $20,500 peracademic year; lower-division undergraduates, up to $9,500 for thefirst academic year and $10,500 for the second academic year; andupper-division undergraduates, up to $12,500 per academic year.New for 2012-13 - Beginning July 1, 2012, graduate students areno longer eligible for new Federal Direct Subsidized Loans.e Subsidized Federal Direct Loan. e Subsidized FederalDirect Loan exists to assist undergraduate students whodemonstrate financial need. Interest does not accrue while thestudent is enrolled at least half-time status (undergraduate = 6 units;graduate = 4.5 units; law = 3 units) in an eligible program.repayment begins and interest starts to accrue six months aftergraduation, withdrawal, or cessation of half-time enrollment, andcan take up to ten years. ere are additional repayment planswhich may extend the repayment time. e interest rate for loansdisbursed between July 1, 2012 and June 30, 2013 is fixed at 3.4% attime of repayment.e Unsubsidized Federal Direct Loan. e Unsubsidized FederalDirect Loan was created for middle- and higher-income borrowers.With the exception of demonstrating financial need, theUnsubsidized Federal Direct Loan has the same eligibility criteriaas the Federal Subsidized Direct Loan. Family income or poor creditwill not affect loan eligibility or disqualify a student from obtainingan Unsubsidized Federal Direct Loan. Interest on new loans is fixedat 3.4 percent. Unlike Subsidized Federal Direct Loans, interest doesbegin accruing after the loan is disbursed.e Federal Direct PLUS Loan. e Dependent Parent DirectPLUS and the Graduate Direct PLUS Loan provides additionalfederal funding beyond Direct subsidized and unsubsidized loansand offers a fixed 7.90 percent interest rate. Deferment options areavailable while in college. e annual award is up to the cost ofattendance, as determined by the college, minus financial aid.U.S. Department of education regulations (Code of Federalregulations §34CFr682.604g) requires all recipients of FederalDirect Student Loans (subsidized and unsubsidized) and FederalPerkins Loans to attend or complete an entrance interview prior toloan certification and an exit interview prior to graduation orwithdrawal from school. e exit interview includes information onthe average indebtedness of students, the average anticipatedmonthly repayments on the loan, and the options available tostudents for repayment and deferment of payment. Failure tocomplete an exit interview could result in a hold being placed onthe student’s diploma and academic transcripts.Federal Perkins Loan. Federal Perkins Loans are 5.1% interestloans for graduate and undergraduate students. ey are awardedby the financial aid office from funds consisting of a federalcontribution, university contribution, and repayment from previousborrowers. Most Federal Perkins Loans range from $3,000 to $8,000annually. repayment begins nine months after graduation,withdrawal, or cessation of half-time enrollment. repayment maytake up to ten years. eligibility is based on financial need. esefunds are extremely limited.Federal Direct Stafford Loans. Federal Direct Stafford Loans(subsidized and unsubsidized) are long-term, low-interest loans thatare available from the U.S. Department of education. Both36 General Information John F. KenneDy UnIverSIty