Financial Aid

** Important Messages **

Please read all the information for the Federal Stafford Loan Application Process. Each step needs to be reviewed. Step 3 must be completed to be considered for a Federal Stafford Loan at Jackson Community College.

Federal Stafford Loan Application Process

The Subsidized Federal Stafford Loan...

is based on financial need which is determined by completing the Free Application for Federal Student Aid. A loan is "subsidized" when the government pays the interest for the student during the following periods:

  • while enrolled in school at least half time
  • during the six month grace period after the student stops attending school at least half time
  • during periods of authorized deferment

The Unsubsidized Federal Stafford Loan...

is not based on financial need. This loan is not subsidized by the government. The student is responsible for all interest that accrues during in-school, grace and deferment periods. Students may choose to make interest payments while in school or may defer (and accumulate) the interest until repayment.

Further details regarding the Federal Family Education Loan Program may be obtained from The Guide to Federal Student Aid ("Funding Education Beyond High School: The Guide to Federal Student Aid").

Federal Stafford Loan Application Process

Complete the Free Application for Federal Student Aid (FAFSA)

  • The JCC Federal ID Code is 002274.
  • The results of the FAFSA will be used to determine your loan eligibility.
  • Parents interested in applying for a PLUS loan must also complete the FAFSA.
  • We encourage students to apply for the Federal Stafford Loan (subsidized and unsubsidized) prior to determining PLUS Loan eligibility.

Students must enroll in a MINIMUM of 6 credits each semester

Students must do this in order to receive loan funding and use loan money for educational expenses for attendance at Jackson Community College (JCC). Your loan application will be processed based on the expected enrollment status you have provided. If your enrollment status changes for any reason, your loan may be reduced or cancelled. If you drop below 6 credit hours, your future loan disbursement(s) will be cancelled. If you completely withdraw from all your classes, you will be subject to having to repay a portion of your loan funds immediately to JCC. The amount you have to repay will be determined in accordance to the US Department of Education’s return of Title IV Funds policy.

Students must be in Good Academic Standing

Students must be making satisfactory academic progress towards completing their JCC degree or certificate program. Good academic standing means maintaining a minimum cumulative grade point average of 2.0 on all attempted credit hours. Satisfactory academic progress toward completion of a course of study means completion of 67% of all attempted credits.

Complete the steps to apply for a Federal Stafford Loan

You must complete all three steps to apply for a Federal Stafford Loan at JCC. If you have previously borrowed loan funds at JCC, you may only need to complete Step 3 but please read the information under all three steps.

Step 1 - Complete Entrance Loan Counseling Session

  • Entrance Counseling must be completed if this is your 1st time applying for a loan at JCC. This step only needs to be completed once.

Step 2 – Complete Federal Stafford Loan Master Promissory Note (MPN)

  • A MPN is a binding legal document you must complete and sign to receive Federal Stafford Loan funds.
  • Several lenders have decided not to participate in the Federal Stafford Loan program. If your previous lender was one of the following lenders, you will need to complete a new MPN:

    Comerica Bank, Lender code: 822660
    Flagstar Bank, Lender code: 826782
    LaSalle Bank, Lender code: 824289
    MHESLA, Lender code: 825585
    National City Bank (c/o Nelnet ), Lender code: 808877

Step 3 – Complete JCC Federal Stafford Loan Request Form

  • The JCC Federal Stafford Loan Request form must be completed by all students wanting to apply for a Federal Stafford Loan. This form is needed in addition to completing the FAFSA.